Common use of Positive Adjustments Clause in Contracts

Positive Adjustments. Each Member’s Capital Account shall be increased by: (a) the amount of its Capital Contributions to the Company, including the Book Value of Capital Contributions of property contributed by a Member to the Company (net of liabilities securing such contributed property that the Company is considered to assume or take subject to); and (b) the amount of Profits and items of income or gain allocated to it pursuant to this Agreement, including, without limitation, Section E.2, Section E.3, and Section E.4.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Trinity Place Holdings Inc.), Stock Purchase Agreement (Trinity Place Holdings Inc.)

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Positive Adjustments. Each Member’s Capital Account shall be increased by:: ​ ​ (a) the amount of its Capital Contributions to the Company, including the Book Value of Capital Contributions of property contributed by a Member to the Company (net of liabilities securing such contributed property that the Company is considered to assume or take subject to); and (b) the amount of Profits and items of income or gain allocated to it pursuant to this Agreement, including, without limitation, Section E.2, Section E.3, and Section E.4.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Trinity Place Holdings Inc.)

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Positive Adjustments. Each Member’s Member shall have a Capital Account, which Capital Account shall be increased by: (a) the amount of its cash Capital Contributions to the Company, including Company pursuant to Section 3.1 or otherwise and the Book Value of Capital Contributions of property contributed by a Member to the Company (net of liabilities securing such contributed property that the Company is considered to assume or take subject toto under Section 752 of the Code); and; (b) the amount of Profits and items of income or gain allocated to it pursuant to this Agreement, including, without limitation, Section E.2Sections B.3, Section E.3, B.4 and Section E.4B.5; and (c) any positive adjustment to such Member’s capital account by reason of an adjustment to the Book Value of the assets of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (China Hydroelectric Corp)

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