Negative Capital Account definition

Negative Capital Account means a Capital Account with a balance of 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.

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.

Examples of Negative Capital Account in a sentence

• Notwithstanding anything contained in this Agreement to the contrary, upon the dissolution and termination of the Company, no Member and neither the Manager, nor any of its Affiliates, shall have any personal liability to repay to the Company any portion or all of any Member’s Negative Capital Account.

• No Member shall be personally liable for any amount payable pursuant to this Article 8, or to make any Capital Contribution, return any distribution made to it by the Company, or restore any Negative Capital Account balance to enable the Company to make any such payment.

• For purposes of this Section 12.9, 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.

• In fact, defendant alleges that, "[f]or an extended period of time prior to receiving the aforementioned letter, and up through the filing of this lawsuit, [he] has consistently requested" access to the books and records of TCFR to "investigate the accuracy of the alleged Redemption Price and Negative Capital Account" (Answer, ¶ 89).In the absence of any allegation that defendant relied upon the Demand Letter (and that such reliance was justifiable), the second counterclaim for fraud must be dismissed.

• Taniyama explained the term “GFE” was vernacular in the internet escort community for “girlfriend experience,” which in turn meant to have sex with another without the use of contraceptives.

More Definitions of Negative Capital Account

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 less than zero and, where the context requires, the negative balance thereof, in each case as of the end of a Fiscal Year, after giving effect to the following:

Negative Capital Account means a Capital Account

Negative Capital Account means a Capital Account with a balance of less than zero. "Nonrecourse Deductions" has the meaning set forth in Regulation

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 means a Capital Account with a balance of less than zero. “Operational Plan” shall have the meaning set forth in Section 5(a)(iii)(8) below.

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