Common use of Effect on Capital Accounts Clause in Contracts

Effect on Capital Accounts. The parties understand and agree that their Capital Accounts as of the date hereof shall not be adjusted as a result of the preceding amendments to the LLC Agreement, since these amendments merely alter the allocation of income and losses among the Members after the date hereof.

Appears in 5 contracts

Samples: Second Amendment Agreement, Agreement, Third Amendment Agreement (Marriott International Inc /Md/)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.