Restoration of Negative Capital Accounts. At no time shall a Member with a negative balance in its Capital Account have any obligation to the Company or to any other Member to restore such negative balance.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (Phillips 66 Partners Lp), Limited Liability Company Agreement (Phillips 66 Partners Lp), Formation and Contribution Agreement (Phillips 66 Partners Lp)
Restoration of Negative Capital Accounts. At Except as otherwise required by law, no time Member shall a Member with a negative balance in its Capital Account have any obligation to the Company or the other Members or to any other Member Person, including creditors of the Company, to restore such any negative balancebalance in its Capital Account.
Appears in 1 contract
Samples: Limited Liability Company (Ignis Petroleum Group, Inc.)
