No Deficit Make-Up. No Member shall be obligated to the Company or to any other Member solely because of a deficit balance in such Member’s Capital Account.
No Deficit Make-Up. Notwithstanding anything herein to the contrary, but subject to Section 9.1 and Section 9.8, upon a liquidation of the Company, no Member shall be required to make any Capital Contribution to the Company in respect of any deficit in such Member’s Capital Account.
No Deficit Make-Up. No Member shall be obligated, including on a liquidation of the Company within the meaning of Regulation Section 1.704-1(b)(2)(ii)(g), to restore any negative balance in such Member's Capital Account.
No Deficit Make-Up. No Partner shall be obligated to the Partnership, or any other Partner solely because of a deficit balance in such Partner’s Capital Account.
No Deficit Make-Up. Notwithstanding anything to the contrary contained or inferred herein or by reason of any rule of law, upon dissolution of the Partnership the deficit, if any, in the Capital Accounts of the Limited Partners shall not be an asset of the Partnership, and no Limited Partner shall be obligated bring the balance of such Partner’s Capital Account to zero or otherwise to contribute any amount to the Partnership in order to account for said deficit, whether resulting by reason of cash distributions or the allocation of the Partnership’s losses. Nothing herein, however, shall be deemed to affect the liability of the General Partner to creditors of the Partnership arising by law.
