Common use of Deficit Capital Account Balances Clause in Contracts

Deficit Capital Account Balances. Upon liquidation of the Partnership or the liquidation of a Partner’s interest in the Partnership, no Partner with a deficit balance in its Capital Account shall have the obligation to restore such deficit balance by making an additional contribution to the capital of the Partnership, except as may be required under the Act.

Deficit Capital Account Balances. Upon liquidation of the Partnership or the liquidation of a Partner’s interest in the Partnership, no Partner with a deficit balance in its Capital Account shall have the any obligation to restore such deficit balance by making an additional balance, or to make any contribution to the capital of the Partnership, except as may be required under to the Actextent such Partner is personally liable to make contributions to the capital of the Partnership pursuant to Section 3.1 of this Agreement.

Deficit Capital Account Balances. Upon liquidation of the Partnership or the liquidation of a Partner’s interest in the -------------------------------- Partnership, no Partner with a deficit balance in its Capital Account capital account shall have the any obligation to restore such deficit balance by making an additional balance, or to make any contribution to the capital of the Partnership, except as may be required under the Act.

Deficit Capital Account Balances. Upon liquidation of the Partnership or the liquidation of a Partner’s 's interest in the Partnership, no any General Partner with a deficit balance in its Capital Account shall have the obligation to restore such deficit balance by making an additional contribution to of the capital of the Partnership, except as may be required under the Act.

Deficit Capital Account Balances. Upon liquidation of the Partnership or the liquidation of a Partner’s interest in the Partnership, no Partner with a deficit balance in its Capital Account shall have the any obligation to restore such deficit balance by making an additional balance, or to make any contribution to the capital of the Partnership, except as may be required under to the Actextent such Partner is personally liable to make contributions to the capital of the Partnership pursuant to Article III of this Agreement.