Common use of FMV CAPITAL ACCOUNTS Clause in Contracts

FMV CAPITAL ACCOUNTS. The FMV capital accounts shall be increased and decreased as follows: 5.2.1 The FMV capital account of a Party shall be increased by: (i) the amount of money and the FMV (as of the date of contribution) of any property contributed by such Party to the Partnership (net of liabilities assumed by the Partnership or to which the contributed property is subject); (ii) that Party's share of Partnership items of income or gain, allocated in accordance with Sec. 6.1; and (iii) that Party's share of any Code ss.705(a)(1)(B) item. 5.2.2 The FMV capital account of a Party shall be decreased by: (i) the amount of money and the FMV of property distributed to a Party (net of liabilities assumed by such Party or to which the property is subject); (ii) that Party's Sec. 6.1 allocated share of Partnership loss and deductions, or items thereof; and, (iii) that Party's share of any Code ss.705(a)(2)(B) item.

FMV CAPITAL ACCOUNTS. The FMV capital accounts shall be increased and decreased as follows: 5.2.1 The FMV capital account of a Party shall be increased by: (i) the amount of money and the FMV (as of the date of contribution) of any property contributed by such Party to the Partnership (net of liabilities assumed by the Partnership or to which the contributed property is subject); (ii) that Party's ’s share of Partnership items of income or gain, allocated in accordance with Sec. 6.16.0; and (iii) that Party's ’s share of any Code ss.705(a)(1)(B) item§705(a)(1)(B)item. 5.2.2 The FMV capital account of a Party shall be decreased by: (i) the amount of money and the FMV of property distributed to a Party (net of liabilities assumed by such Party or to which the property is subject); (ii) that Party's ’s Sec. . 6.1 allocated share of Partnership loss and deductions, or items thereof; and, (iii) that Party's ’s share of any Code ss.705(a)(2)(B§705(a)(2)(B) item.

FMV CAPITAL ACCOUNTS. The FMV capital accounts shall be increased and decreased as follows: 5.2.1 The FMV capital account of a Party shall be increased by: (i) the amount of money and the FMV (as of the date of contribution) of any property contributed by such Party to the Partnership (net of liabilities assumed by the Partnership or to which the contributed property is subject); (ii) that Party's ’s share of Partnership items of income or gain, allocated in accordance with Sec. 6.1; and (iii) that Party's ’s share of any Code ss.705(a)(1)(B) item§705(a)(1)(B)item. 5.2.2 The FMV capital account of a Party shall be decreased by: (i) the amount of money and the FMV of property distributed to a Party (net of liabilities assumed by such Party or to which the property is subject); (ii) that Party's Sec. . 6.1 allocated share of Partnership loss and deductions, or items thereof; and, (iii) that Party's share of any Code ss.705(a)(2)(B§705(a)(2)(B) item.

FMV CAPITAL ACCOUNTS. The FMV capital accounts shall be increased and decreased as follows: 5.2.1 The FMV capital account of a Party shall be increased by: (i) the amount of money and the FMV (as of the date of contribution) of any property contributed by such Party to the Partnership (net of liabilities assumed by the Partnership or to which the contributed property is subject); (ii) that Party's ’s share of Partnership items of income or gain, allocated in accordance with Sec. 6.10; and (iii) that Party's ’s share of any Code ss.705(a)(1)(B) item§705(a)(1)(B)item. 5.2.2 The FMV capital account of a Party shall be decreased by: (i) the amount of money and the FMV of property distributed to a Party (net of liabilities assumed by such Party or to which the property is subject); (ii) that Party's ’s Sec. . 6.1 allocated share of Partnership loss and deductions, or items thereof; and, (iii) that Party's ’s share of any Code ss.705(a)(2)(B§705(a)(2)(B) item.