Capital Account definition

Capital Account means, with respect to any Member, the Capital Account maintained for such Member in accordance with the following provisions:

Capital Account has the meaning provided in Section 4.4 hereof.

Capital Account means the capital account maintained for a Partner pursuant to Section 5.5. The “Capital Account” of a Partner in respect of any Partnership Interest shall be the amount that such Capital Account would be if such Partnership Interest were the only interest in the Partnership held by such Partner from and after the date on which such Partnership Interest was first issued.

Examples of Capital Account in a sentence

• Are entitled to eighty-five percent (85%) of profits as set forth in Section 1.1.10 and shall be entitled to a return of their positive Capital Account balances upon a dissolution and liquidation of the Company in accordance with Article 13.

• Subject to the provisions of Subsection 9.1.2 through Subsection 9.1.11, inclusive, of this Agreement, the items specified in this Section 9.1 shall be allocated to the Members as necessary to eliminate any deficit Capital Account balances.

• No interest will be paid by the Company or otherwise on Capital Contributions or on the balance of a Member’s Capital Account.

• Subject to the provisions of Article 3, a Member that withdraws pursuant to this Section 7.1 will be entitled to a distribution from the Company in an amount equal to such Member’s Capital Account, which must be paid by the Company to such Member within ninety (90) days of the withdrawal date unless otherwise agreed in writing.

More Definitions of Capital Account

Capital Account means the capital account maintained for a Member in accordance with Section 5.01.

Capital Account means the capital account maintained for each Partner in accordance with Section 3.4 hereof.

Capital Account for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).

Capital Account has the meaning set forth in Section 3.04 hereof.

Capital Account means, with respect to any Partner, the capital account maintained by the General Partner for such Partner on the Partnership’s books and records in accordance with the following provisions:

Capital Account means, with respect to any Partner, the Capital Account maintained for such Partner in accordance with the following provisions:

Capital Account has the meaning set forth in Section 5.03.