Examples of Closing Capital Account in a sentence
The Opening Capital Account as of the beginning of each subsequent Accounting Period shall be the Limited Partner’s Closing Capital Account for the immediately preceding Accounting Period (determined under §4.2), increased by any additional Capital Contribution, decreased by the amount of any withdrawals made by the Limited Partner as of the end of the preceding Accounting Period and by the amount of any distribution made to him during such Accounting Period under Article 6.
A Closing Capital Account shall be established on the Fund’s books for each Limited Partner as of the end of each Accounting Period.
The Opening Capital Account Balance of a Member for each Accounting Period subsequent to the Accounting Period in which such Member was admitted to the Company shall be an amount equal to the Closing Capital Account Balance of such Member, determined in accordance with Section 4.2, for the immediately preceding Accounting Period plus the amount of any Additional Capital Contributions made by such Member pursuant to Section 2.8(c) hereto as of the beginning of such subsequent Accounting Period.
For each Accounting Period during the term of this Agreement, the Company shall establish for each Member an opening Capital Account Balance(the “Opening Capital Account Balance”) and a Closing Capital Account Balance.
There shall be established for each Member on the books of the Company as of the last day of each Accounting Period, a closing Capital Account Balance for such Accounting Period (the “ Closing Capital Account Balance”).
For each Accounting Period during the term of this Agreement, the Company shall establish for each Member an opening Capital Account Balance (the “Opening Capital Account Balance”) and a Closing Capital Account Balance.
The Opening Capital Account Balance of a Member for each Accounting Period subsequent to the Accounting Period in which such Member was admitted to the Company shall be an amount equal to the Closing Capital Account Balance of such Member, determined in accordance with Section 4.2, for the immediately preceding Accounting Period plus the amount of any Additional Capital Contributions made by such Member hereto as of the beginning of such subsequent Accounting Period.
The Capital Account balance of each of the Members as of the date hereof, as adjusted in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv)(f), is its respective “Contribution Closing Capital Account Balance” set forth on the Schedule of Members.
The Fund's Investment Manager will be paid a monthly management fee of 1/12 of 2% of Closing Capital Account balances.
The Capital Account balance of each of the Members as of the date hereof, as adjusted in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv)(f) and Section 3.03(c) of this Agreement, is its respective “Contribution Closing Capital Account Balance” set forth on the Schedule of Members.