Common use of Separate Capital Accounts Clause in Contracts

Separate Capital Accounts. The Company shall maintain a separate Capital Account for each Member in accordance with the regulations promulgated under Section 704(b) of the Internal Revenue Code of 1986 as amended (the “Code”). The Capital Account shall reflect the Capital Contributions of each member.

Separate Capital Accounts. The Company shall maintain a A separate Capital Account will be maintained for each Member and Economic Interest Owner. Capital Accounts shall be maintained in a manner corresponding to the capital of the Members and Economic Interest Owners as reported by the Company for federal income purposes, and in accordance with the regulations promulgated under Section 704(b) requirements of the Internal Revenue Code of 1986 as amended (the “Code”Treasury Regulation 1.704-1(b)(2)(iv). The Capital Account shall reflect the Capital Contributions of each member.

Separate Capital Accounts. The Company shall maintain a A separate Capital Account will be maintained for each Member member and economic interest owner. Capital accounts shall be maintained in a manner corresponding to the capital of the Members and Economic Interest Owners as reported by the Company for federal revenue purposes, and in accordance with the regulations promulgated under Section 704(b) requirements of the Internal Revenue Code of 1986 as amended (the “Code”Treasury Regulation 1.704-1(b)(2)(iv). The Capital Account shall reflect the Capital Contributions of each member.4.2

Separate Capital Accounts. The Company shall maintain a A separate Capital Account will be maintained for each Member. For purposes of this Operating Agreement, Capital Accounts shall be maintained for each Member in accordance with the regulations promulgated under Section 704(b) of the Internal Revenue Code of 1986 as amended (the “Code”). The Capital Account shall reflect the Capital Contributions of each memberTreasury Regulations.