Common use of Book Capital Accounts Clause in Contracts

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. The "“Book Capital Account" ” balances of Investors shall evidence their beneficial interest in the Partnership Fund or a Series and shall be determined daily or at such time or times as the Board of 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 Regulations §§ 1.704-1(b)(2)(iv)(f) and (g) and 1.704-1(b)(4)(i) relating to revaluations of propertyproperty as provided in Appendix A hereto. 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. The "Book Capital Account" Account balances of Investors Holders shall evidence their beneficial interest in the Partnership Trust (or a Series series thereof) and shall be determined daily at such time or times as the Directors Trustees 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 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 Holders may be delegated by the Directors Trustees to the Investment Adviser, administratorAdministrator, custodian or such other person as the Directors Trustees may determine.