Common use of Adjustments to Capital Accounts Clause in Contracts

Adjustments to Capital Accounts. As of the last day of each Period, the balance in each Partner’s Capital Account shall be adjusted by (a) increasing such balance by (i) such Partner’s allocable share of each item of the Partnership’s income and gain for such Period (allocated in accordance with Section 6.8) and (ii) the Capital Contribution, if any, made by such Partner during such Period, (b) decreasing such balance by (i) the amount of cash or the Value of Securities or other property distributed to such Partner pursuant to this Agreement and (ii) such Partner’s allocable share of each item of the Partnership’s loss and deduction for such Period (allocated in accordance with Section 6.8). Each Partner’s Capital Account shall be further adjusted with respect to any special allocations or adjustments pursuant to this Agreement.

Appears in 5 contracts

Samples: Agreement, www.sec.gov, Limited Partnership Agreement (Oaktree Capital Group, LLC)

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Adjustments to Capital Accounts. As of the last day of each Period, the balance in each Partner’s 's Capital Account shall be adjusted by (a) increasing such balance by (i) such Partner’s allocable 's pro rata share of each item of the Partnership’s 's income and gain for such Period (allocated in accordance with Section 6.86.7) and (ii) the Capital ContributionContributions, if any, made by such Partner during such Period, Period and (b) decreasing such balance by (i) the amount of cash or the Value of Securities or other property distributed to such Partner pursuant to this Agreement and (ii) such Partner’s allocable 's pro rata share of each item of the Partnership’s 's loss and deduction for such Period (allocated in accordance with Section 6.86.7). Each Partner’s 's Capital Account shall be further adjusted with respect to any special allocations or adjustments pursuant to this Agreement.

Appears in 3 contracts

Samples: Purchase Agreement (Lauder Ronald S), Purchase Agreement (Apax Partners Europe Managers LTD), Limited Partnership Agreement (Lauder Ronald S)

Adjustments to Capital Accounts. As of the last day of each Period, the balance in each Partner’s Capital Account shall be adjusted by (a) increasing such balance by (i) such Partner’s allocable share of each item of the Partnership’s income and gain for such Period (allocated in accordance with Section 6.8) and (ii) such Partner’s Capital Contribution on the Capital Contribution, if any, made by such Partner during such Period, Second Funding Date and (b) decreasing such balance by (i) the amount of cash or the Value of Securities or other property distributed to such Partner pursuant to this Agreement and (ii) such Partner’s allocable share of each item of the Partnership’s loss and deduction for such Period (allocated in accordance with Section 6.8)) . Each Partner’s Capital Account shall be further adjusted with respect to any special allocations or adjustments pursuant to this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (GSC Investment LLC)

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Adjustments to Capital Accounts. As of the last day of each Period, the balance in each Partner’s Capital Account shall be adjusted by (a) increasing such balance by (i) such Partner’s allocable share of each item of the PartnershipFund’s income and gain for such Period (allocated in accordance with Section 6.86.9) and (ii) such Partner’s Capital Contribution on the Capital Contribution, if any, made by such Partner during such Period, Second Funding Date and (b) decreasing such balance by (i) the amount of cash or the Value of Securities or other property distributed to such Partner pursuant to this Agreement and (ii) such Partner’s allocable share of each item of the PartnershipFund’s loss and deduction for such Period (allocated in accordance with Section 6.8)6.9) . Each Partner’s Capital Account shall be further adjusted with respect to any special allocations or adjustments pursuant to this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (GSC Investment LLC)

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