Decreases in Capital Accounts. Each Partner's Capital Account shall be decreased by (i) the amount of cash and the fair market value of all property distributed to such Partner (net of liabilities assumed by the Partner or to which the property is subject) and (ii) that Partner's allocable share of losses and other items of deduction for federal income tax purposes (excluding any allocations made pursuant to Section 7.02 hereof).
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Samples: Partnership Agreement (SFX Entertainment Inc), Partnership Agreement (Broadway Series Management Group Inc), Partnership Agreement (SFX Entertainment Inc)
Decreases in Capital Accounts. Each Partner's ’s Capital Account shall be decreased by by:
(ia) the amount of cash and money distributed to such Partner by the Partnership;
(b) the fair market value of all property distributed to such Partner by the Partnership (net of liabilities assumed secured by the such distributed property that such Partner assumes or takes subject to); and
(c) allocations to which the property is subject) and (ii) that Partner's allocable share such Partner of losses and other items of deduction for federal income tax purposes (excluding any allocations made pursuant to Section 7.02 hereof)Partnership losses.
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