Common use of Capital Account Clause in Contracts

Capital Account. A Capital account (“Capital Account”) shall be maintained for the Member on the books of the Company. Such Capital Account shall be adjusted to reflect the Member’s shares of allocations and distributions as provided in Section 16 of this Agreement, and any additional capital contributions to the Company or distributions from the Company. Such Capital Account shall further be adjusted to conform to the Treasury Regulations under Section 704(b) of the Internal Revenue Code of 1986, as amended (the “Code”), as interpreted in good faith by the Member.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (RDA Holding Co.), Limited Liability Company Agreement (RDA Holding Co.), Limited Liability Company Agreement (RDA Holding Co.)

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Capital Account. A Capital account Account (the “Capital Account”) shall be maintained for the Member on the books of the Company. Such Capital Account shall be adjusted to reflect the Member’s shares share of allocations and distributions as provided in Section 16 of this Agreement, and any additional capital contributions by the member to the Company or any distributions from the CompanyCompany to the Member. Such Capital Account shall further be adjusted to conform to the Treasury Regulations under Section 704(b) of the Internal Revenue Code of 1986, as amended (the “Code”), as interpreted in good faith by the Member.

Appears in 3 contracts

Samples: Operating Agreement (Shelby Run Mining Company, LLC), Operating Agreement (Otter Creek Coal, LLC), Operating Agreement (Arch Development, LLC)

Capital Account. A Capital account (“Capital Account”) shall be maintained for the Member on the books of the Company. Such Capital Account shall be adjusted to reflect the Member’s shares of allocations and distributions as provided in Section 16 15 of this Agreement, and any additional capital contributions to the Company or distributions from the Company. Such Capital Account shall further be adjusted to conform to the Treasury Regulations under Section 704(b) of the Internal Revenue Code of 1986, as amended (the “Code”), as interpreted in good faith by the Member.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Roux Laboratories, Inc.), Limited Liability Company Agreement (Roux Laboratories, Inc.), Limited Liability Company Agreement (Roux Laboratories, Inc.)

Capital Account. A Capital account (“Capital Account”) shall be maintained for the each Member on the books of the Company. Such Capital Account shall be adjusted to reflect the each Member’s shares of allocations and distributions as provided in Section 16 14 of this Agreement, and any additional capital contributions to the Company or distributions from the Company. Such Capital Account shall further be adjusted to conform to the Treasury Regulations under Section 704(b) of the Internal Revenue Code of 1986, as amended (the “Code”), as interpreted in good faith by the Managing Member.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Grede Wisconsin Subsidiaries LLC), Limited Liability Company Agreement (Jernberg Industries, LLC)

Capital Account. A Capital account (“Capital Account”) shall be maintained for the Member on the books of the Company, which account shall set forth the Capital of the Member in the Company. Such Capital Account account shall be adjusted to reflect the Member’s 's shares of allocations and distributions as provided in Section 16 15 of this Agreement, and any additional capital contributions to the Company or distributions withdrawals of Capital from the Company. Such Capital Account account shall further be adjusted to conform to the Treasury Regulations under Section 704(b) of the Internal Revenue Code of 1986, as amended (the "Code"), as interpreted in good faith by the Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Lind-Waldock Securities, LLC)

Capital Account. A Capital capital account (“Capital Account”) shall be maintained for the Member on the books of the Company. Such Capital Account shall be adjusted to reflect the Member’s shares of allocations and distributions as provided in Section 16 of this Agreement15 hereof, and any additional capital contributions to the Company or distributions from the Company. Such Capital Account shall further be adjusted to conform to the Treasury Regulations under Section 704(b) of the Internal Revenue Code of 1986, as amended (the “Code”), as interpreted in good faith by the Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (United Rentals North America Inc)

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Capital Account. A Capital capital account ("Capital Account") shall be maintained for the Member on the books of the Company. Such The Capital Account shall be adjusted to reflect the Member’s 's shares of allocations and distributions as provided in Section 16 15 of this Agreement, and any additional capital contributions to the Company or distributions from the Company. Such The Capital Account shall further be adjusted to conform to the Treasury Regulations under Section 704(b) of the Internal Revenue Code of 1986, as amended (the "Code"), as interpreted in good faith by the MemberBoard.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Directv Customer Services Inc)

Capital Account. A Capital account (“Capital Account”) shall be maintained for the Member on the books of the Company, which account shall set forth the Capital of the Member in the Company. Such Capital Account account shall be adjusted to reflect the Member’s shares of allocations and distributions as provided in Section 16 15 of this Agreement, and any additional capital contributions to the Company or distributions withdrawals of Capital from the Company. Such Capital Account account shall further be adjusted to conform to the Treasury Regulations under Section 704(b) of the Internal Revenue Code of 1986, as amended (the “Code”), as interpreted in good faith by the Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (C&G Investments, LLC)

Capital Account. A Capital account ("Capital Account") shall be maintained for the Member on the books of the Company. Such Capital Account shall be adjusted to reflect the Member’s shares 's share of allocations and distributions as provided in Section 16 15 of this Agreement, and any additional capital contributions to the Company or distributions from the Company. Such Capital Account shall further be adjusted to conform to the Treasury Regulations under Section 704(b) of the Internal Revenue Code of 1986, as amended (the "Code"), as interpreted in good faith by the Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Aigis Mechtronics, Inc.)

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