Restricted Capital Accounts definition

Restricted Capital Accounts has the meaning assigned to such term in Section 3.5.
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Restricted Capital Accounts are restricted from sharing a beneficial interest in such New Issues in accordance with the provisions of the FINRA Rules. Notwithstanding the provisions of Section 3.4 above, to enable the Partnership to invest in New Issues, the Partnership shall not allocate any items of income, gain, loss, deduction and credit that relate to investments in New Issues to Restricted Capital Accounts except to the extent permitted by the FINRA Rules, and shall instead allocate such items among the other Capital Accounts on a pro rata basis. To the extent the FINRA Rules permit certain persons with Restricted Capital Accounts to participate in New Issues, the General Partner will allocate such New Issue among such Restricted Capital Accounts on a pro rata basis. The General Partner may specially allocate a carrying charge to compensate Partners with Restricted Capital Accounts to the extent such Restricted Capital Accounts do not participate in investments in New Issues for the use of Partnership capital to purchase or carry such positions. To the extent consistent with FINRA Rules, as amended from time to time, the General Partner shall determine when all Capital Accounts may participate in the Net Profit and Net Loss from any New Issue. The General Partner shall value any New Issue at such time at the then-current price of the security in the secondary market.
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Examples of Restricted Capital Accounts in a sentence

  • Notwithstanding the provisions of Section 3.4 above, to enable investment in New Issues on behalf of the Joint Venture, Third Point shall not allocate any items of income, gain, loss, deduction and credit that relate to investments in New Issues to Restricted Capital Accounts except to the extent permitted by FINRA Rule 5130 and 5131 and shall instead allocate such items among the other Capital Accounts of Participants on a pro rata basis.

  • To the extent that FINRA Rule 5130 and 5131 permits certain persons with Restricted Capital Accounts to participate in New Issues, Third Point will allocate such New Issue among such Restricted Capital Accounts on a pro rata basis.

  • Third Point may specially allocate a carrying charge to compensate Participants with Restricted Capital Accounts to the extent such Restricted Capital Accounts do not participate in investments in New Issues for the use of capital to purchase or carry such positions.

  • Notwithstanding the provisions of Section 3.4 above, to enable investment in New Issues, DME shall not allocate any items of income, gain, loss, deduction and credit that relate to investments in New Issues to Restricted Capital Accounts except to the extent permitted by FINRA Rule 5130 and shall instead allocate such items among the other Capital Accounts on a pro rata basis.

  • To the extent that FINRA Rule 5130 permits certain persons with Restricted Capital Accounts to participate in New Issues, DME will allocate such New Issue among such Restricted Capital Accounts on a pro rata basis.

  • DME may specially allocate a carrying charge to compensate Participants with Restricted Capital Accounts to the extent such Restricted Capital Accounts do not participate in investments in New Issues for the use of capital to purchase or carry such positions.

  • The General Partner may specially allocate a carrying charge to compensate Partners with Restricted Capital Accounts to the extent such Restricted Capital Accounts do not participate in investments in New Issues for the use of Partnership capital to purchase or carry such positions.

  • Notwithstanding the provisions of Section 3.4 above, to enable the Partnership to invest in New Issues, the Partnership shall not allocate any items of income, gain, loss, deduction and credit that relate to investments in New Issues to Restricted Capital Accounts except to the extent permitted by the FINRA Rules, and shall instead allocate such items among the other Capital Accounts on a pro rata basis.

  • To the extent the FINRA Rules permit certain persons with Restricted Capital Accounts to participate in New Issues, the General Partner will allocate such New Issue among such Restricted Capital Accounts on a pro rata basis.