Adjusted Capital Account Deficit. “Adjusted Capital Account Deficit” shall mean the deficit balance, if any, in a Partner’s Adjusted Capital Account as of the end of the 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 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” shall mean " means, with respect to any Member, the deficit balance, if any, in a Partner’s Adjusted such Member's Capital Account as of the end of the taxable year. This definition of Adjusted Capital Account Deficit is intended relevant Accounting Period after giving effect to comply with, and it shall be interpreted so as to be consistent with, the provisions of Treasury Regulation Section 1.704-1(b)(2)(ii)(d).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. “Adjusted Capital Account Deficit” shall mean means, with respect to any Limited Partner, the deficit balance, if any, in a such Partner’s Adjusted Capital Account as of the end of the relevant taxable year. This definition of Adjusted Capital Account Deficit is intended , after giving effect to comply with, and it shall be interpreted so as to be consistent with, the provisions of Treasury Regulation Section 1.704-1(b)(2)(ii)(d).following adjustments:
Appears in 3 contracts
Samples: Partnership Agreement (Penske Automotive Group, Inc.), Limited Partnership Agreement (Penske Automotive Group, Inc.), Limited Partnership Agreement (Penske Automotive Group, Inc.)
Adjusted Capital Account Deficit. “Adjusted Capital Account Deficit” shall mean mean, with respect to any Member, the deficit balance, if any, in a Partnersuch Member’s Adjusted Capital Account as of the end of the relevant taxable year. This definition of Adjusted Capital Account Deficit is intended year or other period, after giving effect to comply with, and it shall be interpreted so as to be consistent with, the provisions of Treasury Regulation Section 1.704-1(b)(2)(ii)(d).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. “As used herein, the term "Adjusted Capital Account Deficit” " means, with respect to any Member, the Member's Adjusted Capital Account Deficit shall mean be the deficit balance, if any, in a Partner’s Adjusted the Member's Capital Account as of the end of the taxable year. This definition of Adjusted Capital Account Deficit is intended relevant fiscal year or at any time, after giving effect to comply with, and it shall be interpreted so as to be consistent with, the provisions of Treasury Regulation Section 1.704-1(b)(2)(ii)(d).following adjustments:
Appears in 3 contracts
Samples: Operating Agreement (American Artists Entertainment Corp), Operating Agreement (American Artists Entertainment Corp), Operating Agreement (American Artists Entertainment Corp)
Adjusted Capital Account Deficit. “Adjusted Capital Account Deficit” shall mean means, with respect to any Member, the deficit balance, if any, in a Partnersuch Member’s Adjusted Capital Account as of the end of the taxable year. This definition of Adjusted Capital Account Deficit is intended relevant Fiscal Year or other period, after giving effect to comply with, and it shall be interpreted so as to be consistent with, the provisions of Treasury Regulation Section 1.704-1(b)(2)(ii)(d).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. “Adjusted Capital Account Deficit” shall mean means for each Member, the deficit balance, if any, in a Partnersuch Member’s Adjusted Capital Account as of the end of the taxable year. This definition of Adjusted Capital Account Deficit is intended relevant Fiscal Year or other relevant period, after giving effect to comply with, and it shall be interpreted so as to be consistent with, the provisions of Treasury Regulation Section 1.704-1(b)(2)(ii)(d).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. “Adjusted Capital Account Deficit” shall mean the means, with respect to any Partner, a deficit balance, if any, balance in a such Partner’s Adjusted Capital Account as of the end of the taxable relevant fiscal year. This definition of Adjusted Capital Account Deficit is intended , after giving effect to comply with, and it shall be interpreted so as to be consistent with, the provisions of Treasury Regulation Section 1.704-1(b)(2)(ii)(d).following adjustments:
Appears in 2 contracts
Samples: Limited Partnership Agreement (GCM Grosvenor Inc.), Limited Partnership Agreement (GCM Grosvenor Inc.)
