Adjusted Capital Account Deficit. For purposes of this Agreement, "Adjusted Capital Account Deficit" means, with respect to any Member, the deficit balance, if any, in such Member's Capital Account as of the end of the relevant Accounting Period after giving effect to the following adjustments:
Appears in 4 contracts
Samples: Operating Agreement (Salem Communications Corp /De/), Operating Agreement (Salem Communications Corp /De/), Operating Agreement (Salem Communications Corp /De/)
Adjusted Capital Account Deficit. For purposes of this Agreement, "“Adjusted Capital Account Deficit" means, with respect to any Member, ” shall mean the deficit balance, if any, in such Member's a Partner’s Adjusted Capital Account as of the end of the relevant Accounting Period after giving effect taxable year. This definition of Adjusted Capital Account Deficit is intended to comply with, and it shall be interpreted so as to be consistent with, the following adjustments:provisions of Treasury Regulation Section 1.704-1(b)(2)(ii)(d).
Appears in 4 contracts
Samples: Limited Partnership Agreement (Investment Grade R.E. Income Fund, L.P.), Limited Partnership Agreement (Investment Grade R.E. Income Fund, L.P.), Limited Partnership Agreement (Investment Grade R.E. Income Fund, L.P.)
Adjusted Capital Account Deficit. For purposes of this Agreement, "“Adjusted Capital Account Deficit" ” means, with respect to any MemberLimited Partner, the deficit balance, if any, in such Member's Partner’s Capital Account as of the end of the relevant Accounting Period taxable year, after giving effect to the following adjustments:
Appears in 3 contracts
Samples: Venture Agreement (Penske Automotive Group, Inc.), Venture Agreement (Penske Automotive Group, Inc.), Penske Automotive Group, Inc.
Adjusted Capital Account Deficit. For purposes of this AgreementAs used herein, the term "Adjusted Capital Account Deficit" means, with respect to any Member, the Member's Adjusted Capital Account Deficit shall be the deficit balance, if any, in such the Member's Capital Account as of the end of the relevant Accounting Period fiscal year or at any time, after giving effect to the following adjustments:
Appears in 3 contracts
Samples: Operating Agreement (American Artists Entertainment Corp), American Artists Entertainment Corp, American Artists Entertainment Corp
Adjusted Capital Account Deficit. For purposes of this Agreement, "“Adjusted Capital Account Deficit" means” shall mean, with respect to any Member, the deficit balance, if any, in such Member's ’s Capital Account as of the end of the relevant Accounting Period taxable year or other period, after giving effect to the following adjustments:
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Penske Automotive Group, Inc.), Limited Liability Company Agreement (Penske Automotive Group, Inc.), Limited Liability Company Agreement (Penske Automotive Group, Inc.)
Adjusted Capital Account Deficit. For purposes of this Agreement, "“Adjusted Capital Account Deficit" means, with respect to any ” means for each Member, the deficit balance, if any, in such Member's ’s Capital Account as of the end of the relevant Accounting Period Fiscal Year or other relevant period, after giving effect to the following adjustments:
Appears in 2 contracts
Samples: Membership Interest Purchase Agreement (Red Lion Hotels CORP), Limited Liability Company Agreement (Red Lion Hotels CORP)
Adjusted Capital Account Deficit. For purposes of this Agreement, "“Adjusted Capital Account Deficit" means” shall mean, with respect to any MemberLimited Partner, the deficit balance, if any, in such Member's Partner’s Capital Account as of the end of the relevant Accounting Period taxable year or other period after giving effect to the following adjustments:
Appears in 2 contracts
Samples: Penske Automotive Group, Inc., Penske Automotive Group, Inc.
