Common use of Allocations for Capital Account Purposes Clause in Contracts

Allocations for Capital Account Purposes. (a) For purposes of maintaining the Capital Accounts and in determining the rights of the Members among themselves, except as otherwise provided in this Section 3.6, each item of income, gain, loss, expense and deduction (computed in accordance with Section 3.5(b)) shall be allocated to the Members in accordance with their respective Percentage Interests. (b) Member B shall be treated as receiving a guaranteed payment equal to an amount corresponding to the allocation described in Section 5.8 hereof.

Appears in 13 contracts

Samples: Limited Liability Company Agreement (iShares S&P GSCI Commodity-Indexed Investing Pool LLC), Limited Liability Company Agreement (iShares GS Commodity Energy Indexed Investing Pool LLC), Limited Liability Company Agreement (iShares GS Commodity Light Energy Indexed Investing Pool LLC)

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Allocations for Capital Account Purposes. (a) For purposes of maintaining the Capital Accounts and in determining the rights of the Members Beneficial Owners among themselves, except as otherwise provided in this Section 3.6, 2 each item of income, gain, loss, expense and deduction (computed in accordance with Section 3.5(b1(b)) shall be allocated to the Members Beneficial Owners in accordance with their respective Percentage Interests. (b) Member B shall be treated as receiving a guaranteed payment equal to an amount corresponding to the allocation described in Section 5.8 hereof.

Appears in 12 contracts

Samples: Trust Agreement (iShares S&P GSCI Commodity-Indexed Investing Pool LLC), Trust Agreement (Resonance Advisors LLC), Trust Agreement (iShares S&P GSCI Commodity-Indexed Trust)

Allocations for Capital Account Purposes. (a) For purposes of maintaining the Capital Accounts and in determining the rights of the Members among themselves, except as otherwise provided in this Section 3.6, each item the Company’s items of income, gain, loss, expense loss and deduction (computed in accordance with Section 3.5(b3.6(b)) shall be allocated to among the Members in accordance with their respective Percentage Interestseach taxable year (or portion thereof) as provided herein below. (b) Member B shall be treated as receiving a guaranteed payment equal to an amount corresponding to the allocation described in Section 5.8 hereof.

Appears in 11 contracts

Samples: Limited Liability Company Agreement (Fortress Transportation & Infrastructure Investors LLC), Limited Liability Company Agreement (Fortress Transportation & Infrastructure Investors LLC), Limited Liability Company Agreement (Fortress Transportation & Infrastructure Investors LLC)

Allocations for Capital Account Purposes. (a) For purposes of maintaining the Capital Accounts and in determining the rights of the Members Beneficial Owners among themselves, except as otherwise provided in this Section 3.62, each item of income, gain, loss, expense and deduction (computed in accordance with Section 3.5(b1(b)) shall be allocated to the Members Beneficial Owners in accordance with their respective Percentage Interests. (b) Member B shall be treated as receiving a guaranteed payment equal to an amount corresponding to the allocation described in Section 5.8 hereof.

Appears in 8 contracts

Samples: Trust Agreement (iShares S&P GSCI Commodity-Indexed Trust), Trust Agreement (Wilshire wShares Enhanced Gold Trust), Trust Agreement (iSHARES COMMODITY OPTIMIZED TRUST)

Allocations for Capital Account Purposes. (a) For Except as otherwise set forth in Section 5.01(b), for purposes of maintaining the Capital Accounts and in determining the rights of the Members among themselves, except as otherwise provided in this Section 3.6, each item the Company’s items of income, gain, loss, expense loss and deduction (computed in accordance with Section 3.5(b)) shall be allocated and charged to the Members in accordance with their respective Percentage InterestsSharing Ratios. (b) Member B The following special allocations shall be treated as receiving a guaranteed payment equal made prior to an amount corresponding to the allocation described making any allocations provided for in Section 5.8 hereof.5.01(a) above:

Appears in 7 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (Cheniere Energy Partners, L.P.)

Allocations for Capital Account Purposes. (a) For purposes of maintaining the Capital Accounts and in determining the rights of the Members among themselves, except as otherwise provided in this Section 3.6, each item the Member’s items of income, gain, loss, expense loss and deduction (computed in accordance with Section 3.5(b)Exhibit B) shall be allocated to among the Members in accordance with their respective Percentage Interestseach taxable year (or portion thereof) as provided herein below. (b) Member B shall be treated as receiving a guaranteed payment equal to an amount corresponding to the allocation described in Section 5.8 hereof.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Nexpoint Diversified Real Estate Trust), Limited Liability Company Agreement (Jernigan Capital, Inc.)

