Common use of Manager Discretion Clause in Contracts

Manager Discretion. Notwithstanding any other provision herein, the Manager shall not be obligated to restore any deficit or negative balance in a Member’s capital account upon liquidation of the Company or the Member’s interest in the Company and such negative balance shall not be considered a debt of the Company to the Member or an obligation to the other members or the creditors of the Company

Manager Discretion. Notwithstanding any other provision herein, the Manager shall not be obligated to restore any deficit or negative balance in a Member’s capital account upon liquidation of the Company or the Member’s interest in the Company and such negative balance shall not be considered a debt of the Company to the Member or an obligation to the other members or of the creditors of the Company.