Capital Accounts Not Affected Sample Clauses

Capital Accounts Not Affected. Allocations pursuant to this Section 6.3 are solely for federal, state and local tax purposes and shall not affect, or in any way be taken into account in computing, any Member’s Capital Account or allocable share of Net Income (or items thereof) or Net Loss (or items thereof).
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Capital Accounts Not Affected. Allocations pursuant to this Section 3.3 are solely for federal, state and local tax purposes and shall not affect any Member’s Capital Account or allocable share of Net Income (or items thereof) or Net Loss (or items thereof).
Sample 1

Related to Capital Accounts Not Affected

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

  • 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).

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