Book Capital Accounts. The Book Capital Account balance of each Holder shall be adjusted each day by the following amounts:
(a) increased by any increase in Net Unrealized Gains or decrease in Net Unrealized Losses allocated to such Holder pursuant to Section 5.1(a) hereof;
(b) decreased by any decrease in Net Unrealized Gains or increase in Net Unrealized Losses allocated to such Holder pursuant to Section 5.1(b) hereof;
(c) increased or decreased, as the case may be, by the amount of Profit or Loss, respectively, allocated to such Holder pursuant to Section 5.1(c) hereof;
(d) increased by any Capital Contribution made by such Xxxxxx; and,
(e) decreased by any distribution, including any distribution to effect a withdrawal or Redemption, made to such Holder by the Trust. Any adjustment pursuant to Section 3.2 (a), (b) or (c) above shall be prorated for increases in each Holder's Book Capital Account balance resulting from Capital Contributions, or distributions or withdrawals from the Trust or Redemptions by the Trust occurring, during such Fiscal Year as of the day after the Capital Contribution, distribution, withdrawal or Redemption is accepted, made or effected by the Trust.
Book Capital Accounts. 4 Section 3.3
Book Capital Accounts. The initial book capital account of Contributor to be reflected on the partnership books and records of Acquiror shall be the face amount of the Preferred Partnership Units.
Book Capital Accounts. (a) A Book Capital Account shall be maintained for each Holder of each Portfolio. With respect to each Portfolio, each Holder's Book Capital Account (i) shall be credited with the amount(s) of consideration paid by the Holder to purchase or increase its Interest in that Portfolio and with the Holder's share of that Portfolio's Net Profits, (ii) shall be charged with the Holder's share of that Portfolio's Net Losses, distributions to the Holder, and withholding taxes (if any), and (iii) shall otherwise appropriately reflect transactions of that Portfolio and its Holders. No interest shall be paid on any amount of consideration paid to the Trust to purchase or increase Interests.
(b) The Book Capital Account balances of Holders of each Portfolio shall be determined periodically at such time or times as the Trustees may determine. The power and duty to make calculations necessary to determine such balances may be delegated by the Trustees to an investment adviser, custodian, or such other person as the Trustees may determine.
(c) Notwithstanding anything herein to the contrary, the Book Capital Accounts and any related accounts (including without limitation tax capital accounts and revaluation accounts) of the Holders and of any Portfolio shall at all times during the full term of that Portfolio be determined and maintained in accordance with the requirements of Treasury Regulation ss. 1.704-1(b)(2)(iv). The Trustees are authorized to prescribe, in their sole discretion, such policies for the establishment and maintenance of such accounts ("Policies") as they, in consultation with the Trust's professional advisers, consider to be in accordance with such requirements.
Book Capital Accounts. 50 7.8 Release of Mortgage Note . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 7.9 Contributor's Financing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 7.10 Preferred Partnership Units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
Book Capital Accounts. The "Book Capital Account" balances of Investors shall evidence their beneficial interest in the Partnership or a Series and shall be determined daily at such time or times as the Directors may determine. All determinations of Book Capital Accounts shall be in accordance with Section 704(b) of the Code, and the Treasury regulations promulgated thereunder, including without limitation, Treasury Reg. Sections 1.704-1(b)(2)(iv)(f) and (g) and 1.704-1(b)(4)(i) relating to revaluations of property. The power and duty to determine and maintain the Book Capital Account balances of Investors may be delegated by the Directors to the Investment Adviser, administrator, custodian or such other person as the Directors may determine.
Book Capital Accounts. A Book Capital Account for the Partnership shall be established for each Partner. The initial balance of each Partner’s Book Capital Account shall be the amount of his initial capital contribution to the Partnership less any applicable upfront charges. The balance of a Partner’s Book Capital Account shall be increased or decreased in accordance with subparagraph (d) below and shall be further increased by the amount of any additional capital contributions and decreased by the amount of any redemptions or other distributions attributable to such Partner.
Book Capital Accounts. A capital account (the “Book Capital Account”) for each Member shall be maintained at all times during the term of the Company in accordance with this Section 1.2 and the capital accounting rules set forth in Section 1.704-1(b)(2)(iv) of the Income Tax Regulations, as the same may be amended from time to time (“Income Tax Regulations”). The Company shall make all adjustments required by said Section 1.704-1(b)(2)(iv), including, without limitation, the adjustments contained in Section 1.704-1(b)(2)(iv)(g) of the Income Tax Regulations (relating to “Section 704(c) Property”, as defined in Section 2.3B(1) of this Appendix “A”). In the event that at any time during the term of the Company it shall be determined that the Book Capital Accounts shall not have been maintained as required by this Section 1.2, then said accounts shall be retroactively adjusted so that the same shall conform to this Section 1.2.
Book Capital Accounts. A capital account (the "Book Capital --------------------- ------------ Account") for each Partner shall be maintained at all times during the term of ------- the Partnership in accordance with this Section 1.2 and the capital accounting rules set forth in Section ----------- ------- 1.704-1(b)(2)(iv) and in Section 1.704-2 of the Regulations. In the event that ----------------- --------------- at any time during the term of the Partnership it shall be determined that the Book Capital Accounts shall not have been maintained as required by this Section ------- 1.2, then said accounts shall be retroactively adjusted so that the same shall --- conform to this Section 1.2. -----------
Book Capital Accounts. A capital account (the “Book Capital Account”) for each Partner shall be maintained at all times during the terra of the Partnership in accordance with this Section 1.2 and the capital accounting rules set forth in Section 1.704-1(b)(2)(iv) and in Section 1.704-2 of the Regulations- In the event that at any time during the term of the Partnership it shall be determined that the Book Capital Accounts shall not have been maintained as required by this Section 1.2, then said accounts shall be retroactively adjusted so that the same shall conform to this Section 1.2.
