Special Capital Account definition

Special Capital Account has the meaning set forth in the LLC Agreement.
Sample 1Sample 2
Special Capital Account means a separate and specific capital account established by the Company for the benefit of JLA, BBXAOE or any of the other Members in order to provide for the funding by JLA, BBXAOE or the other Members through capital contributions to the Company, of the Unfunded PC Liability Capital Account and related matters as provided for and defined in the New AGC Operating Agreement, or otherwise provided for in such agreement or in Section 3.02(h), or in the case of BBXAOE, the exercise by BBXAOE, through the AGC Member, of the rights provided to the AGC Member under Section 9.7 of the New AGC Operating Agreement. The Special Capital Account shall be treated separately from the Capital Accounts defined in this Agreement but, except as provided for in the New AGC Operating Agreement, shall be otherwise independently subject to the provisions of this Agreement, including without limitation the provisions of Section 8.
Sample 1
Special Capital Account has the meaning specified in Section 7.4(d) of the CEH LLC Agreement.
Sample 1

Examples of Special Capital Account in a sentence

  • At all times prior to a [*CONFIDENTIAL*]% Payout, allocations corresponding to those set forth in the foregoing subsections of this Section 9.4 shall be made with respect to each Member’s Special Capital Account prior to the allocation pursuant to Section 5.4 of Special Net Profits and Special Net Losses attributable to each Special Expansion Project to which the allocation relates.

  • He stated that regarding item number 38120, Transfer From General Fund Special Capital Account (GF1) he would like to see us put$60,000.00 back in since all of it had to be used last year to balance the budget.

  • No Member shall be entitled to withdraw any part of its Capital Account or Special Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement.

  • No Member shall receive any interest, salary, management or service fees or draw with respect to its Capital Contributions or its Capital Account or on account of the Special Capital Account, except as otherwise provided in this Agreement.

  • Special Capital Account refers to the account opened or appointed by the credit agent bank as per Article 15.15 of this agreement, which is special for depositing the loan fund granted by the bank consortium and normal operation expenditures of borrower.

  • As new claims and expenses for PC Losses are funded through the Special Capital Account, any related assets will also be identified, as provided for in the New AGC Operating Agreement.

  • Promptly upon receipt of notice from any BBX Indemnitee asserting a claim for indemnity for a PC Loss (as defined in the New AOC Operating Agreement) pursuant to the provisions of Section 6.05 or Section 6.08 of the BBXAOE/AOC Purchase Agreement (a “PC Loss Indemnity Claim”), JLA shall promptly either fund the AOC Member’s uncontested portion of such claim into the Special Capital Account or give BBXAOE and the BBX Indemnitee written notice of its intention to contest such claim.

  • ELECTROMECHANICAL AUXILIARY RELAYS:-Relays shall be suitable for semi flush mounting on the panel board.

  • Each Member shall look solely to the assets of the Company for all distributions with respect to the Company, such Member’s Capital Account and Special Capital Account, and such Member’s share of Net Income, Net Loss and other items of income, gain, loss and deduction, and shall have no recourse therefor (upon dissolution or otherwise) against the Liquidator or any other Member.

  • Sept 1 Industry Certification Coordinator Verification sent to GaDOE Program Specialist and local schools with details of completed workshop confirmation and contact information for coordinator working with the schools.


More Definitions of Special Capital Account

Special Capital Account of any Partner as of the end of any Fiscal Year means such Partner’s Capital Account balance (whether positive or negative) as of the end of such Fiscal Year (after all distributions for such year but, except as provided in Section 6.08(d), before any allocations of tax items for such year other than allocations pursuant to Section 6.09), increased by (i) such Partner’s share of Minimum Gain attributable to Partnership Nonrecourse Liabilities as of the end of such Fiscal Year and (ii) such Partner’s share of Minimum Gain attributable to Partner Nonrecourse Liabilities as of the end of such Fiscal Year.
Sample 1
Special Capital Account means, with respect to any Member, an account to be created at the inception of a Special Expansion Project and thereafter to be maintained for each Member relating solely to such Special Expansion Project in the manner specified for Capital Accounts in Section 9.2(a). Any Special Capital Account shall only take into account allocations of Special Net Profits and Special Net Losses (and items thereof) attributable to such Special Expansion Project, Special Expansion Project Contributions made with respect to such Special Expansion Project, distributions of Special Available Cash with respect to such Special Expansion Project and any other items that adjust Capital Accounts that are properly attributable to such Special Expansion Project, in each case, as though the Special Expansion Project were the sole asset, and its ownership and operation were the sole activity, of the Company. The Special Capital Account of the Non-Participating Members with respect to such Special Expansion Project shall be zero.
Sample 1
Special Capital Account has the meaning set forth in Section 9.2(b).
Sample 1
Special Capital Account has the meaning set forth in Section 5.06(d).
Sample 1
Special Capital Account means, with respect to any Member, an account to be created at the inception of a Non-Participatory Growth Capital Project and thereafter to be maintained for such Member relating solely to such Non-Participatory Growth Capital Project in the manner specified for Capital Accounts in Section 5.06(a). Any Special Capital Account shall only take into account allocations of Special Net Profits and Special Net Losses (and items thereof) attributable to such Non-Participatory Growth Capital Project, Non-Participatory Growth Capital Project Contributions made with respect to such Non-Participatory Growth Capital Project, distributions of Special Available Cash with respect to such Non-Participatory Growth Capital Project and any other items that adjust Capital Accounts that are properly attributable to such Non-Participatory Growth Capital Project, in each case as though such Non-Participatory Growth Capital Project were the sole asset, and its ownership and operation were the sole activity, of the Company. Prior to 300% Payout for a Non-Participatory Growth Capital Project, the Special Capital Account of the Non-Participating Member shall be zero.
Sample 1

Related to Special Capital Account

  • Book Capital Account means, for any Holder at any time, the Book Capital Account of the Holder for such day, determined in accordance with Section 8.1 hereof.

