Common use of Deficit Capital Account Clause in Contracts

Deficit Capital Account. Except as otherwise required in the Act or this Agreement, no Member shall have any liability to restore all or any portion of a deficit balance in a Capital Account.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (Era Group Inc.), Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.), Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.)

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Deficit Capital Account. Except as otherwise required in the Act or this Agreement, no No Member shall have any liability to restore all or any portion of a deficit balance in a Capital Account, except as otherwise provided in this Agreement.

Appears in 5 contracts

Samples: Parking Management Agreement, Limited Liability Company Agreement (Sculptor Diversified Real Estate Income Trust, Inc.), Limited Liability Company Operating Agreement (Consolidated Tomoka Land Co)

Deficit Capital Account. Except as otherwise required in the ----------------------- Delaware Act or this Agreement, no Member shall have any liability to restore all or any portion of a deficit balance in a Capital Account.

Appears in 4 contracts

Samples: Operating Agreement (Mediacom LLC), Operating Agreement Operating Agreement (Mediacom LLC), Operating Agreement (Mediacom LLC)

Deficit Capital Account. Except as otherwise required in the New York Act or this Amended and Restated Agreement, no Member shall have any liability to restore all or any portion of a deficit balance in a Capital Account.

Appears in 2 contracts

Samples: Operating Agreement (West Village Gym at the Archives LLC), Operating Agreement (West Village Gym at the Archives LLC)

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Deficit Capital Account. Except as otherwise required in by the Act or this Agreement, no Member shall have any liability to restore all or any portion of a deficit balance in a its Capital Account.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Doe Run Resources Corp)

Deficit Capital Account. Except as otherwise required in the Act or this Agreement, no Member the Members shall not have any liability to restore all or any portion of a deficit balance in a Capital Account.

Appears in 1 contract

Samples: Operating Agreement

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