Common use of Deficit Balance Clause in Contracts

Deficit Balance. The Member shall have no liability to restore all or any portion of a deficit balance in its Capital Account.

Appears in 5 contracts

Sources: Operating Agreement (Mill Creek Land, L.P.), Operating Agreement (Mill Creek Land, L.P.), Operating Agreement (Mohegan Tribal Gaming Authority)

Deficit Balance. The Member Members shall have no liability to restore all or any portion of a deficit balance in its Capital Account.

Appears in 2 contracts

Sources: Operating Agreement (Mill Creek Land, L.P.), Operating Agreement (Mill Creek Land, L.P.)