Positive Capital Account means a Capital Account with a balance greater than zero.
Positive Capital Account. Positive Capital Account" means a Capital Account with a balance greater than zero.
Positive Capital Account means, as to a Partner at any point in time, the amount, if any, by which (1) the sum of the aggregate Capital Contributions of such Partner, the aggregate Profits and gains allocated prior to such point in time to such Partner exceeds (2) the sum of aggregate Losses, losses and distributions allocated prior to such point in time to such Partner.
Examples of Positive Capital Account in a sentence
Winding Up and Distribution of Assets (Positive Capital Account Balances) (Short Form) 9-14 Form 9-9.
Among the Members as provided in Article IV, Section 4.6 and then to Members with Positive Capital Account Balances until such CapitalAccounts equal zero.
Losses allocated shall not cause an Interest Holder to have an Adjusted Capital Account Deficit unless no Interest Holder has a Positive Capital Account.
Positive Capital Account" means a Capital Account with a balance greater than zero.
The Mayor/ Do governor shall remove or cancel test seals or regular inspection seals from on any measuring instruments which fail the regular inspection.
More Definitions of Positive Capital Account
Positive Capital Account means a Capital Account
Positive Capital Account means that the balance of a Partner’s Capital Account is greater than zero.
Positive Capital Account means a Capital Account with a balance greater than zero. (j) "Profit and Loss" means, for each fiscal year or other period, an amount equal to the Company's taxable income or loss for such year or period, determined in accordance with Section 703(a) of the Code (for this purpose, all 10 <PAGE> items of income, gain, loss, or deduction required to be stated separately pursuant to Section 703(a)(1) of the Code shall be included in taxable income or loss); provided, however, that in the event the Regulations promulgated under Section 704 of the Code require Book Value of assets to be used in determining profit or loss, then, for purposes of maintaining Capital Accounts in accordance with such Regulations, the taxable income or loss shall be computed using the Book Value of the assets. (k) "Restoration Amount" means, with respect to each Member: (a) the Member's share of Minimum Gain and (b) the amount, if any, which the Member is unconditionally required under this Agreement or by law to contribute to the Company (including the Member's share of debts of the Company that the Member has guaranteed and loans made by a Member to the Company). Section 4.02
Positive Capital Account means a Capital Account with a balance greater than zero. “Profit” and “Loss” means, for each Fiscal Year of the Company (or other period for
Positive Capital Account mans a Capital Account with a balance greater than zero.
Positive Capital Account shall be the amount by which each Partner’s distributive share of the Partnership’s Net Profits less each Partner’s distributive share of the Partnership’s Net Losses, exceeds the sum of each Partner’s Capital Contributions less the sum of cash and the Total Asset Value of property previously distributed to such Partner other than distributions of cash flow.
Positive Capital Account. A Capital Account with a balance greater than zero.