General Maintenance. The Company will establish and maintain a Capital Account for each Member on a monthly basis. A Member's Capital Account Balance will be: (1) increased by: (i) the amount of any money the Member contributes to the Company's capital (including reinvestment of his, her, or its portion of distribution); and (ii) the Member's share of the Company’s Profits and any separately stated items of income or gain; and (2) decreased by: (i) the amount of any money the Company distributes to the Member; (ii) the Member's share of the Company’s Losses and any separately stated items of deduction or loss; and (iii) the amount of any withdrawals or redemption made by the Members in accordance with Section 3.3 above.
Appears in 6 contracts
Samples: Limited Liability Company Operating Agreement (LK Secured Lending Reg a Fund, LLC), Limited Liability Company Operating Agreement (LK Secured Lending Reg a Fund, LLC), Limited Liability Company Operating Agreement (LK Secured Lending Reg a Fund, LLC)
General Maintenance. The Company will establish and maintain a Capital Account for each Member on a monthly basis. A Member's ’s Capital Account Balance will be:
(1) increased by: (i) the amount of any money the Member contributes to the Company's ’s capital (including reinvestment of his, her, or its portion of distribution); and (ii) the Member's ’s share of the Company’s Profits and any separately stated items of income or gain; and
(2) decreased by: (i) the amount of any money the Company distributes to the Member; (ii) the Member's ’s share of the Company’s Losses and any separately stated items of deduction or loss; and (iii) the amount of any withdrawals or redemption made by the Members in accordance with Section 3.3 above.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Circle of Wealth Fund III LLC), Limited Liability Company Operating Agreement (Circle of Wealth Fund III LLC)
