Decrease. To each Member's Capital Account there shall be debited the amount of cash and the fair market value of any Company property distributed to such Member pursuant to any provision of this Agreement, such Member's distributive share of losses, and any other items in the nature of expenses or losses that are specially allocated pursuant to Article VII hereof.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Student Loan Funding LLC), Limited Liability Company Agreement (Student Loan Funding LLC)
Decrease. To From each Member's ’s Capital Account there shall be debited deducted the amount of cash and the fair market value Value of any Company property (net of liabilities secured by the property that the Member is considered to assume, or take subject, under Code Section 752) distributed to such Member pursuant to any provision of this Agreement, such Member's ’s distributive share of lossesLosses, and any other items in the nature of expenses or losses that are specially allocated pursuant to Article VII V hereof, and the amount of any liabilities of such Member that are assumed by the Company or that are secured by any property contributed by such Member to the Company.
Appears in 2 contracts
Samples: Operating Agreement (Cornerstone Core Properties REIT, Inc.), Operating Agreement (Cornerstone Healthcare Plus Reit, Inc.)
Decrease. To each Member's ’s Capital Account there shall be debited the amount of cash and the fair market value Value of any Company property distributed to such Member pursuant to any provision of this Agreement, such Member's ’s distributive share of losses, Net Losses and any other items in the nature of expenses or losses that are specially allocated pursuant to Article VII hereofVI, and the amount of any liabilities of such Member that are assumed by the Company or that are secured by any property contributed by such Member to the Company.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
