Common use of CREDITING ACCOUNTS Clause in Contracts

CREDITING ACCOUNTS. Items of income, gains, expenses, deductions, losses and credits shall be credited or debited, as the case may be, to each Member’s Capital Account created pursuant to Section 3.4 as provided in this Article.

Appears in 4 contracts

Samples: Operating Agreement (Liquidmetal Technologies Inc), Asset Purchase and Contribution Agreement (Liquidmetal Technologies Inc), Operating Agreement (Liquidmetal Technologies Inc)

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CREDITING ACCOUNTS. Items of income, gains, expenses, deductions, losses and credits shall be credited or debited, debited as the case may be, to each MemberPartner’s Capital Account created pursuant to Section 3.4 capital account as provided in this ArticleSection 2.4 hereof and pursuant to the adjustments described in Section 3.4 hereof.

Appears in 1 contract

Samples: Partnership Agreement (Roadhouse Grill Inc)

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