Capital Account Restoration Sample Clauses

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 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 DOMINION MIDSTREAM PARTNERS, LP FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP 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.
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.