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Common use of No Obligation to Restore Clause in Contracts

No Obligation to Restore. The Manager shall have no obligation to restore a negative balance in its Capital Account.

Appears in 6 contracts

Sources: Limited Liability Company Agreement (Generation Income Properties, Inc.), Limited Liability Company Agreement (Generation Income Properties, Inc.), Limited Liability Company Agreement (Generation Income Properties, Inc.)

Related Clauses

  • No obligation to monitor
  • No Obligation to Register
  • No Obligation to Mitigate
  • No Obligation to Mitigate Damages
  • No Obligation to Employ

Parent Clauses

  • Members Capital Accounts Financing Transactions
  • Capital Accounts
  • Tax Matters
  • Change in control
  • Reporting abuse or neglect

Sub-Clauses

  • Books and Records
  • Reports
  • Tax Matters Partner
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