Capital Account Adjustments. The following adjustments will be made to each Unit’s Capital Account: 4.4.1 As of the beginning of each Period, such Capital Account will be decreased by the amount of any special charge assessed against such Unit as of the beginning of such Period pursuant to Section 2.3. 4.4.2 As of the end of each Period, such Capital Account will be: (a) tentatively decreased for such Unit’s share of Losses or increased for such Unit’s share of Gains for such Period, in each case determined in accordance with Section 4.2; (b) decreased by the amount of any dividends or distributions on such Unit during such Period; and (c) decreased by any amount specially allocated to that Unit during such Period pursuant to Section 4.3 and any amounts reallocated to such Unit pursuant to Section 4.8.
Appears in 4 contracts
Samples: Limited Partnership Agreement (MA Managed Futures Fund, LP), Limited Partnership Agreement (MA Managed Futures Fund, LP), Limited Partnership Agreement (MA Managed Futures Fund, LP)
Capital Account Adjustments. The following adjustments will be made to each Unit’s 's Capital Account:
4.4.1 As of the beginning of each Period, such Capital Account will be decreased by the amount of any special charge assessed against such Unit as of the beginning of such Period pursuant to Section 2.3.
4.4.2 As of the end of each Period, such Capital Account will be:
(a) tentatively decreased for such Unit’s 's share of Losses or increased for such Unit’s 's share of Gains for such Period, in each case determined in accordance with Section 4.2;
(b) decreased by the amount of any dividends or distributions on such Unit during such Period; and
(c) decreased by any amount specially allocated to that Unit during such Period pursuant to Section 4.3 and any amounts reallocated to such Unit pursuant to Section 4.8.
Appears in 2 contracts
Samples: Limited Partnership Agreement (MA Managed Futures Fund, LP), Limited Partnership Agreement (MA Managed Futures Fund, LP)