Individual Capital Accounts Sample Clauses

Individual Capital Accounts. (a) Credits to ICAs. Each Provisional Member’s, Active Member’s and Inactive Member’s ICA shall be credited the initial capital contribution made by such Member pursuant to Section Section 6 and, at the end of each Distribution Period, (1) the ICA Required Payment,
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Individual Capital Accounts. The Company shall maintain for each Member an Individual Capital Account that reflects the value of the Member's equity in the Company.
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Individual Capital Accounts. An individual capital account shall be maintained for each Partner and shall be credited with the amount of its Capital Contribution to the Partnership. Each capital account shall be maintained in Canadian currency for tax, accounting and any other purpose. Any Capital Contribution in United States currency by DCC LP Canco is to be converted to Canadian currency in its capital account on the date hereof using a United States dollar/Canadian dollar exchange rate equal to the internal rate of Dow Corning Corporation as at September 30, 2010. No Partner shall be entitled to withdraw any part of its capital account or to receive any Distribution except as provided or permitted in this Agreement. The Partnership Interest of a Partner shall not terminate by reason of there being a negative or a zero balance in its capital account. The Partners shall not be entitled to interest on any amounts standing to their credit in the capital accounts of the Partnership.
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Individual Capital Accounts. An individual capital account (each, an “Individual Capital Account”) shall be established and maintained for each Partner. No Partner shall be entitled to withdraw any part of its Individual Capital Account or to receive any distribution except as provided in this Agreement.
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Individual Capital Accounts. An individual Capital Account shall be maintained for each Partner. The Capital Account of each Partner shall consist of (a) the sum of: (i) cash contributed by the Partner to the Partnership; (ii) the fair market value of any property other than cash contributed by the Partner to the Partnership; (iii) any Profits and any items in the nature of income or gain allocated to the Partner pursuant to this Agreement; and (iv) any other items required to be added thereto pursuant to Regulation Section 1.704-1(b)(2)(iv), less (b) the sum of (i) the amount of all cash distributions by the Partnership to the Partner; (ii) the fair market value of any property other than cash distributed by the Partnership to the Partner; (iii) any Losses and any items in the nature of expenses, losses or deductions allocated to the Partner pursuant to this Agreement, and (iv) any other items required to be subtracted therefrom under Regulation Section 1.704- 1(b)(2)(iv).
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Related to Individual Capital Accounts

  • Book Capital Accounts The Book Capital Account balance of each Holder shall be adjusted each day by the following amounts:

  • Deficit Capital Accounts No Member will be required to pay to the Company, to any other Member or to any third party any deficit balance that may exist from time to time in the Member’s Capital Account.

  • Capital Account (a) There shall be established for each Member on the books of the Company a Capital Account in accordance with Section 704 of the Code and the Treasury Regulations promulgated thereunder.

  • Deficit Capital Account Upon the dissolution of the Company, any Member having a deficit balance in its Capital Account shall contribute to the Company the amount of cash or other assets (at their fair market value) necessary to bring the balance of such Member's Capital Account to zero after taking into account all allocations required by the regulations under Section 704(b) of the Code and all distributions of cash and other assets.

  • Negative Capital Accounts No Member shall be required to pay to any other Member or the Company any deficit or negative balance which may exist from time to time in such Member’s Capital Account (including upon and after dissolution of the Company).

  • Capital Accounts The Company will maintain a Capital Account for each Member on a cumulative basis in accordance with federal income tax accounting principles.

  • Capital Accounts Allocations There shall be established in respect of each Holder a separate capital account in the books and records of the Up-MACRO Holding Trust in respect of the Holder's Capital Contributions to the Up-MACRO Holding Trust (each, a "Capital Account"), to which the following provisions shall apply:

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Capital Accounts of the Partners A. The Partnership shall maintain for each Partner a separate Capital Account in accordance with the rules of Regulations Section l.704-l(b)(2)(iv). Such Capital Account shall be increased by (i) the amount of all Capital Contributions and any other deemed contributions made by such Partner to the Partnership pursuant to this Agreement and (ii) all items of Partnership income and gain (including income and gain exempt from tax) computed in accordance with Section 1.B hereof and allocated to such Partner pursuant to Section 6.1 of the Agreement and Exhibit C thereof, and decreased by (x) the amount of cash or Agreed Value of all actual and deemed distributions of cash or property made to such Partner pursuant to this Agreement and (y) all items of Partnership deduction and loss computed in accordance with Section 1.B hereof and allocated to such Partner pursuant to Section 6.1 of the Agreement and Exhibit C thereof.

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