Capital Accounts. (a) The Company shall maintain a separate Capital Account for each Member according to the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.
Appears in 35 contracts
Samples: Operating Agreement (Greenlane Holdings, Inc.), Limited Liability Company Agreement (VictoryBase Corp), Limited Liability Company Agreement (Bioventus Inc.)
Capital Accounts. (a) The Company shall maintain a separate Capital Account for each Member according to the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company the Company’s property.
Appears in 24 contracts
Samples: Limited Liability Company Agreement (Global Gas Corp), Limited Liability Company Agreement (Ryan Specialty Holdings, Inc.), Limited Liability Company Agreement (Ryan Specialty Holdings, Inc.)
Capital Accounts. (a) The Company shall maintain for each Member a separate Capital Account for each Member according to in accordance with the rules of Treasury Regulation Section 1.704-1(b)(2)(ivl(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Each Member’s Capital Accounts Account shall be maintained in accordance with the rules of such Treasury Regulation and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.following provisions:
Appears in 7 contracts
Samples: Operating Agreement (Bloom Energy Corp), Operating Agreement (Bloom Energy Corp), Operating Agreement (Bloom Energy Corp)
Capital Accounts. (a) The Company shall maintain a separate Capital Account for each Member according to the rules of Treasury Regulation Section Regulations section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section Regulations section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation Regulations and Treasury Regulation Section Regulations section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Alpine Summit Energy Partners, Inc.), Limited Liability Company Agreement (Acreage Holdings, Inc.), Limited Liability Company Agreement (Acreage Holdings, Inc.)
Capital Accounts. (a) The Company shall maintain for each Member a separate Capital Account for with respect to each class or series of interests owned by the Member according to the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation and Treasury Regulation Section section 1.704-1(b)(2)(iv)(g1(b)(2)(iv) to reflect a revaluation of Company property.and in accordance with the following provisions:
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Vine Resources Inc.), Limited Liability Company Agreement (Vine Resources Inc.), Limited Liability Company Agreement
Capital Accounts. (a) The Company shall maintain for each Member a separate Capital Account for each Member according to the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation and Treasury Regulation Regulations Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property1.704‑l(b)(2)(iv).
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Clearway Energy LLC), Limited Liability Company Agreement (Clearway Energy, Inc.), Limited Liability Company Agreement (NRG Yield, Inc.)
Capital Accounts. (a) The Company shall maintain a separate Capital Account for each Member Unitholder according to the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager)may, upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation regulation and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.
Appears in 4 contracts
Samples: Amended and Restated Operating Agreement (Pedevco Corp), Operating Agreement (Pedevco Corp), Amended and Restated Operating Agreement (Pedevco Corp)
Capital Accounts. (a) The Company shall maintain a separate Capital Account for each Member according to the rules of Treasury Regulation Regulations Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Regulations Section 1.704-1(b)(2)(iv)(f), and shall, in connection with the execution of this Agreement, the IPO Common Unit Subscription and other transactions taking place in connection therewith, increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation Regulations and Treasury Regulation Regulations Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company the Company’s property.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Smith Douglas Homes Corp.), Limited Liability Company Agreement (Smith Douglas Homes Corp.), Limited Liability Company Agreement (Smith Douglas Homes Corp.)
Capital Accounts. (a) The Company shall maintain for each Member a separate Capital Account for each Member according to in accordance with the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Each Member’s Capital Accounts Account shall be maintained in accordance with the rules of such Treasury Regulation and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.following provisions:
Appears in 4 contracts
Samples: Operating Agreement (Bloom Energy Corp), Operating Agreement (Bloom Energy Corp), Operating Agreement (Bloom Energy Corp)
Capital Accounts. (a) The Company shall establish and maintain a separate capital account (“Capital Account Account”) for each Member according to in accordance with the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts ) and in accordance with the rules of such Treasury Regulation and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.following provisions:
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Ranger Energy Services, Inc.), Limited Liability Company Agreement (Ranger Energy Services, Inc.), Limited Liability Company Agreement (Ranger Energy Services, Inc.)
