Capital Account Balance

Example Definitions of "Capital Account Balance"
Capital Account Balance. That portion of Seller's capital account balance in the General Partner (representing the corresponding portion of the General Partner's capital account balance in the Partnership) attributable to the Capital Interest, as determined by GCP and reported on the financial statements of the General Partner, as of the Cut Off Date, as set forth in Schedule I
Capital Account Balance. With respect to Seller and each Partnership, Seller's capital account balance in such Partnership as determined by the respective Manager of such Partnership and reported on the financial statements of such Partnership, as of the Cut Off Date, as set forth in Schedule 5(g). For purposes of clarification, the foregoing definition of Capital Account Balance refers to the net asset value of such Interest as determined by the respective Manager of such Partnership and reported on the financial... statements of such Partnership as of the Cut Off Date (and not the income tax capital account of Seller in each Partnership) View More
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