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 6.9) and (II) the Capital Contributions, if any, made by such Partner during such Period and (B) decreasing such balance by (I) the amount of cash or the Value of Securities or other property distributed or deemed distributed to such Partner pursuant to Section 6 or Section 8 and (II) such Partner's allocable share of each item of the Partnership's deduction or loss for such Period (allocated in accordance with Section 6.10). Each Partner's Capital Account shall be further adjusted with respect to any special allocations or adjustments pursuant to this Agreement.

Appears in 2 contracts

Samples: Marsh & McLennan Companies Inc, Marsh & McLennan Companies Inc

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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 Partnership's income and gain for such Period (allocated in accordance with Section 6.96.8) and (II) the Capital Contributions, if any, made by such Partner during such Period and (Bb) decreasing such balance by (I) the amount of cash or the Value of Securities or other property distributed or deemed distributed to such Partner pursuant to Section Sections 6 or Section 8 13 and (II) such Partner's allocable share of each item of the Partnership's deduction or loss for such Period (allocated in accordance with Section 6.106.8). 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: Marsh & McLennan Companies Inc

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 (Ii) such Partner's allocable share of each item of the Partnership's income and gain for such Period (allocated in accordance with Section 6.9) and (IIii) the Capital Contributions, if any, made by such Partner during such Period and (B) decreasing such balance by (Ii) the amount of cash or the Value of Securities or other property distributed or deemed distributed to such Partner pursuant to Section 6 or Section 8 13 and (IIii) such Partner's allocable share of each item of the Partnership's deduction or loss for such Period (allocated in accordance with Section 6.10). 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: Marsh & McLennan Companies Inc

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 6.96.7) and (II) the Capital Contributions, if any, made by such Partner during such Period and (B) decreasing such balance by (I) the amount of cash or the Value of Securities or other property distributed or deemed distributed to such Partner pursuant to Section 6 Article VI or Section 8 XII and (II) such Partner's allocable share of each item of the Partnership's deduction or loss for such Period (allocated in accordance with Section 6.106.7). 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: Marsh & McLennan Companies Inc

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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 (Ii) such Partner's allocable share of each item of the Partnership's income and gain for such Period (allocated in accordance with Section 6.96.8) and (IIii) the Capital Contributions, if any, made by such Partner during such Period and (B) decreasing such balance by (Ii) the amount of cash or the Value of Securities or other property distributed or deemed distributed to such Partner pursuant to Section Sections 6 or Section 8 13 and (IIii) such Partner's allocable share of each item of the Partnership's deduction or loss for such Period (allocated in accordance with Section 6.106.8). 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 (Marsh & McLennan Companies Inc)

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