Common use of Deficit Capital Account Clause in Contracts

Deficit Capital Account. Notwithstanding anything to the contrary contained herein, no Member shall have any liability to restore all or any portion of a deficit balance in a Capital Account. A deficit balance in a Member’s Capital Account is not an asset of the Company.

Deficit Capital Account. Notwithstanding anything to the contrary contained herein, no No Member shall have any liability to restore all or any portion of a deficit balance in a such Member's Capital Account. A deficit balance in a Member’s Capital Account is Member will not an asset be personally liable for any debts or losses of the CompanyCompany beyond its respective Capital Contributions and any obligation of the Member under Section 8.1 or 8.2 to make Capital Contributions, except as otherwise required by law.