Negative Capital Account. No Partner shall at any time have any liability to the Partnership or to any other Partner to restore or otherwise to be responsible for any negative capital account except to the extent the negative capital account is created by reason of distributions or other actions in violation of this Agreement or the Texas Business Organizations Code.
Appears in 3 contracts
Samples: www.sec.gov, Limited Partnership Agreement (Belo Corp), Limited Partnership Agreement (Belo Corp)
Negative Capital Account. No Partner (General or Limited) shall at any time have any liability to the Partnership or to any other Partner Partner, be obligated to restore restore, or otherwise to be responsible for any negative capital account Capital Account except to the extent the negative capital account Capital Account is created by reason of distributions in violation of this Agreement or other actions in violation of this Agreement or the Texas Business Organizations CodeAgreement.
Appears in 1 contract
Negative Capital Account. No Partner (general or limited) shall at any time have any liability to the Partnership or to any other Partner Partner, be obligated to restore restore, or otherwise to be responsible for any negative capital account except to the extent the negative capital account is created by reason of distributions in violation of this Agreement or other actions in violation of this Agreement or the Texas Business Organizations CodeAgreement.
Appears in 1 contract
Samples: Agreement (Fitzgerald Kevin P)
