Common use of Capital Accounts for Each Series Clause in Contracts

Capital Accounts for Each Series. On the Establishment Date, for each series of interests, a separate capital account shall be established on the books of the Partnership for each Partner who holds such series, which shall initially consist of that portion of such Partner’s existing capital account that relates to the assets of such series. Thereafter, the capital account of each Partner who holds any series of interests shall be adjusted in the manner set forth in the Agreement, but on a series by series basis, with respect to (i) capital contributions relating to such series, (ii) that portion of the Partnership’s Net Profits and Net Losses allocated to such series, and (iii) distributions paid in respect of such series.

Capital Accounts for Each Series. On the Establishment Date, for each series of interestsUnits, a separate capital account shall be established on the books of the Partnership for each Limited Partner who holds Units of such series, which shall initially consist of that portion of such Limited Partner’s existing capital account that relates to the assets of such series. Thereafter, the capital account of each Limited Partner who holds any series of interests Units shall be adjusted in the manner set forth in the Agreement, but on a series by series basis, with respect to (i) capital contributions relating to such series, (ii) that portion of the Partnership’s Net Profits and Net Losses allocated to such series, and (iii) distributions paid in respect of such seriesseries of Units.

Capital Accounts for Each Series. On the Establishment Date, for each series of interests, a separate capital account shall be established on the books of the Partnership for each Partner who holds such series, which shall initially consist of that portion of such Partner’s Partner 's existing capital account that relates to the assets of such series. Thereafter, the capital account of each Partner who holds any series of interests shall be adjusted in the manner set forth in the Agreement, but on a series by series basis, with respect to (i) capital contributions relating to such series, (ii) that portion of the Partnership’s 's Net Profits and Net Losses allocated to such series, and (iii) distributions paid in respect of such series.

Capital Accounts for Each Series. On the Establishment Date, for each series of interests, a separate capital account shall be established on the books of the Partnership for each Partner who holds such series, which shall initially consist of that portion of such Partner’s existing capital account that relates to the assets of such series. Thereafter, the capital account of each Partner who holds any series of interests interest shall be adjusted in the manner set forth in the Agreement, but on a series by series basis, with respect to (i) capital contributions relating to such series, (ii) that portion of the Partnership’s Net Profits and Net Losses allocated to such series, and (iii) distributions paid in respect of such series.

Capital Accounts for Each Series. On the Establishment Date, for each series of interests, a separate capital account shall be established on the books of the Partnership for each Partner who holds such series, which shall initially consist of that portion of such Partner’s existing capital account that relates to the assets of such series. Thereafter, the capital account of each Partner who holds any series of interests shall be adjusted in the manner set forth in the Partnership Agreement, but on a series by series basis, with respect to (i) capital contributions relating to such series, (ii) that portion of the Partnership’s Net Profits Income and Net Losses Loss allocated to such series, and (iii) distributions paid in respect of such series.

Capital Accounts for Each Series. On the Establishment Date, for each series of interests, a separate capital account shall be established on the books of the Partnership for each Partner who holds such series, which shall initially consist of that portion of such Partner’s 's existing capital account that relates to the assets of such series. Thereafter, the capital account of each Partner who holds any series of interests interest shall be adjusted in the manner set forth in the Agreement, but on a series by series basis, with respect to (i) capital contributions relating to such series, (ii) that portion of the Partnership’s 's Net Profits and Net Losses allocated to such series, and (iii) distributions paid in respect of such series.