Negative Capital Account definition

Negative Capital Account means a Capital Account with a balance of less than zero.

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Negative Capital Account means a Capital Account with a balance less than zero.

Negative Capital Account means an estimated amount determined by Post in its reasonable discretion equal to the amount of taxable gain Post would realize if Post were to dispose of its interest in BellRing LLC for no consideration other than a release of Post’s share of BellRing LLC liabilities allocable to Post under Section 752 of the Code, the regulations thereunder and Treasury Regulations Section 1.704-2.

Examples of Negative Capital Account in a sentence

• A Redeeming Partner's Hypothetical Negative Capital Account Balance is the hypothetical amount such Redeeming Partner would have had to pay to the Partnership pursuant to his obligations under Section 13.4 hereof if he had remained as an Additional Limited Partner until the liquidation of the Partnership.

• For purposes of this subsection G, in determining whether a Member has a Modified Negative Capital Account, there shall be taken into account those adjustments, allocations and distributions that, as of the end of the year, are reasonably expected to be made.

• No Partner shall be obligated to restore a Negative Capital Account during the term of, or upon dissolution of, the Partnership.

• No Member shall be obligated to restore a Negative Capital Account.

• If there is a net decrease in the Minimum Gain during any taxable year and if any Member has a Negative Capital Account as of the last day of such taxable year which exceeds its Restoration Amount as of such last day, then all items of gross income and gain of the Company for such taxable year (and, if necessary, for subsequent taxable years) shall be allocated to such Member in the amount and in the proportions required to eliminate such excess as quickly as possible.

More Definitions of Negative Capital Account

Negative Capital Account means, as to a Partner at a point in time, the amount, if any, by which (a) the sum of the aggregate Losses and distributions allocated to such Partner prior to such point in time exceeds (b) the sum of the aggregate Capital Contributions of such Partner, the aggregate operating Profits and gains allocated prior to such point in time to such Partner.

Negative Capital Account. A Capital Account with a balance of less than zero. “Net Cash Flow.” The sum of (a) all cash received by Company from Owner or otherwise including but not limited to from rents, lease payments and all other revenue sources, but excluding (i) tenant security or other deposits, (ii) Capital Contributions (other than if used to pay for an item deducted below in determining Net Cash Flow), and (iii) Capital Transaction Proceeds realized by the Company, and (b) any other funds that the Manager reasonably deems available for distribution by the Company, less the sum of (c) (i) all cash expenditures and expenses unpaid but properly accrued, which have been incurred in the operation of the Company or the Company’s business (whether or not such expenditure is deducted, amortized or capitalized for tax purposes), (ii) all payments on account of any loans , including Debt Service, and all payments on account of any loans made to the Company by a Member, and (iii) any cash Reserves.

Negative Capital Account means a capital account with a balance of less than zero. “Net Income” or “Net Loss” shall mean the net income or net loss with respect to any accounting period of the Company determined in accordance with accounting principles generally and consistently applied by the Company. “Nonrecourse Deductions” has the meaning set forth in Regulation Section 1.704-2(b)(l). The amount of Nonrecourse Deductions for a taxable year of the Company equals the net increase, if any, in the amount of Minimum Gain during that taxable year, determined according to the provisions of Regulation Section 1.704-2(c). “Percentage Interest” shall mean, as to a Member, a fraction, the numerator of which is the number of Units held by that Member and the denominator of which is the number of all issued and outstanding Units. “Person” shall mean and includes any individual, corporation, partnership, association, limited liability company, trust, estate, or other entity.

Negative Capital Account shall be the amount by which each Partner’s distributive share of the Partnership’s Net Losses less each Partner’s distributive share of Partnership Net Income, exceeds the sum of each Partner’s Capital Contribution less the sum of previous distributions of cash and/or property to each Partner.

Negative Capital Account. A Capital Account with a balance of less than zero.

Negative Capital Account means a Capital Account with a balance of less “Non-Managing Member” shall mean PRC. “Nonrecourse Deductions” shall have the meaning ascribed to such term in Regulations Section 1.7042(b)(1). “Percentage” means, as to a Member, the percentage set forth after the Member’s name on Exhibit A. “Person” means and includes an individual, corporation, limited liability company, partnership, joint venture estate, trust, unincorporated association, or other entity, any federal, state, county or municipal government or any bureau, department or agency thereof and any fiduciary acting in such capacity on behalf of any of the foregoing. “Proceeds” means the collective reference to Capital Proceeds and Cash Flow. 5

Negative Capital Account means a Capital Account with a balance of less than zero. “New Securities” means any Capital Securities of the Company, whether or not now