Capital Account Balance. Except as otherwise provided in this Agreement, whenever it is necessary to determine the Capital Account balance of any Member, the Capital Account balance of such Member shall be determined after giving effect to all allocations pursuant to Sections 6.01 and 6.02 and all contributions and distributions made prior to the time as of which such determination is to be made.
Capital Account Balance. The parties specifically acknowledge that the RUs issued under this Agreement will have an initial capital account balance of $0, which is consistent with the parties understanding that that the Holder’s initial interest will be a “profit interest.”
Capital Account Balance. 5 3.3 Payment to APS.......................................... 5 3.4 Allocation.............................................. 5 3.5 Closing................................................. 5 3.6
Capital Account Balance. In exchange for the Contributed Assets contributed by APS to LLC in accordance with this Agreement, in addition to the consideration described in Section 3.3 below, APS will receive on the Closing Date described below in accordance with the LLC Agreement, (a) an initial capital account credit in LLC equal to One Million Five Hundred Thousand Dollars ($1,500,000.00) and (b) a membership interest in LLC that represents a fifty percent (50%) ownership interest in LLC.
Capital Account Balance. 20 Section 3.3
Capital Account Balance. A Venturer's capital account (a) shall be credited with (i) its contributions of cash or cash equivalents contributed to the capital of the Venture and (ii) its allocable share of Venture profits, and (b) shall be debited with (i) its allocable share of Venture losses and (ii) the amount of any distributions to it of cash or cash equivalents by the Venture. No credit or debit shall be made for contributions or distributions of any property other than cash and cash equivalents. Such capital account shall otherwise be maintained in accordance with Treasury Regulations promulgated under Section 704(b) of the Code.
Capital Account Balance. 9 17.4 Distributions in Kind. . . . . . . . . . . . . . . . . . 9 17.5
Capital Account Balance. To the Partners in accordance with the Partnership Percentages, adjusted to the date of distribution. For the purpose of the application of paragraph of this Agreement and determining the Partnership Percentages on liquidation, all unrealized gains, losses and accrued income and deductions will be treated as realized and recognized immediately before the date of distribution.
Capital Account Balance. A Venture capital account shall be established for each Party, and shall be maintained in such a manner as to correspond with the capital of the Venture. A Party's capital account:
a. shall be credited with:
(i) the contribution of cash or cash equivalent to the capital of the Venture, and
(ii) the allocable share of Venture income and gains; and,
b. shall be debited with:
(i) the allocable share of deductions and losses, and
(ii) the amount of any distributions to a Party by the Venture.
Capital Account Balance. No later than thirty (30) days following the date hereof, Sellers will provide Buyers with the amount of the Capital Account Balance as of December 31, 2020; provided that nothing contained in this Section 7.20(e) shall limit or modify the restrictions and obligations set forth in Section 7.2 and Section 7.3 hereof.