Allocations for Capital Account Purposes. (a) For Except as otherwise set forth in Section 6.01(b), for purposes of maintaining the Capital Accounts and in determining the rights of the Members among themselves, except as otherwise provided in this Section 3.6, each item the Company’s items of income, gain, loss, expense loss and deduction (computed in accordance with Section 3.5(b)) shall be allocated and charged to the Members in accordance with their respective Percentage InterestsSharing Ratios. (b) Member B shall be treated as receiving a guaranteed payment equal to an amount corresponding to the allocation described in Section 5.8 hereof.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Williams Partners L.P.), Limited Liability Company Agreement (Williams Partners L.P.)

Allocations for Capital Account Purposes. (a) For Except as otherwise set forth in Section 5.01(b), for purposes of maintaining the Capital Accounts and in determining the rights of the Members among themselves, except as otherwise provided in this Section 3.6, each item the Company’s items of income, gain, loss, expense loss and deduction (computed in accordance with Section 3.5(b)) shall be allocated and charged to the Members in accordance with their respective Percentage InterestsSharing Ratios. (b) Member B The following special allocations shall be treated as receiving a guaranteed payment equal made prior to an amount corresponding to the allocation described making any allocations provided for in Section 5.8 hereof.5.01(a) above:

Appears in 1 contract

Samples: Limited Liability Company Agreement (El Paso Pipeline Partners, L.P.)

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Allocations for Capital Account Purposes. (a) For Except as otherwise set forth in Section 5.1(b), for purposes of maintaining the Capital Accounts and in determining the rights of the Members among themselves, except as otherwise provided in this Section 3.6, each item the Company’s items of income, gain, loss, expense loss and deduction (computed in accordance with Section 3.5(b)) for any fiscal year shall be allocated and charged to the Members in accordance with their respective Percentage Interests. (b) Member B shall be treated as receiving a guaranteed payment equal to an amount corresponding cause, to the allocation described in extent possible, the positive Capital Account balances of the Members (as adjusted to reflect all allocations under Section 5.8 hereof.5.1(b) and all distributions through the end of such fiscal year) to equal, as nearly as possible:

Appears in 1 contract

Samples: Contribution Agreement (Southcross Energy Partners, L.P.)

Allocations for Capital Account Purposes. (a) For Except as otherwise set forth in Section 5.01(b), for purposes of maintaining the Capital Accounts and in determining the rights of the Members among themselves, except as otherwise provided in this Section 3.6, each item the Company’s items of income, gain, loss, expense loss and deduction (computed in accordance with Section 3.5(b)) shall be allocated and charged to the Members in accordance with their respective Percentage InterestsSharing Ratios. (b) Member B shall be treated as receiving a guaranteed payment equal to an amount corresponding to the allocation described in Section 5.8 hereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (El Paso Pipeline Partners, L.P.)

Allocations for Capital Account Purposes. (a) For Except as otherwise set forth in Section 5.01(b), for purposes of maintaining the Capital Accounts and in determining the rights of the Members among themselves, except as otherwise provided in this Section 3.6, each item the Company's items of income, gain, loss, expense loss and deduction (computed in accordance with Section 3.5(b)) shall be allocated and charged to the Members in accordance with their respective Percentage InterestsSharing Ratios. (b) Member B The following special allocations shall be treated as receiving a guaranteed payment equal made prior to an amount corresponding to the allocation described making any allocations provided for in Section 5.8 hereof.5.01(a) above:

Appears in 1 contract

Samples: Unit Purchase Agreement (Cheniere Energy Partners, L.P.)

Allocations for Capital Account Purposes. (a) For Except as otherwise set forth in Section 5.01(b), for purposes of maintaining the Capital Accounts and in determining the rights of the Members among themselves, except as otherwise provided in this Section 3.6, each item the Company’s items of income, gain, loss, expense loss and deduction (computed in accordance with Section 3.5(b)) shall be allocated and charged to the Members in accordance with their respective Percentage InterestsSharing Ratios. (b) Member B The following special allocations shall be treated as receiving a guaranteed payment equal made prior to an amount corresponding to the allocation described making any allocations provided for in Section 5.8 hereof.5.01(a) above: (i)

Appears in 1 contract

Samples: Limited Liability Company Agreement

Allocations for Capital Account Purposes. (a) For Except as otherwise set forth in Section 5.1(b), for purposes of maintaining the Capital Accounts and in determining the rights of the Members among themselves, except as otherwise provided in this Section 3.6, each item the Company’s items of income, gain, loss, expense loss and deduction (computed in accordance with Section 3.5(b)) shall be allocated and charged to the Members to cause, to the extent possible, the positive Capital Account balances of the Members to be in accordance with the same proportion as their respective Percentage InterestsSharing Ratios. (b) Member B The following special allocations shall be treated as receiving a guaranteed payment equal made prior to an amount corresponding to the allocation described making any allocations provided for in Section 5.8 hereof.5.1(a) above:

Appears in 1 contract

Samples: Limited Liability Company Agreement (American Midstream Partners, LP)

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