Decreases to Capital Accounts. Each Partner's Capital Account shall be debited with (i) the amount of money distributed to him by the Partnership; (ii) the amount of his individual liabilities that are assumed by the Partnership (other than liabilities described in Treas. Reg. § 1.704-1(b)(2)(iv)(b)(2) that are assumed by the Partnership and other than decreases in his share of Partnership liabilities within the meaning of Code § 752(b)); (iii) the Gross Asset Value of property distributed to him by the Partnership (net of liabilities securing such distributed property that he is considered to assume or take subject to under Code § 752); (iv) allocations to him of expenditures of the Partnership not deductible in computing Partnership taxable income and not properly chargeable to Capital Account (as described in Code § 705(a)(2)(B)), and (v) allocations to him of Partnership Losses (or item thereof), including loss and deduction described in Treas. Reg. § 1.704-1(b)(2)(iv)(g) (relating to adjustments to reflect book value), but excluding items described in (iv) above and excluding loss or deduction described in Treas. Reg. § 1.704-1(b)(4)(iii) (relating to excess percentage depletion).
Decreases to Capital Accounts. The Capital Account of each Partner shall be decreased by:
Decreases to Capital Accounts. Each Partner’s and Unit Holder’s Capital Account shall be debited with (i) the amount of money distributed to it by the Partnership; (ii) the amount of his individual liabilities that are assumed by the Partnership (other than liabilities described in Regulation section 1.704-l(b)(2)(iv)(b)(2) that are assumed by the Partnership and other than decreases in his share of Partnership liabilities within the meaning of Code section 752(b)); (iii) the Gross Asset Value of property distributed to it by the Partnership (net of liabilities securing such distributed property that he is considered to assume or take subject to under Code section 752); (iv) allocations to it of expenditures of the Partnership not deductible in computing Partnership taxable income and not properly chargeable to Capital Account (as described in Code section 705(a)(2)(B)); and (v) allocation to it of Partnership Losses (or item thereof), including loss and deduction described in Regulation section 1.704-1(b)(2)(iv)(g) (relating to adjustments to reflect book value), but excluding items described in (iv) above and excluding loss or deduction described in Regulation section 1.704-l(b)(4)(iii) (relating to excess percentage depletion), and (vi) allocation of any other items required by Regulation section 1.704-l(b).
Decreases to Capital Accounts. The Company shall decrease a Member's capital account by the following:
