Additional Provisions Regarding Capital Accounts. (a) If a Partner pays any Partnership indebtedness or forgives any Partnership indebtedness owing to such Partner, such payment or forgiveness shall be treated as a cash contribution by that Partner to the capital of the Partnership, and the Capital Account of such Partner shall be increased by the amount so paid by such Partner.
Appears in 8 contracts
Samples: Limited Partnership Agreement (Longview Clinic Operations Company, LLC), Limited Partnership Agreement (PHC Hospitals, LLC), Limited Partnership Agreement (Marietta Surgical Center, Inc.)
