Allocations and Capital Accounts Sample Clauses

Allocations and Capital Accounts. Solely for purposes of the maintenance of Capital Accounts under Article IV and the administration of allocations under Article V of the Agreement, the Redemption Price per Series D Unit shall be treated as a Liquidation Preference.
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Allocations and Capital Accounts. 6.1. CAPITAL ACCOUNTS. A "CAPITAL ACCOUNT" shall be established for each Unitholder on the books of the Company and shall be maintained as provided in the definition of Capital Account.
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Allocations and Capital Accounts. 17 6.1. Capital Accounts................................................................... 17 6.2. Allocations........................................................................ 17 6.3. Limitations on Losses and Special Rules............................................ 18 6.4. Tax Allocations.................................................................... 20 6.5. Curative Allocations............................................................... 20 ARTICLE VII MANAGEMENT....................................................................... 20 7.1. Management......................................................................... 20 7.2. Certificate of Limited Partnership................................................. 21 7.3. Citizenship Requirements........................................................... 21 ARTICLE VIII TRANSFERS OF PERCENTAGE INTERESTS............................................... 21 8.1. General ........................................................................... 21 8.2. Permitted Transfers................................................................ 23 8.3. Legend............................................................................. 24 - i -
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Allocations and Capital Accounts. 6.1. CAPITAL ACCOUNTS. A "CAPITAL ACCOUNT" shall be established for each Partner on the books of the Partnership and shall be maintained as provided in the definition of Capital Account.
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Allocations and Capital Accounts. 18 6.1. Capital Accounts................................................................... 18 6.2. Allocations........................................................................ 18 6.3. Limitations on Losses and Special Rules............................................ 19 6.4. Tax Allocations.................................................................... 21 6.5. Curative Allocations............................................................... 21 - i - ARTICLE VII MANAGEMENT....................................................................... 22 7.1. Establishment of Board............................................................. 22 7.2. The Board: Delegation of Authority and Duties...................................... 22 7.3. Term of Office..................................................................... 23 7.4. Meetings of the Board and Committees............................................... 23 7.5. Voting............................................................................. 24 7.6. Responsibility and Authority of the Board.......................................... 24 7.7. Company Funds...................................................................... 24 7.8. Devotion of Time................................................................... 24 7.9. Payments to Directors: Reimbursements.............................................. 24 7.10. Citizenship Requirements.......................................................... 25 7.11. Officers.......................................................................... 25 ARTICLE VIII TRANSFERS OF UNITS.............................................................. 27 8.1. General............................................................................ 27 8.2. Permitted Transfers................................................................ 28 8.3. Legend............................................................................. 29
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Allocations and Capital Accounts 
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Related to Allocations and Capital Accounts

  • Capital Contributions and Capital Accounts (a) The value of the interests contributed by the Class A Certificateholders and the Class I Certificateholders shall equal the amount paid by such Certificateholders for such interests, respectively, and such amounts shall constitute the opening balance in their Capital Accounts (as hereinafter defined). The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above. Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.

  • Capital Accounts and Allocations (a) CAPITAL ACCOUNTS. A separate capital account (a "Capital Account") shall be established and maintained for each Member, which shall initially be equal to the Capital Contribution of such Member as set forth on Schedule A hereto. Such Capital Accounts shall be maintained in accordance with Section 1.704-1(b)(2)(iv) of the Treasury Regulations, and this Section 5.2 shall be interpreted and applied in a manner consistent with said Section of the Treasury Regulations. The Capital Accounts shall be maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions to any Members in liquidation or otherwise. The amount of all distributions to Members shall be determined pursuant to Sections 5.3, 5.4 and 5.5.

  • Book Capital Accounts The Book Capital Account balance of each Holder shall be adjusted each day by the following amounts:

  • Capital Accounts Allocations There shall be established in respect of each Holder a separate capital account in the books and records of the Up-MACRO Holding Trust in respect of the Holder's Capital Contributions to the Up-MACRO Holding Trust (each, a "Capital Account"), to which the following provisions shall apply:

  • Capital Accounts (a) The Partnership shall maintain for each Partner (or a beneficial owner of Partnership Interests held by a nominee in any case in which the nominee has furnished the identity of such owner to the Partnership in accordance with Section 6031(c) of the Code or any other method acceptable to the General Partner) owning a Partnership Interest a separate Capital Account with respect to such Partnership Interest in accordance with the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). Such Capital Account shall be increased by (i) the amount of all Capital Contributions made to the Partnership with respect to such Partnership Interest and (ii) all items of Partnership income and gain (including income and gain exempt from tax) computed in accordance with Section 5.5(b) and allocated with respect to such Partnership Interest pursuant to Section 6.1, and decreased by (x) the amount of cash or Net Agreed Value of all actual and deemed distributions of cash or property made with respect to such Partnership Interest and (y) all items of Partnership deduction and loss computed in accordance with Section 5.5(b) and allocated with respect to such Partnership Interest pursuant to Section 6.1.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Capital Accounts of the Partners A. The Partnership shall maintain for each Partner a separate Capital Account in accordance with the rules of Regulations Section l.704-l(b)(2)(iv). Such Capital Account shall be increased by (i) the amount of all Capital Contributions and any other deemed contributions made by such Partner to the Partnership pursuant to this Agreement and (ii) all items of Partnership income and gain (including income and gain exempt from tax) computed in accordance with Section 1.B hereof and allocated to such Partner pursuant to Section 6.1 of the Agreement and Exhibit C thereof, and decreased by (x) the amount of cash or Agreed Value of all actual and deemed distributions of cash or property made to such Partner pursuant to this Agreement and (y) all items of Partnership deduction and loss computed in accordance with Section 1.B hereof and allocated to such Partner pursuant to Section 6.1 of the Agreement and Exhibit C thereof.

  • Adjustments to Capital Accounts At the end of each Fiscal Period, the Capital Accounts of the Partners shall be adjusted in the following manner:

  • Deficit Capital Accounts No Member will be required to pay to the Company, to any other Member or to any third party any deficit balance that may exist from time to time in the Member’s Capital Account.

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