No Deficit Restoration. No Member shall be personally liable for a deficit Capital Account balance of that Member, it being expressly understood that the distribution of liquidation proceeds shall be made solely from existing Company assets.
Appears in 108 contracts
Samples: Limited Liability Company Agreement (LandBridge Co LLC), Limited Liability Company Agreement (Kodiak Gas Services, Inc.), Limited Liability Company Agreement (Stronghold Digital Mining, Inc.)
No Deficit Restoration. No Subject to the Act, no Member shall be personally liable for a deficit Capital Account balance of that Member, it being expressly understood that the distribution of liquidation proceeds shall be made solely from existing Company assets.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Rice Acquisition Corp. II), Limited Liability Company Agreement (Rice Acquisition Corp. II)
No Deficit Restoration. No Member shall be personally liable for a deficit Capital Account balance of that Member, it being expressly understood 95 that the distribution of liquidation proceeds shall be made solely from existing Company assets.
Appears in 1 contract
Samples: Equity Holder Release (Emdeon Inc.)
No Deficit Restoration. No Member shall be personally liable for a deficit Capital Account balance of that Member, it being expressly understood that the distribution of liquidation proceeds shall be made solely from existing Company assets.. Active 100551799.4.DOCX
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Cactus, Inc.)
No Deficit Restoration. No Member shall be personally liable for a deficit Capital Account balance of that Member, it being expressly understood that the distribution of liquidation proceeds shall be made solely from existing Company assets.. ARTICLE XI
Appears in 1 contract
Samples: Limited Liability Company Agreement (Stronghold Digital Mining, Inc.)
No Deficit Restoration. No Member shall be personally liable ---------------------- for a deficit Capital Account balance of that Member, it being expressly understood that the distribution of liquidation proceeds shall be made solely from existing Company assets.
Appears in 1 contract
Samples: Limited Liability Company Agreement (St John Knits Inc)