  • Capital Account means, with respect to any Partner, the Capital Account maintained for such Partner in accordance with the following provisions:

  • Target Capital Account means the Capital Account of a Member as of the end of each fiscal year, increased by any amount that such Member is obligated to restore under this Agreement, is treated as obligated to restore under Treasury Regulations Section 1.704-1(b)(2)(ii)(c), or is deemed obligated to restore under the penultimate sentences of Treasury Regulations Section 1.704-2(g)(1) and (i)(5).

  • Economic Capital Account Balances has the meaning set forth in Section 6.1.E.

  • Economic Capital Account Balance has the meaning provided in Section 5.1(e) hereof.

  • Adjusted Capital Account means the Capital Account maintained for each Partner as of the end of each Fiscal Year (i) increased by any amounts which such Partner is obligated to restore pursuant to any provision of this Agreement or is deemed to be obligated to restore pursuant to the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5) and (ii) decreased by the items described in Regulations Sections 1.704-1(b)(2)(ii)(d)(4), 1.704-1(b)(2)(ii)(d)(5) and 1.704-1(b)(2)(ii)(d)(6). The foregoing definition of Adjusted Capital Account is intended to comply with the provisions of Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

  • Capital Account Limitation has the meaning provided in Section 4.5(b) hereof.

  • Capital Accounts An individual capital account shall be maintained for each Partner, and capital contributions to the Partnership by the Partners shall be credited to such accounts. Partnership profits or losses shall also be charged or credited to the separate capital accounts in the manner provided in this Agreement. No interest shall be paid on the capital account of any Partner.

  • Adjusted Capital Account Balance means, with respect to each Partner, the balance in such Partner’s Capital Account adjusted (i) by taking into account the adjustments, allocations and distributions described in Treasury Regulations Sections 1.704-1(b)(2)(ii)(d)(4), (5) and (6); and (ii) by adding to such balance such Partner’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, determined pursuant to Treasury Regulations Sections 1.704-2(g) and 1.704-2(i)(5), any amounts such Partner is obligated to restore pursuant to any provision of this Agreement or by applicable Law. The foregoing definition of Adjusted Capital Account Balance is intended to comply with the provisions of Treasury Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

  • Virginia venture capital account means an investment fund that has been certified by the

  • Adjusted Capital Account Deficit means, with respect to any Member, the deficit balance, if any, in such Member’s Capital Account as of the end of the relevant Fiscal Year, after giving effect to the following adjustments:

  • Capital Account Distribution Date and "Income Account Distribution Date" shall mean the "Distribution Dates" set forth in the "Essential Information" in the Prospectus.

  • Initial Capital Contribution has the meaning set forth in Section 4.1.

  • Initial Capital Contributions has the meaning set forth in Section 5.1.

  • initial capital or ‘Capital’: means the money that you initially subscribed to invest into the Plan.

  • Partially Adjusted Capital Account means, with respect to any Member for any Fiscal Year, the Capital Account balance of such Member at the beginning of such period, adjusted as set forth in the definition of Capital Account for all contributions and distributions during such period and all special allocations pursuant to Section 7.3 with respect to such period but before giving effect to any allocation with respect to such period pursuant to Section 7.2.

  • Additional Capital Contribution has the meaning set forth in Section 3.02.

  • Additional Capital Contributions shall have the meaning set forth in Section 5.3.

  • Capital Account Record Date and "Income Account Record Date" shall mean the "Record Dates" set forth in the "Essential Information" in the Prospectus.

  • Member Nonrecourse Debt Minimum Gain means an amount, with respect to each Member Nonrecourse Debt, equal to the Company Minimum Gain that would result if such Member Nonrecourse Debt were treated as a Nonrecourse Liability, determined in accordance with Section 1.704-2(i)(3) of the Regulations.

  • Partnership Percentage means a percentage established for each partner on the Partnership' books as of the first day of each Fiscal Period. The Partnership Percentage of a Partner for a Fiscal Period shall be determined by dividing the amount of the Partner's capital account as of the beginning of the Fiscal Period by the sum of the capital accounts of all of the Partners as of the beginning of the fiscal Period. The sum of the Partnership Percentage for each fiscal Period shall equal one hundred percent (100%).

  • Partner Nonrecourse Debt Minimum Gain has the meaning set forth in Treasury Regulation Section 1.704-2(i)(2).

  • Member Nonrecourse Debt has the meaning of “partner nonrecourse debt” set forth in Treasury Regulations Section 1.704-2(b)(4).

  • Total Percentage Interest means, with respect to any Partner, the quotient obtained by dividing the number of Units (vested or unvested) then owned by such Partner by the number of Units then owned by all Partners.

  • Partnership Unit Economic Balance means (i) the Capital Account balance of the General Partner plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in each case to the extent attributable to the General Partner’s Partnership Units divided by (ii) the number of the General Partner’s Partnership Units.

  • Class B Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class B Invested Amount less the positive difference, if any, between the Principal Funding Account Balance and the Class A Invested Amount on such date.