Capital Accounts Generally Sample Clauses

Capital Accounts Generally. (a) Except as otherwise provided in this Agreement, whenever it is necessary to determine the Capital Account of any Member for any purpose hereunder, the Capital Account of such Member shall be determined after giving effect to all adjustments provided for in Section 4.5 for the current Fiscal Year in respect of transactions effected prior to the date such determination is to be made.
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Capital Accounts Generally. There shall be established on the books of the Fund a capital account for each Shareholder which shall reflect the value of such Shareholder's interest in the Fund (hereinafter a "Capital Account"), which Capital Account shall initially be equal to such Shareholder's Capital Contribution and shall thereafter be adjusted in accordance with the following provisions:
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Capital Accounts Generally. The Members may not withdraw capital or receive any distributions, except as specifically provided in this Agreement. No interest will be paid by the Company on any Capital Contributions or Capital Accounts.
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Capital Accounts Generally. (a)Each Member shall have a single, separate Capital Account, and the Manager shall maintain each Capital Account in accordance with Treasury Regulations Sections 1.704-1(b)(2)(iv) and 1.704-2. Consistent therewith, each Member's Capital Account shall be:
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Capital Accounts Generally. A capital account shall be established for each Partner and shall be maintained in accordance with standard tax accounting principles as established under Treas. Reg. 1.704-1(b)(2)(iv) of the Internal Revenue Code of 1986, as amended (the "Code"), or any successor provision.
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Capital Accounts Generally. In addition to the rules set forth elsewhere herein regarding the maintenance of the Capital Accounts, the following rules shall apply.
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Capital Accounts Generally. (a) Except as otherwise provided in this Agreement, whenever it is necessary to determine the capital account of any Member for any purpose hereunder, the capital account of the Member shall be determined after giving effect to the allocation for the Company’s current year of net income and net losses from operations, and all distributions for such year. Loans by any Member to the Company shall not be considered contributions to the capital of the Company, nor shall payments of interest or principal on such loans be considered reductions in the capital account of any lending Member.
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Capital Accounts Generally 
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Related to Capital Accounts Generally

  • Capital Accounts and Allocations (a) CAPITAL ACCOUNTS. A separate capital account (a "Capital Account") shall be established and maintained for each Member, which shall initially be equal to the Capital Contribution of such Member as set forth on Schedule A hereto. Such Capital Accounts shall be maintained in accordance with Section 1.704-1(b)(2)(iv) of the Treasury Regulations, and this Section 5.2 shall be interpreted and applied in a manner consistent with said Section of the Treasury Regulations. The Capital Accounts shall be maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no effect on the amount of any distributions to any Members in liquidation or otherwise. The amount of all distributions to Members shall be determined pursuant to Sections 5.3, 5.4 and 5.5.

  • Capital Accounts Allocations There shall be established in respect of each Holder a separate capital account in the books and records of the Up-MACRO Holding Trust in respect of the Holder's Capital Contributions to the Up-MACRO Holding Trust (each, a "Capital Account"), to which the following provisions shall apply:

  • Capital Accounts of the Partners A. The Partnership shall maintain for each Partner a separate Capital Account in accordance with the rules of Regulations Section l.704-l(b)(2)(iv). Such Capital Account shall be increased by (i) the amount of all Capital Contributions and any other deemed contributions made by such Partner to the Partnership pursuant to this Agreement and (ii) all items of Partnership income and gain (including income and gain exempt from tax) computed in accordance with Section 1.B hereof and allocated to such Partner pursuant to Section 6.1 of the Agreement and Exhibit C thereof, and decreased by (x) the amount of cash or Agreed Value of all actual and deemed distributions of cash or property made to such Partner pursuant to this Agreement and (y) all items of Partnership deduction and loss computed in accordance with Section 1.B hereof and allocated to such Partner pursuant to Section 6.1 of the Agreement and Exhibit C thereof.

  • Capital Accounts The Company will maintain a Capital Account for each Member on a cumulative basis in accordance with federal income tax accounting principles.

  • Adjustments to Capital Accounts At the end of each Fiscal Period, the Capital Accounts of the Partners shall be adjusted in the following manner:

  • Adjustments Generally The Exercise Price and the number of shares of Common Stock (or other securities or property) issuable upon exercise of this Warrant shall be subject to adjustment from time to time upon the occurrence of certain events, as provided in this Article IV.

  • Negative Capital Accounts No Member shall be required to pay to any other Member or the Company any deficit or negative balance which may exist from time to time in such Member’s Capital Account (including upon and after dissolution of the Company).

  • Book Capital Accounts The Book Capital Account balance of each Holder shall be adjusted each day by the following amounts:

  • Deficit Capital Accounts No Member will be required to pay to the Company, to any other Member or to any third party any deficit balance that may exist from time to time in the Member’s Capital Account.

  • Capital Account (a) There shall be established for each Member on the books of the Company a Capital Account in accordance with Section 704 of the Code and the Treasury Regulations promulgated thereunder.

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