Stated Capital Accounts Sample Clauses

Stated Capital Accounts. There shall be added to the stated capital account in the accounting records of Amalco maintained for:
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Stated Capital Accounts. (a) As a consequence of the issuance of the New Molson Class A Shares, Molson undertakes to credit to the stated capital account maintained for its Class A common shares the amount equal to the product of average stated capital per Molson Class A common share immediately prior to the issuance of the New Molson Class A Shares under the Agreement and all other Molson Share Exchange Agreements relating to the Holding Company Alternative and • , being the number of New Molson Class A Shares issued, the whole in accordance with subsection 26(3) of the Canada Business Corporations Act.
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Stated Capital Accounts. Subject to reduction to effect payments made to Dissenting Shareholders as hereinafter set forth, the aggregate paid-up capital in the records of Amalco shall be the aggregate of the paid-up capital as defined in the Tax Act of Moshi and Moshing immediately prior to the Effective Time. The amount of paid-up capital attributable to the Amalco Shares shall be adjusted to reflect payments that may be made to Dissenting Shareholders.
Sample 1
Stated Capital Accounts. The aggregate stated capital accounts in the records of Amalco shall be the aggregate of the paid up capital (as defined in the Income Tax Act (Canada)) of each of the Amalgamating Corporations less (i) the amount of paid up capital (as so defined) of the CSP Shares held by Newco cancelled on the Amalgamation; and (ii) the amount of paid up capital (as so defined) of the CSP Shares held by Dissenting Shareholders and shall be allocated to the stated capital account for the Amalco Redeemable Preferred Shares and the Amalco Common Shares as follows:
Sample 1
Stated Capital Accounts. Subject to reduction to effect payments made to Dissenting Shareholders, the aggregate stated capital in respect of all the shares of Amalco shall be the aggregate of the "paid-up capital" (as defined in the Tax Act) in respect of all of the shares of the Amalgamating Corporations, less the paid-up capital in respect of the Osum Shares held by WOAC cancelled on the Amalgamation, and such aggregate stated capital shall be allocated to the stated capital account for the Amalco Redeemable Preferred Shares and the stated capital account for the Amalco Common Shares as follows:
Sample 1

Related to Stated 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 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.

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

  • 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).

  • 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.

  • 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.

  • 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.

  • Adjustments to Capital Accounts At the end of each Fiscal Period, the Capital Accounts of the Partners shall be adjusted in the following manner:

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