Common use of No Obligation to Restore Clause in Contracts

No Obligation to Restore. Except as otherwise required by applicable law, no Member shall have any liability to restore all or any portion of a deficit balance in such Member’s Capital Account.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Lithium Americas Corp.), Limited Liability Company Agreement (Lithium Americas Corp.)

No Obligation to Restore. Except as otherwise required by applicable law, no No Member shall have any liability obligation with respect to restore all or any portion of a deficit balance in such Member’s 's Capital Account, either to restore the same or otherwise.

Appears in 1 contract

Sources: Operating Agreement (Latzim Family LLC)