Common use of Restoration of Negative Capital Accounts Clause in Contracts

Restoration of Negative Capital Accounts. Neither the General Partner nor any Limited Partner shall be obligated to restore any deficit balance in its Capital Account or shall be personally liable for the return of the Capital Contributions of any Partner, or any portion thereof, including upon and after dissolution of the Partnership, it being expressly understood that (a) any such return shall be made solely from ASAC assets and (b) a deficit in a Partner’s Capital Account shall not constitute an ASAC asset.

Restoration of Negative Capital Accounts. Neither Subject to Section 5.02, neither the General Partner nor any Limited other Partner shall be obligated to restore any deficit balance in its a Partner’s Capital Account or shall be personally liable for the return of the Capital Contributions of any Partner, or any portion thereof, including upon and after dissolution of the Partnership, it being expressly understood that (a) any such return shall be made solely from ASAC assets and (b) a Account. A deficit in a Partner’s Capital Account shall not constitute an ASAC a Partnership asset. No Limited Partner shall be responsible for any losses of any other Partner, nor share in the income or, if applicable, allocation of tax-deductible expenses attributable to any other Partner.

Restoration of Negative Capital Accounts. Neither the General Partner nor any the Limited Partner shall be obligated to restore any deficit balance in its Capital Account or shall be personally liable for the return of the Capital Contributions of any Partner, or any portion thereof, including upon and after dissolution of the Partnership, it being expressly understood that (ax) any such return shall be made solely from ASAC the Fund assets and (by) a deficit in a Partner’s Capital Account shall not constitute an ASAC a Fund asset.

Restoration of Negative Capital Accounts. Neither Subject to Sections 6.05 and 6.13, neither the General Partner nor any Limited other Partner shall be obligated to restore any deficit balance in its Capital Account or shall be personally liable for the return of the Capital Contributions of any Partnerthe Limited Partners, or any portion thereof, including upon and after dissolution of the Partnership, it being expressly understood that (ax) any such return shall be made solely from ASAC Partnership assets and (by) a deficit in a Partner’s Capital Account shall not constitute an ASAC a Partnership asset.