Restoration of Deficit Capital Accounts. At no time during the term of the Company shall a Member with a deficit balance in its Capital Account have any obligation to the Company or to another Member or to any other person to restore such deficit balance.
Appears in 16 contracts
Samples: Limited Liability Company Agreement (CNL Growth Properties, Inc.), Operating Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (CNL Growth Properties, Inc.)
Restoration of Deficit Capital Accounts. At no time during the term of the Company shall a Member with a deficit balance in its Capital Account have any obligation to the Company or to another Member or to any other person Person to restore such deficit balance.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (CNL Growth Properties, Inc.), Operating Agreement (Extra Space Storage Inc.)
Restoration of Deficit Capital Accounts. At no time during the term of the Company shall a Member with a deficit balance in its Capital Account have any obligation to the Company or to another Member or to any other person to contribute Capital or otherwise to restore such deficit balance.
Appears in 1 contract
Samples: Operating Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
Restoration of Deficit Capital Accounts. At no time during the term time, including on dissolution of the Company or liquidation by a Member of its Membership Interest in the Company, shall a Member with a deficit balance in its Capital Account have any obligation to the Company or to another Member or to any other person to restore such deficit balance.. Table of Contents
Appears in 1 contract
Samples: Limited Liability Company Agreement (CNL Growth Properties, Inc.)