Capital Accounts. (a) The Company shall maintain a separate Capital Account for each Member according to the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the ManagerManaging Member), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.
Appears in 3 contracts
Samples: Operating Agreement (RMR Group Inc.), Operating Agreement (RMR Group Inc.), Operating Agreement (Reit Management & Research Inc.)
Capital Accounts. (a) The Company shall maintain a separate Capital Account for each Member according to the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the ManagerBoard), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation regulation and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Vertex Energy Inc.), Limited Liability Company Agreement (Vertex Energy Inc.), Limited Liability Company Agreement (Vertex Energy Inc.)
Capital Accounts. (a) The Company LLC shall maintain a separate “Capital Account Account” for each Member Unitholder according to the rules of Treasury Regulation Regulations Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager)LLC may, upon the occurrence of the events specified in Treasury Regulation Regulations Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation regulation and Treasury Regulation Regulations Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company the LLC property.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Sheridan Group Inc), Limited Liability Company Agreement (Sheridan Group Inc), Limited Liability Company Agreement (McCormick & Schmick Holdings, L.L.C.)
Capital Accounts. (a) The Company shall maintain for each Member a separate Capital Account for each Member according to the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation and Treasury Regulation Section section 1.704-1(b)(2)(iv)(g1(b)(2)(iv) to reflect a revaluation of Company property.and in accordance with the following provisions:
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Vine Energy Inc.), Limited Liability Company Agreement (Vine Energy Inc.), Limited Liability Company Agreement (Heckmann CORP)
Capital Accounts. (a) The Company shall maintain a separate Capital Account for each Member according to the rules of Treasury Regulation Regulations Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Regulations Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation Regulations and Treasury Regulation Regulations Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Infinity Natural Resources, Inc.), Limited Liability Company Agreement (I3 Verticals, Inc.), Limited Liability Company Agreement (I3 Verticals, Inc.)
Capital Accounts. (a) The Company shall maintain a separate Capital Account for each Member according to the rules of Treasury Regulation Regulations Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of as determined by the Manager), upon the occurrence of the events specified in Treasury Regulation Regulations Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation Regulations and Treasury Regulation Regulations Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (SmileDirectClub, Inc.), Limited Liability Company Agreement (SmileDirectClub, Inc.)
Capital Accounts. (a) The Company shall maintain a separate Capital Account for each Member according to the rules of Treasury Regulation Regulations Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the ManagerManaging Member), upon the occurrence of the events specified in Treasury Regulation Regulations Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation regulation and Treasury Regulation Regulations Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Bakkt Holdings, Inc.), Limited Liability Company Agreement (VPC Impact Acquisition Holdings)
Capital Accounts. (a) The Company shall maintain for each Member a separate Capital Account for each Member according to the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation section 1,704-l(b)(2)(iv) and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.in accordance with the following provisions:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (SilverSun Technologies, Inc.), Limited Liability Company Agreement (SilverSun Technologies, Inc.)
Capital Accounts. (a) The Company shall establish and maintain a separate “Capital Account Account” for each Member according to the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager)may, upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation regulation and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Tiptree Financial Inc.), Contribution Agreement (Care Investment Trust Inc.)
Capital Accounts. (a) The Company shall maintain a separate Capital Account for each Member according to the rules of Treasury Regulation Regulations Section 1.704-1(b)(2)(iv). For this purpose) and, to the extent consistent with such provisions, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.following provisions:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Intuitive Machines, Inc.), Registration Rights Agreement (Inflection Point Acquisition Corp.)
Capital Accounts. (a) The Company shall maintain a separate Capital Account for each Member according to the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation and Treasury Regulation Section 1.704-1.704- 1(b)(2)(iv)(g) to reflect a revaluation of Company the Company’s property.