Adjusted Capital Account Deficit. “Adjusted Capital Account Deficit” shall mean mean, with respect to any Limited Partner, the deficit balance, if any, in a such Partner’s Adjusted Capital Account as of the end of the relevant taxable year. This definition of Adjusted Capital Account Deficit is intended year or other period after giving effect to comply with, and it shall be interpreted so as to be consistent with, the provisions of Treasury Regulation Section 1.704-1(b)(2)(ii)(d).following adjustments:
Appears in 2 contracts
Samples: Agreement of Limited Partnership (Penske Automotive Group, Inc.), Agreement of Limited Partnership (Penske Automotive Group, Inc.)
Adjusted Capital Account Deficit. “Adjusted Capital Account Deficit” shall mean " means, with respect to any Member, the deficit balance, if any, in a Partner’s Adjusted such Member's Capital Account as of the end of the taxable relevant fiscal year. This definition of Adjusted Capital Account Deficit is intended , after giving effect to comply with, and it shall be interpreted so as to be consistent with, the provisions of Treasury Regulation Section 1.704-1(b)(2)(ii)(d).following adjustments:
Appears in 1 contract
Samples: Limited Liability Company Agreement (American Skiing Co /Me)
Adjusted Capital Account Deficit. “Adjusted Capital Account Deficit” shall mean " means, with respect to any Member, the deficit balance, if any, in a Partner’s Adjusted such Member's Capital Account as of the end of the taxable year. This definition of Adjusted Capital Account Deficit is intended relevant Fiscal Year, after giving effect to comply with, and it shall be interpreted so as to be consistent with, the provisions of Treasury Regulation Section 1.704-1(b)(2)(ii)(d).following adjustments:
Appears in 1 contract
Adjusted Capital Account Deficit. “Adjusted Capital Account Deficit” shall mean the deficit balance, if any, in a PartnerMember’s Adjusted Capital Account as of the end of the taxable year. This definition of Adjusted Capital Account Deficit is intended to comply with, and it shall be interpreted so as to be be, consistent with, the provisions of the Treasury Regulation 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. “Adjusted Capital Account Deficit” " shall mean the deficit balance, if any, in a Partner’s Adjusted Member's Adjustsed Capital Account as of the end of the taxable year. This definition of Adjusted Adjustsed Capital Account Deficit is intended to comply with, and it shall be interpreted so as to be be, consistent with, the provisions of the Treasury Regulation Regulation, Section 1.704-1(b)(2)(ii)(d1(b)(2)(ii)(d)(4).,
Appears in 1 contract
Adjusted Capital Account Deficit. As used in this Agreement, “Adjusted Capital Account Deficit” shall mean means, with respect to any Member, the deficit balance, if any, in a Partnerthe Member’s Adjusted Capital Account as of the end of the relevant taxable year. This definition of Adjusted Capital Account Deficit is intended , after giving effect to comply with, and it shall be interpreted so as to be consistent with, the provisions of Treasury Regulation Section 1.704-1(b)(2)(ii)(d).the
Appears in 1 contract
Samples: Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.)
Adjusted Capital Account Deficit. “Adjusted Capital Account Deficit” shall mean means the deficit balance, if any, in a PartnerMember’s Adjusted Capital Account as of at the end of any fiscal year, with the 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 provisions of Treasury Regulation Section 1.704-1(b)(2)(ii)(d).following adjustments:
Appears in 1 contract
Adjusted Capital Account Deficit. “Adjusted Capital Account Deficit” shall mean " means, with respect to any Interest Holder, the deficit balance, if any, in a Partner’s Adjusted the Interest Holder's Capital Account as of the end of the relevant taxable year. This definition of Adjusted Capital Account Deficit is intended , after giving effect to comply with, and it shall be interpreted so as to be consistent with, the provisions of Treasury Regulation Section 1.704-1(b)(2)(ii)(d).following adjustments:
Appears in 1 contract
Samples: Operating Agreement (Access Financial Solutions Inc)
Adjusted Capital Account Deficit. “Adjusted Capital Account Deficit” shall mean " means, with respect to any Unit Holder, the deficit balance, if any, in a Partner’s Adjusted such Unit Holder's Capital Account as of the end of the taxable relevant fiscal year. This definition of Adjusted Capital Account Deficit is intended , after giving effect to comply with, and it shall be interpreted so as to be consistent with, the provisions of Treasury Regulation Section 1.704-1(b)(2)(ii)(d).following adjustments:
Appears in 1 contract
Samples: Operating Agreement