Common use of Separate Capital Accounts Clause in Contracts

Separate Capital Accounts. Each Partner shall have a separate Capital Account which shall be increased and decreased in accordance with Treasury Regulations §1.704-1(b)(2)(iv).

Separate Capital Accounts. Each Partner Member shall have a separate Capital Account which shall be increased and decreased in accordance with Treasury Regulations §§ 1.704-1(b)(2)(ivl(b)(2)(iv).

Separate Capital Accounts. Each Partner shall have a separate ------------------------- Capital Account which shall be increased and decreased in accordance with Treasury Regulations §1.704(S)1.704-1(b)(2)(iv).