Appears in 1 contract
Capital Accounts. (a) The Company shall establish and maintain a separate Capital Account capital account for each Member according to the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with Section 704 of the rules of such Code and the Treasury Regulations promulgated thereunder, including Treasury Regulation and Treasury Regulation Section §1.704-1(b)(2)(iv)(g1(b) (each such capital account, a “Capital Account”). Without limiting the generality of the foregoing, and subject to reflect a revaluation of Company property.Sections 5.1 and 5.4 and paragraphs (b), (c), (d) and (e) below, the Capital Account maintained for each Member shall be equal to:
Appears in 1 contract
Samples: Limited Liability Company Agreement (GP.com Holding Company, LLC.)
Capital Accounts. (a) The Company shall will maintain a separate Capital Account for ---------------- each Member according to the rules of Treasury Regulation Section section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager)may, upon the occurrence of the events specified in Treasury Regulation Section section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation regulation and Treasury Regulation Section section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Muzak Finance Corp)
Capital Accounts. (a) The Company shall establish and maintain a separate "Capital Account ------- Account" for each Member according to the rules of Treasury Regulation Section ------- 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the ManagerBoard of Managers), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation regulation and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Comple Tel LLC)
Capital Accounts. (a) The Company shall establish and maintain a separate Capital Account for each Member according to the rules of Treasury Regulation Regulations Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Regulations Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation Regulations and Treasury Regulation Regulations Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bounty Minerals, Inc.)
Capital Accounts. (a) The Company shall maintain a separate Capital Account for each Member according to the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1.704- 1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Capital Accounts. (a) The Company shall maintain a separate Capital Account for each Member Holder according to the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager)shall, upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation regulation and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.
Appears in 1 contract
Samples: Liability Company Agreement (Heartland Technology Inc)
Capital Accounts. (a) The Company shall establish and maintain a separate Capital Account for each Member according to the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation and Treasury Regulation Section section 1.704-1(b)(2)(iv)(g1(b)(2)(iv) to reflect a revaluation of Company property.and in accordance with the following provisions:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Regency Energy Partners LP)
Capital Accounts. (a) The Company shall maintain a separate Capital Account for each Member according to the rules of Treasury Regulation Section Regulations section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-Regulations section 1.704- 1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation Regulations and Treasury Regulation Section Regulations section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Capital Accounts. (a) The Company shall maintain a separate Capital Account for each Member according a separate capital account ("Capital Account") as provided herein. Such provisions are intended to be in accordance with the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, ) and to be interpreted in accordance therewith and are also intended to result in distributions during winding up of the Company may (being in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation proportion to Sharing Ratios and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) shall be implemented to reflect a revaluation of Company propertyachieve that result.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Tallgrass Energy Partners, LP)
Capital Accounts. (a) The Company shall maintain a separate Capital Account for each Member according to a separate capital account (“Capital Account”) in accordance with the rules prescribed pursuant to Sections 704(b) and (c) of the Internal Revenue Code of 1986, as amended (the “Code”), and the Treasury Regulation Regulations (the “Treasury Regulations”) promulgated thereunder, including but not limited to Treasury Regulations Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.
Appears in 1 contract
Capital Accounts. (a) The Company shall maintain for each Member a separate Capital Account for each Member according to the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation and Treasury Regulation Regulations Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property1.704 l(b)(2)(iv).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Clearway Energy, Inc.)
