Partnership Capital definition

Partnership Capital means any Capital Commitment and/or (as the context requires) any Capital Contribution;

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Partnership Capital at any time, means all of the monies, interests, properties and assets of the Partnership, including, without limitation, all monies realized from the sale of assets of the Partnership or borrowing by the Partnership.

Partnership Capital means the total of the capital contributions of the Partners, as hereinafter set forth, as adjusted to reflect income, gains, losses, withdrawals and distributions. Capital contributions of property shall be valued at fair market value as of the date of contribution.

Examples of Partnership Capital in a sentence

• No interest shall be paid on, or in respect of, any contribution to Partnership Capital by any Partner, nor shall any Partner have the right to demand or receive cash or other property in return for the Partner's Capital Contribution.

• For example, if the Managing General Partner contributes 25% of the total Partnership Capital Contributions and the Participants contribute 75% of the total Partnership Capital Contributions, then the Managing General Partner shall receive 32% of the Partnership revenues and the Participants shall receive 68% of the Partnership revenues.

• The Partnership Capital Accounts shall be maintained in accordance with the provisions of Treasury Regulations section 1.704-1(b)(2)(iv)(f) and, to the extent not inconsistent with such regulation, the provisions of this Agreement.

• On the other hand, if the Managing General Partner contributes 30% of the total Partnership Capital Contributions and the Participants contribute 70% of the total Partnership Capital Contributions, then the Managing General Partner shall receive 35% of the Partnership revenues, not 37%, because its revenue share cannot exceed 35% of Partnership revenues, and the Participants shall receive 65% of Partnership revenues.

• The Partnership Capital Accounts shall be maintained in accordance with the provisions of Treasury Regulations Section 1.704-1(b)(2)(iv) and, to the extent not inconsistent with such regulation, the provisions of this Agreement.

More Definitions of Partnership Capital

Partnership Capital means the fair market value of all of the Partnership's assets reduced by the amount of all of the Partnership's liabilities.

Partnership Capital means, with respect to any Person which is a partnership, such Person’s partnership capital subject to mandatory redemption, net of reserves for anticipated withdrawals, as determined in accordance with GAAP.

Partnership Capital means the total amount of all Capital Contributions.

Partnership Capital means the sum of all Capital Contributions made by Partners to the Partnership;

Partnership Capital means the total capital contribution to the Partnership actually made or paid by the Partners with respect to the acquisition of Units in the Partnership.

Partnership Capital means an amount equal to the sum of all of the Partners' Adjusted Capital Account balances determined immediately prior to the allocation to the Partners pursuant to Sections 2.04(a)(ii) or 2.04(b)(i) of any Net Profits or Net Losses, increased by the aggregate amount of Net Profits then to be allocated to the Partners pursuant to Section 2.04(a)(ii) or decreased by the aggregate amount of Net Losses then to be allocated to the Partners pursuant to Section 2.04(b)(i).

Partnership Capital at the time of any determination thereof shall mean the aggregate amount of all capital accounts of the Partners of the Company determined in accordance with generally accepted accounting principles.