Capital Account Ledgers. (a) The Cash Manager shall ensure that each Capital Contribution made by a Partner shall be credited to that Partner’s Capital Account Ledger or, as applicable, debited from that Partner’s Capital Account Ledger where a Capital Distribution has been made pursuant to Section 3.6 of the Guarantor Agreement. The Cash Manager shall record on each Partner’s Capital Account Ledger whether the relevant Capital Contribution was a Cash Capital Contribution or a Capital Contribution in Kind. (b) The Cash Manager shall ensure that each Capital Distribution to a Partner shall be debited to that Partner’s Capital Account Ledger.
Appears in 10 contracts
Samples: Cash Management Agreement, Cash Management Agreement, Cash Management Agreement
Capital Account Ledgers. (a) The Cash Manager shall ensure that each Capital Contribution made by a Partner shall be credited to that Partner’s 's Capital Account Ledger or, as applicable, debited from that Partner’s 's Capital Account Ledger where a Capital Distribution has been made pursuant to Section 3.6 of the Guarantor LP Agreement. The Cash Manager shall record on each Partner’s 's Capital Account Ledger whether the relevant Capital Contribution was a Cash Capital Contribution or a Capital Contribution in Kind.
(b) The Cash Manager shall ensure that each Capital Distribution to a Partner shall be debited to that Partner’s 's Capital Account Ledger.
Appears in 4 contracts
Samples: Cash Management Agreement (RBC Covered Bond Guarantor Limited Partnership), Cash Management Agreement, Cash Management Agreement (RBC Covered Bond Guarantor Limited Partnership)
Capital Account Ledgers. (a) The Cash Manager shall ensure that each Capital Contribution made by a Partner shall be credited to that Partner’s 's Capital Account Ledger or, as applicable, debited from that Partner’s 's Capital Account Ledger where a Capital Distribution has been made pursuant to Section 3.6 of the Guarantor Limited Partnership Agreement. The Cash Manager shall record on each Partner’s 's Capital Account Ledger whether the relevant Capital Contribution was a Cash Capital Contribution or a Capital Contribution in Kind.
(b) The Cash Manager shall ensure that each Capital Distribution to a Partner shall be debited to that Partner’s 's Capital Account Ledger.
Appears in 1 contract
Samples: Cash Management Agreement
