Reduction of Capital Accounts. Any distribution to a Member pursuant to this Section 7, shall reduce the amount of such Member's Capital account in accordance with Section 3.3, above, but no adjustment in the Percentage Interest of any Member shall be made on account of any such distribution.
Appears in 2 contracts
Samples: Operating Agreement (Vertical Computer Systems Inc), Operating Agreement (Vertical Computer Systems Inc)
Reduction of Capital Accounts. Any distribution to a Member Member, whether pursuant to Sections 6.5 or 6.6 or any other Section of this Section 7Agreement, shall reduce the amount of such Member's Capital account Account in accordance with Section 3.3, above2.A. of the Tax Allocations Exhibit, but no adjustment in the Percentage Interest of any Member shall be made on account of any such distribution, except as otherwise specifically provided in this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Chelsea Gca Realty Inc), Limited Liability Company Agreement (Chelsea Gca Realty Partnership Lp)
Reduction of Capital Accounts. Any distribution to a Member Member, whether pursuant to Section 4.7 or Section 9.2.3, or any other section of this Section 7Agreement, shall reduce the amount of such Member's ’s Capital account Account in accordance with Section 3.3, above3.7, but no adjustment in the Percentage Interest number of Units owned by any Member shall be made on account of any such distribution, except as otherwise specifically provided in this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Intrexon Corp)
Reduction of Capital Accounts. Any distribution to a Member Member, whether pursuant to Sections 4.9 or 4.10 or any other Section of this Section 7Agreement, shall reduce the amount of such Member's ’s Capital account Account in accordance with Section 3.3, above3.8, but no adjustment in the Percentage Interest Interest, Member Development Percentage or Member Property Percentage of any Member shall be made on account of any such distribution, except as otherwise specifically provided in this Agreement.
Appears in 1 contract
Samples: Contribution and Formation Agreement (Cousins Properties Inc)
Reduction of Capital Accounts. Any distribution to a Member pursuant to this Section 7, shall reduce the amount of such Member's Capital account in accordance with Section 3.3, above, Account but no adjustment in the Percentage Interest of any Member shall be made on account of any such distribution.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Weatherford International Inc /New/)
Reduction of Capital Accounts. Any distribution to a Member pursuant to this Section 7, 7 shall reduce the amount of such Member's Capital account in accordance with Section 3.3, above, but no adjustment in the Percentage Interest of any Member shall be made on account of any such distribution.
Appears in 1 contract
Samples: Operating Agreement (Vertical Computer Systems Inc)
Reduction of Capital Accounts. Any distribution to a Member Member, pursuant to any provision of this Section 7Agreement, shall reduce the amount of such Member's Capital account Account in accordance with Section 3.32.A of Exhibit B, abovethe Tax Allocations Exhibit, but no adjustment in the Percentage Interest of any Member shall be made on account of any such distribution, except as otherwise specifically provided in this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (CNL Hospitality Properties Inc)
Reduction of Capital Accounts. Any distribution to a Member Member, whether pursuant to SECTIONS 6.5 or 6.6 or any other Section of this Section 7Agreement, shall reduce the amount of such Member's Capital account Account in accordance with Section 3.3, aboveSECTION 2.A. of the Tax Allocations Exhibit, but no adjustment in the Percentage Interest of any Member shall be made on account of any such distribution, except as otherwise specifically provided in this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Chelsea Gca Realty Inc)
