Common use of Restoration of Negative Balances Clause in Contracts

Restoration of Negative Balances. No Member with a deficit balance in its Capital Account shall have any obligation to the Company, to any other Member or to any third party to restore or repay said deficit balance.

Appears in 8 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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Restoration of Negative Balances. No Member with a deficit balance in its Capital Account shall have any obligation obligation, under any circumstances to the Company, to any other Member or to any third party to restore or repay said deficit balance.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Rouse Properties, Inc.), Limited Liability Company Agreement (Rouse Properties, Inc.)

Restoration of Negative Balances. No Member with a deficit -------------------------------- balance in its Capital Account shall have any obligation to the Company, to any other Member or to any third party to restore or repay said deficit balance.

Appears in 2 contracts

Samples: Members Agreement (Ebs Litigation LLC), Members Agreement (Ebs Pension LLC)

Restoration of Negative Balances. No Member with a deficit balance in its Capital Account shall will have any obligation to the Company, to any other Member or to any third party to restore or repay said deficit balance.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Calavo Growers Inc)

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Restoration of Negative Balances. No Member with a deficit balance in its Capital Account shall have any obligation obligation, under any circumstances to the Company, to any other Member or to any third party to restore or repay said deficit balance.. ACTIVE 202923160v.13

Appears in 1 contract

Samples: Limited Liability Company Agreement (Rouse Properties, Inc.)

Restoration of Negative Balances. No Member with a deficit balance in its Capital Account shall have any obligation to the Company, to any other Member or to any third party to restore or repay said deficit balance. Transfers of Interests.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Allegheny Energy Inc)

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