Common use of Tax Capital Accounts Clause in Contracts

Tax Capital Accounts. The Tax Capital Account balance of each Holder shall be adjusted at the following times by the following amounts: (a) increased daily by the adjusted tax bases of any Capital Contribution made by such Holder to the Trust; (b) increased daily by the amount of Taxable Income and Tax- Exempt Income allocated to such Holder pursuant to Section 5.2 hereof at such times as the allocations are made under Section 5.2 hereof; (c) decreased daily by the amount of cash distributed to the Holder pursuant to any of these procedures including any distribution made to effect a withdrawal or Redemption; and (d) decreased by the amount of Tax Loss allocated to such Holder pursuant to Section 5.2 hereof at such times as the allocations are made under Section 5.2 hereof.

Tax Capital Accounts. The Tax Capital Account balance of each Holder shall be adjusted at the following times by the following amounts: (a) increased daily by the adjusted tax bases of any Capital Contribution made by such Holder to the Trust; (b) increased daily by the amount of Taxable Income and Tax- Tax-Exempt Income allocated to such Holder pursuant to Section 5.2 hereof at such times as the allocations are made under Section 5.2 hereof; (c) decreased daily by the amount of cash distributed to the Holder pursuant to any of these procedures including any distribution made to effect a withdrawal or Redemption; and (d) decreased by the amount of Tax Loss allocated to such Holder pursuant to Section 5.2 hereof at such times as the allocations are made under Section 5.2 hereof.