Common use of Decreases in Capital Accounts Clause in Contracts

Decreases in Capital Accounts. The Capital Account of each Member shall be decreased by: (i) the amount of money distributed to such Member by the Company and the fair market value of property distributed to such Member by the Company (net of liabilities secured by such distributed property that such Member is considered to assume or take subject to under Code Section 752); (ii) allocations of expenditures of the Company of the type described in Code Section 705(a)(2)(B); and (iii) allocations of Loss and other items of book loss, including items of loss and deduction described in Treasury Regulations Section 1.704-l(b)(2)(iv)(g), but excluding items described in Treasury Regulations Section 1.704-l(b)(4)(i) or (iii).

Decreases in Capital Accounts. The Capital Account of each Member Partner shall be decreased by: (ia) the amount of money distributed to such Member Partner by the Company Partnership and the fair market value of property distributed to such Member Partner by the Company Partnership (net of liabilities secured by such distributed property that such Member Partner is considered to assume or take subject to under Code Section 752); (iib) allocations of expenditures of the Company Partnership of the type described in Code Section 705(a)(2)(B); and (iiic) allocations of Loss and other items of book loss, including items of loss and deduction described in Treasury Regulations Section 1.704-l(b)(2)(iv)(g1(b)(2)(iv)(g), but excluding items described in Treasury Regulations Section 1.704-l(b)(4)(i1(b)(4)(i) or (iii).

Decreases in Capital Accounts. The Capital Account of each Member shall be decreased by: (i) the amount of money distributed to such Member by the Company and the fair market value of property distributed to such Member by the Company (net of liabilities secured by such distributed property that such Member is considered to assume or take subject to under Code Section 752); (ii) allocations of expenditures of the Company of the type described in Code Section 705(a)(2)(B); and (iii) allocations of Loss and other items of book loss, including items of loss and deduction described in Treasury Regulations Section 1.704-l(b)(2)(iv)(g1(b)(2)(iv)(g), but excluding items described in Treasury Regulations Section 1.704-l(b)(4)(i1(b)(4)(i) or (iii).

Decreases in Capital Accounts. The Capital Account of each Member Partner shall be decreased by: (ia) the amount of money distributed to such Member Partner by the Company Partnership and the fair market value of property distributed to such Member Partner by the Company Partnership (net of liabilities secured by such distributed property that such Member Partner is considered to assume or take subject to under Code Section 752); (iib) allocations of expenditures of the Company Partnership of the type described in Code Section 705(a)(2)(B); and (iiic) allocations of Loss and other items of book loss, including items of loss and deduction described in Treasury Regulations Section 1.704-l(b)(2)(iv)(g1(b)(2) (iv)(g), but excluding items described in Treasury Regulations Section 1.704-l(b)(4)(i1(b)(4)(i) or (iii).