Capital Account Restoration. No Limited Partner shall have any obligation to restore any negative balance in its Capital Account upon liquidation of the Partnership. The General Partner shall be obligated to restore any negative balance in its Capital Account upon liquidation of its interest in the Partnership by the end of the taxable year of the Partnership during which such liquidation occurs, or, if later, within 90 days after the date of such liquidation.
Capital Account Restoration. No Partner shall have any obligation to restore any negative balance in its Capital Account upon liquidation of the Partnership.
Capital Account Restoration. No Member shall have any obligation to restore any negative balance in its Capital Account upon liquidation of the Company.
Capital Account Restoration. No Limited Partner shall have any obligation to restore any negative balance in its Capital Account upon liquidation of the Partnership. The General Partner shall be obligated to restore any negative balance in its Capital Account upon liquidation of its interest in the Partnership by the end of the taxable period of the Partnership during which such liquidation occurs, or, if later, within 90 days after the date of such liquidation. BP MIDSTREAM PARTNERS LP AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP
Capital Account Restoration. No Limited Partner shall have an obligation to restore a negative Capital Account balance.
Capital Account Restoration. The Limited Partner shall not be obligated to restore any negative balance in its Capital Account or have any obligation to make additional contributions of capital upon liquidation.
Capital Account Restoration. No Member shall have an obligation to the Company, any other Member or any third party or creditor to restore any negative balance in its Capital Account upon a dissolution or other liquidation of the Company in accordance with Article XII or otherwise.
Capital Account Restoration. “No Partner shall have any obligation to restore any negative balance in its Capital Account upon liquidation of the Partnership except to the extent the holder has a negative Capital Account balance with respect to a Class D Unit. Any Partner with a negative Capital Account balance with respect to a Class D Unit shall have an obligation to restore such negative Class D Unit Capital Account balance upon liquidation of the Partnership.”
Capital Account Restoration. No Limited Partner shall have any obligation to restore any negative balance in its Capital Account upon liquidation of the Partnership. Each of the General Partners shall be obligated to restore any negative balance in its Capital Account upon liquidation of its interest in the Partnership by the end of the taxable year of the Partnership during which such liquidation occurs, or, if later, within 90 days after the date of such liquidation; provided, however, the Special General Partner's total obligation pursuant to this Section 12.8 and Section 12.8 of the Operating Partnership Agreement shall be limited to $78,000,000. The non-contributing General Partner shall indemnify the contributing General Partner for amounts contributed to the Partnership pursuant to this Section 12.8 and by it to the Operating Partnership pursuant to Section 12.8 of the Operating Partnership Agreement to the extent it exceeds the contributing General Partner's Pro Rata share of the amounts so contributed, provided, however, that the Special General Partner's total indemnification obligation is limited by the excess of $78,000,000 over the aggregate amount previously contributed by it to the Partnership pursuant to this Section 12.8 and by it to the Operating Partnership pursuant to Section 12.8 of the Operating Partnership Agreement.
Capital Account Restoration. 93 SECTION 12.9 Reasonable Time for Winding Up................................................... 94