Capital Accounts. (a) The Company shall will maintain a separate Capital Account for each Member according to the rules of Treasury Regulation Section section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager)may, upon the occurrence of the events specified in Treasury Regulation Section section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation regulation and Treasury Regulation Section section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Muzak Holdings Finance Corp)
Capital Accounts. (a) The Company shall will maintain a separate Capital ---------------- Account for each Member according to the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager)may, upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), - increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation regulation and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) to reflect a - revaluation of Company property.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Muzak Finance Corp)
Capital Accounts. (a) The Company shall establish and maintain a separate Capital Account capital account for each Member according to in accordance with Code Section 704 and the rules of Treasury Regulations promulgated thereunder, including Treasury Regulation Section 1.704-1(b)(2)(iv1(b) (each such capital account, a "Capital Account"). For this purposeWithout limiting the generality of the foregoing and subject to paragraphs (b), (c), (d), (e) and (f) below, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.Account maintained for each Member shall be equal to:
Appears in 1 contract
Samples: Jefferies Group Inc /De/
Capital Accounts. (a) The Company shall maintain a separate Capital Account for each Member according to the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purposeWithout limiting the foregoing, each Member s Capital Account shall initially equal the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules amount of such Treasury Regulation Member s initial Capital Contributions and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.thereafter be adjusted:
Appears in 1 contract
Capital Accounts. (a) The Company shall establish and maintain a separate Capital Account capital account for each Member according to the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with Code Section 704 and the rules of such Treasury Regulations promulgated thereunder, including Treasury Regulation ss.1.704-1(b) (each such capital account, a "Capital Account"). Without limiting the generality of the foregoing and Treasury Regulation Section 1.704-1(b)(2)(iv)(gsubject to paragraphs (b), (c), (d), (e) to reflect a revaluation of Company property.and (f) below, the Capital Account maintained for each Member shall be equal to:
Appears in 1 contract
Samples: Leucadia National Corp
Capital Accounts. (a) The For each Member, the Company shall will maintain a separate Capital Account for each Member according to under the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation ) and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.under these provisions:
Appears in 1 contract
Capital Accounts. (a) The Company shall maintain a separate "Capital Account Account" for each Member according to in accordance with the capital accounting rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion ) of the Manager)Treasury Regulations. Each Member shall have only one Capital Account, upon the occurrence regardless of the events specified Interests owned by the Member and regardless of the time or manner in Treasury Regulation which such Interests were acquired by the Member. Pursuant to the basic rules of Section 1.704-1(b)(2)(iv)(f)1 (b)(2)(iv) of the Treasury Regulations, increase or decrease the balance of each Member's Capital Accounts in accordance with the rules of such Treasury Regulation and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.Account:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Parallel, L.P.)
Capital Accounts. (a) The Company shall maintain a separate Capital Account for each Member according to the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts a separate capital account in accordance with the rules of such applicable to partnerships in Treasury Regulation and Treasury Regulation Regulations Section 1.704-1(b)(2)(iv)(g1(b)(2)(iv) to reflect (a revaluation of Company property“Capital Account”).
Appears in 1 contract
Capital Accounts. (a) The Company shall maintain a separate Capital Account for each Member according to the rules of Treasury Regulation Section 1.704-1.704- 1(b)(2)(iv)) and subject to such other adjustments as are provided for in this Agreement. For this purpose, the Company may (in the discretion of the Manager)shall, upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with the rules of such Treasury Regulation and Treasury Regulation Section 1.704-1(b)(2)(iv)(g) to reflect a revaluation of Company property.Regulation
Appears in 1 contract
Samples: Limited Liability Company Agreement (Digital Landscape Group, Inc.)
Capital Accounts. (a) The Company shall establish and maintain a separate Capital Account capital account for each Member according to the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). For this purpose, the Company may (in the discretion of the Manager), upon the occurrence of the events specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), increase or decrease the Capital Accounts in accordance with Code Section 704 and the rules of such Treasury Regulations promulgated thereunder, including Treasury Regulation and Treasury Regulation Section §1.704-1(b)(2)(iv)(g1(b) (each such capital account, a “Capital Account”). Without limiting the generality of the foregoing and subject to reflect a revaluation of Company property.paragraphs (b), (c), (d), (e) and (f) below, the Capital Account maintained for each Member shall be equal to:
Appears in 1 contract