Capital Contributions Capital Accounts Tax Allocations Tax Matters Sample Clauses

Capital Contributions Capital Accounts Tax Allocations Tax Matters. SECTION 5.01 Initial Capital Contributions. The Partners have made, on or prior to the date hereof, Capital Contributions and have acquired the number of Units as specified in the books and records of the Partnership. SECTION 5.02
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Capital Contributions Capital Accounts Tax Allocations Tax Matters. 5 5.1 Initial Capital Contributions 5 5.2 No Additional Capitol Contributions; Additional Funds 5 5.3 Capital Accounts 6 5.4 Allocations of Profits and Losses 7 5.5 Special Allocations 7 5.6 Curative Allocations 8 5.7 Other Allocation Rules 8 5.8 Code Section 704(c): Tax Allocations 9 5.9 Tax Withholding 11 5.10 Successors in Interest 11 5.11 Other Tax Matters 11 5.12 Tax Classification 13 5.13 Tar Elections 13 ARTICLE VI BOOKS AND RECORDS; REPORTS 13
Capital Contributions Capital Accounts Tax Allocations Tax Matters 

Related to Capital Contributions Capital Accounts Tax Allocations Tax Matters

  • Tax Allocations Code Section 704(c).

  • 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.

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