Common use of Additions to Capital Accounts Clause in Contracts

Additions to Capital Accounts. Subsequent to the opening Capital Account, a Partner's Capital Account will be increased by the following items: (a) Such Partner's cash contributions to the Partnership's capital; (b) The fair market value, as agreed upon by the contributing Partner and the Managing General Partner, of any property contributed to the capital of the Partnership by such Partner (net of any liability secured by such contributed property that the Partnership is considered to assume or take subject to under Code Section 752);

Additions to Capital Accounts. Subsequent to the opening Capital Account, a Partner's ’s Capital Account will be increased by the following items: (a) Such Partner's ’s cash contributions to the Partnership's ’s capital; (b) The fair market value, as agreed upon by the contributing Partner and the Managing General Partner, of any property contributed to the capital of the Partnership by such Partner (net of any liability secured by such contributed property that the Partnership is considered to assume or take subject to under Code Section 752);