Capital Account Allocations. A separate Capital Account shall be established and maintained with respect to the Series F Preferred Interest, with adjustments thereto and other allocations of Partnership items made consistent with the Regulations and the advice of the Partnership's independent accountants.
Capital Account Allocations. (a) Except as provided in Section 10.2(h), as of the last calendar day of each Accounting Period, the Capital Account of each Shareholder shall initially be credited to reflect the Net Profit or debited to reflect the Net Loss of the Trust during such Accounting Period, pro rata in proportion to the Shareholders’ respective Capital Account balances at the beginning of the Accounting Period. All calculations of Net Profit and Net Loss shall be made after deduction for all general, administrative, and other operating expenses of the Trust and any amounts necessary, in the Trustee’s sole discretion, as appropriate reserves therefor.
Capital Account Allocations. Except as provided in Section 5.1(c) and Appendix B hereto, for Capital Account purposes, all items of income, gain, loss and deduction shall be allocated among the Partnership Unit Holders in accordance with their Percentage Interests, provided that:
Capital Account Allocations. (a) The Profits or Losses of the Company shall be allocated among the Capital Accounts of the Members with respect to each Fiscal Year as of the end of such Fiscal Year in the proportion that the Units held by each Member bear to the Units held by all Members. Unless otherwise provided in this Agreement, every item of income, gain, loss and deduction entering into the computation of Profits or Losses shall be allocated to the Members in the same proportions as the allocation of Profits or Losses for that period.
Capital Account Allocations. For purposes of maintaining the Capital Accounts and determining the rights of the General Partner and the Record Holders among themselves, each item of income, gain, loss and deduction shall be allocated among the General Partner and the Record Holders in the following manner:
Capital Account Allocations. Except as otherwise provided in Section 4.3, and except to the extent prohibited by the Code and Treasury Regulations, profits and losses for any Fiscal Year will be allocated, after the hypothetical liquidation defined in the next sentence, among the Members in such a manner that, as of the end of such Fiscal Year, the sum of (a) such Member’s Capital Account, (b) such Member’s share of “partnership minimum gain” (as defined and determined in accordance with Treas. Reg. §§ 1.704-2(b)(2) and 1.704-2(d)), and (c) such Member’s share of “partner nonrecourse debt minimum gain” (as defined and determined in accordance with Treas. Reg. § 1.704-2(i)(2) and 1.704- 2(i)(3)), will be equal to the respective net amounts, positive or negative, that would be distributed to it pursuant to Section 12.2(b) or for which it would be liable to the Company under the Maryland Act. The allocation in the immediately preceding sentence will be determined as if the Company were first to liquidate the assets of the Company for an amount equal to their book values and distribute the proceeds of liquidation pursuant to Section 12.2.
Capital Account Allocations. Except as otherwise required by Section 9.2, Profit and Loss of the Company shall be allocated to the Members as of the close of business on the last day of any Fiscal Period in a manner that, after taking into account all Capital Contributions and Distributions during such Fiscal Period, causes, to the extent possible, the Capital Account balances of each Member to equal the amount such Member would receive as a distribution if all assets of the Company as of such date were sold for cash equal to their Carrying Values (assuming for this purpose only that the Carrying Value of an asset that secures a nonrecourse liability for purposes of Treasury Regulations Section 1.1001-2 is no less than the amount of such liability that is allocated to such asset in accordance with Treasury Regulations Section 1.704-2(d)(2)), all the Company’s liabilities were satisfied to the extent required by their terms and the net proceeds were distributed pursuant to Section 10.1(b), reduced by such Member’s share of Company Minimum Gain, as determined pursuant to Treasury Regulations Section 1.704-2(g) and Member Minimum Gain, as determined pursuant to Treasury Regulations Section 1.704-2(i)(5), in each case, as of the end of such Fiscal Period.
Capital Account Allocations. Except as otherwise provided in Section 4.3 or Section 4.4, and except to the extent prohibited by the Code and Treasury Regulations, Profits and Losses for any Fiscal Year will be initially allocated among the Unitholders in such a manner that, as of the end of such Fiscal Year, the sum of such Unitholder’s Capital Account, share of Minimum Gain and Partner Minimum Gain will be equal to the respective net amounts, positive or negative, that would be distributed to such Unitholder pursuant to Section 13.2(a)(iii) (assuming a hypothetical liquidation in which the Company liquidated the assets of the Company for an amount equal to their Book Value and distributed the liquidation proceeds pursuant to Section 13.2) or for which such Unitholder would be liable to the Company under the Delaware Act.
Capital Account Allocations. 10 Section 4.04 Changes of Interest......................................13 Section 4.05
Capital Account Allocations. (a) Subject to the Incentive Allocation, as of the last Business Day of each Accounting Period, the Capital Account of each Member, including the Managing Member, shall initially be credited to reflect the Net Profit or debited to reflect the Net Loss of the Company during such Accounting Period, pro rata in proportion to the Members' respective Capital Account balances at the beginning of the Accounting Period. All calculations of Net Profit and Net Loss and the calculation of the Incentive Allocation shall be made after deduction for all general, administrative, and other operating expenses of the Company (but excluding the Company's Incentive Allocation) and any amounts necessary, in the Company's discretion, as appropriate reserves therefor.