Adjusted Capital Account Deficit. For purposes of this Agreement, "“Adjusted Capital Account Deficit" ” means, with respect to any Member, the deficit balance, if any, in such Member's ’s Capital Account as of the end of the relevant Accounting Period Fiscal Year or other period, after giving effect to the following adjustments:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Phillips Edison Grocery Center Reit Ii, Inc.), Limited Liability Company Agreement (Centerpoint Properties Trust)
Adjusted Capital Account Deficit. For purposes of this Agreement, "“Adjusted Capital Account Deficit" ” means, with respect to any MemberPartner, the a deficit balance, if any, balance in such Member's Partner’s Capital Account as of the end of the relevant Accounting Period fiscal year, after giving effect to the following adjustments:
Appears in 2 contracts
Samples: Exempted Limited Partnership Agreement (GCM Grosvenor Inc.), Exempted Limited Partnership Agreement (GCM Grosvenor Inc.)
Adjusted Capital Account Deficit. For purposes of this Agreement, "Adjusted Capital Account Deficit" means, with respect to any MemberInterest Holder, the deficit balance, if any, in such Memberthe Interest Holder's Capital Account as of the end of the relevant Accounting Period taxable year, after giving effect to the following adjustments:
Appears in 1 contract
Samples: Operating Agreement (Access Financial Solutions Inc)
Adjusted Capital Account Deficit. For purposes of this Agreement, "Adjusted Capital Account Deficit" Deficit means, with respect to any MemberPartner, the deficit balance, if any, in such MemberPartner's Capital Account as of the end of the relevant Accounting Period Year after giving effect to the following adjustments:
Appears in 1 contract
Samples: Cca Properties of America LLC
Adjusted Capital Account Deficit. For purposes of this Agreement, "“Adjusted Capital Account Deficit" means, with respect to any Member, ” shall mean the deficit balance, if any, in such a Member's ’s Adjusted Capital Account as of the end of the relevant Accounting Period after giving effect taxable year. This definition of Adjusted Capital Account Deficit is intended to comply with, and it shall be interpreted so as to be, consistent with, the following adjustments:provisions of the Treasury Regulation, Section 1.704-1(b)(2)(ii)(d).
Appears in 1 contract
Samples: Operating Agreement (PLM Equipment Growth & Income Fund Vii)
Adjusted Capital Account Deficit. For purposes of As used in this Agreement, "“Adjusted Capital Account Deficit" ” means, with respect to any Member, the deficit balance, if any, in such the Member's ’s Capital Account as of the end of the relevant Accounting Period taxable year, after giving effect to the following adjustments:the
Appears in 1 contract
Samples: Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.)
Adjusted Capital Account Deficit. For purposes of this Agreement, "“Adjusted Capital Account Deficit" means, with respect to any Member, ” means the deficit balance, if any, in such a Member's ’s Capital Account as of at the end of the relevant Accounting Period after giving effect to any fiscal year, with the following adjustments:
Appears in 1 contract
Adjusted Capital Account Deficit. For purposes of this Agreement, "Adjusted Capital Account Deficit" means, with respect to any MemberUnit Holder, the deficit balance, if any, in such MemberUnit Holder's Capital Account as of the end of the relevant Accounting Period fiscal year, after giving effect to the following adjustments:
Appears in 1 contract
Samples: Operating Agreement
Adjusted Capital Account Deficit. For purposes of this Agreement, "Adjusted Capital Account Deficit" means, with respect to any Member, shall mean the deficit balance, if any, in such a Member's Adjustsed Capital Account as of the end of the relevant Accounting Period after giving effect taxable year. This definition of Adjustsed Capital Account Deficit is intended to comply with, and it shall be interpreted so as to be, consistent with, the following adjustments:provisions of the Treasury Regulation, Section 1.704-1(b)(2)(ii)(d)(4),
Appears in 1 contract
Adjusted Capital Account Deficit. For purposes of this Agreement, "Adjusted Capital Account Deficit" means, with respect to any Member, the deficit balance, if any, in such Member's Capital Account as of the end of the relevant Accounting Period fiscal year, after giving effect to the following adjustments:
Appears in 1 contract
Samples: Limited Liability Company Agreement (American Skiing Co /Me)
