DEFICIT MAKE-UP OBLIGATION AND BALANCING CASH CONTRIBUTIONS. If a Party has a negative FMV capital account balance, such Party shall be obligated to contribute to the Tax Partnership an amount of money sufficient to achieve a zero balance FMV capital account. Any Party may contribute an amount of cash to the Tax Partnership to facilitate the balancing of the FMV capital accounts. If after these adjustments the FMV capital accounts are not balanced, Section 7.5 shall apply.
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Samples: Participation and Exploration Agreement (Rex Energy Corp), Participation and Exploration Agreement (Rex Energy Corp), Participation and Exploration Agreement (Rex Energy Corp)
DEFICIT MAKE-UP OBLIGATION AND BALANCING CASH CONTRIBUTIONS. If a Party has a negative FMV capital account balance, such Party shall not be obligated to contribute to the Tax Partnership an amount of money sufficient to achieve a zero balance FMV capital account. Any Party may contribute an amount of cash to the Tax Partnership to facilitate the balancing of the FMV capital accounts. If after these adjustments the FMV capital accounts are not balanced, Section 7.5 shall apply.
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