Calculation of Capital Account. Except as may otherwise be provided herein, whenever it is necessary to determine the capital account of any partner, the capital account of such Partner shall be determined after giving effect to the allocation of the gains, income, loss, deductions, contributions and distributions as of the last day of the preceding calendar quarter.
Appears in 4 contracts
Samples: Agreement of Limited Partnership, Agreement of Limited Partnership, Agreement of Limited Partnership
Calculation of Capital Account. Except as that otherwise may otherwise be provided hereinin the present case, whenever when it is necessary to determine the account of the capital account of any partner, the capital account of such the Partner shall be is determined after giving effect to the allocation provision of the gains, effect of the distribution of profits. income, loss, deductions, contributions contributions, and distributions as of distribution on the last day of the preceding previous calendar quarter.. 6.03
Appears in 1 contract
Samples: Limited Partnership Agreement
Calculation of Capital Account. Except as may otherwise be provided herein, whenever it is necessary to determine the capital account of any partner, the capital account of such Partner shall be determined after giving effect to the allocation of the gains, income, loss, deductions, contributions and distributions as of the last day of the preceding calendar quarter.. 6.03
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Samples: static1.squarespace.com
