Adjustments to Capital Accounts. The Capital Account for a Partner shall be increased by (a) the amount of any cash contributed to the Partnership by such Partner; (b) the value, as agreed upon by the Partnership and such Partner, of any property contributed to the Partnership by such Partner; and (c) any profits of the Partnership allocated to such Partner. The Capital Account for a Partner shall be decreased by all distributions from the Partnership to such Partner and by any losses of the Partnership allocated to such Partner.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Apple Hospitality Two Inc), Limited Partnership Agreement (Apple Hospitality Two Inc), Limited Partnership Agreement (Apple Hospitality Two Inc)
Adjustments to Capital Accounts. The Capital Account for a of each Partner shall be adjusted in the following manner. Each Capital Account shall be increased by (a) the amount of any cash contributed to the Partnership by such Partner; (b) the value's allocable share of income and gain, as agreed upon by the Partnership and such Partnerif any, of any property contributed to the Partnership by such Partner; and (c) any profits of the Partnership allocated to such Partner. The (as well as the Capital Account for Contributions made by a Partner after the Effective Date) and shall be decreased by all distributions from the Partnership to such Partner Partner's allocable share of deductions and by any losses losses, if any, of the Partnership allocated to such Partner.and by the amount
Appears in 2 contracts
Samples: Limited Partnership Agreement (Affiliated Managers Group Inc), Limited Partnership Agreement (Affiliated Managers Group Inc)
