Negative Capital Accounts. Except as may be required by law, no Member shall be required to reimburse the Company for any negative balance in such Member’s Capital Account.
Appears in 11 contracts
Samples: Limited Liability Company Agreement (Excelsior Private Markets Fund II (TE), LLC), Limited Liability Company Agreement (Excelsior Private Markets Fund II (TI), LLC), Limited Liability Company Agreement (Excelsior Private Markets Fund II (Master), LLC)
Negative Capital Accounts. Except as may be required by lawthe Act or any other applicable Law, no Member shall be required to reimburse pay to the Company for or the other Member any deficit or negative balance which may exist from time to time in such Member’s Capital Accountcapital account.
Appears in 5 contracts
Samples: Limited Liability Company Operating Agreement (Strathmore Minerals Corp.), Limited Liability Company Operating Agreement (American Uranium Corp), Limited Liability Company Operating Agreement (Strathmore Minerals Corp.)
Negative Capital Accounts. Except as may be required by law, no Member shall be required to reimburse the Company for any negative balance in such Member’s 's Capital Account.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Irwin Financial Corporation), Limited Liability Company Operating Agreement (Excelsior Venture Partners Fund Iii LLC), Limited Liability Company Operating Agreement (Excelsior Venture Partners Iii LLC)
Negative Capital Accounts. Except as may be required by law, no Member shall be required to reimburse the Company for any make up a negative balance in such Member’s its Capital Account, whether to the Company or any other Member or for the benefit of any creditor of the Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (DMC Global Inc.), Limited Liability Company Agreement (DMC Global Inc.)
Negative Capital Accounts. Except as may be required by law, no Member shall be required to reimburse the Company for any negative balance in such Member’s 's Capital Account; provided, however, that each Member shall remain fully liable to make contributions of capital to the extent of such Member's Unpaid Capital Obligation.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Excelsior Venture Partners Iii LLC)
Negative Capital Accounts. Except as may be required by law, no Member shall be required to reimburse the Company for any negative balance in such Member’s Members' Capital Account.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Irwin Financial Corporation)
