Capital Account

Capital Account. The account to be maintained by Waitlist for each Member in accordance with the provisions of this Agreement and the Code. It is intended that the Capital Accounts of all Members shall be maintained in compliance with the applicable provisions of the Code.

Capital Account. Means the account maintained by the Company for each Interest Holder in accordance with the following provisions: 13.1.1. an Interest Holder's Capital Account shall be credited with the Interest Holder's Capital Contributions, the amount of any Company liabilities assumed by the Interest Holder (or which are secured by Company property distributed to the Interest Holder), the Interest Holder's distributive share of Profit and any item in the nature of income or gain specially... allocated to such Interest Holder pursuant to the provisions of Paragraph 3; and 13.1.2. an Interest Holder's Capital Account shall be debited with the amount of money and the fair market value of any Company property distributed to the Interest Holder, the amount of any liabilities of the Interest Holder assumed by the Company (or which are secured by property contributed by the Interest Holder to the Company), the Interest Holder's distributive share of Loss and any item in the nature of expenses or losses specially allocated to the Interest Holder pursuant to the provisions of Paragraph 3. If any Interest is transferred pursuant to the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor to the extent the Capital Account is attributable to the transferred Interest. If the book value of Company property is adjusted, the Capital Account of each Interest Holder shall be adjusted to reflect the aggregate adjustment in the same manner as if the Company had recognized gain or loss equal to the amount of such aggregate adjustment. It is intended that the Capital Accounts of all Interest Holders shall be maintained in compliance with the provisions of United States Internal Revenue Regulation § 1.704-l(b)(2), and all provisions of this Agreement relating to the maintenance of Capital Accounts shall be interpreted and applied in a manner consistent with that Regulation. View More

Capital Account. Means the account to be maintained by the Partnership for each Partner in accordance with Section 3.10

Capital Account. The individual account maintained by the Company with respect to each Member as provided in Annex A. _______

Capital Account. Shall have the meaning set forth in the Partnership

Capital Account. Shall mean a capital account established for each Member to which such Member's respective Capital Contributions shall from time to time be credited, which shall be maintained in accordance with the provisions of Section 704(b) of the Code and the Treasury Regulations promulgated thereunder.

Capital Account. 7(b)

Capital Account. 6(b)

Capital Account. Means, with respect to any Member, the capital account established and maintained for such Member on the Company's books and records in accordance with the provisions of Section 3.

Capital Account. With respect to any Member, the Capital Account maintained for such Member in accordance with the following provisions: (A) To each Member's Capital Account there shall be credited such Member's Capital Contributions, such Member's distributive share of Profits and, without duplication, any items in the nature of income or gain which are specially allocated pursuant to Section 2(C) of Exhibit 1 of this Agreement, and the amount of any Company liabilities assumed in writing... by such Member or which are secured by any Company Property distributed to such Member. (B) To each Member's Capital Account there shall be debited the amount of cash and Gross Asset Value of any Company Property distributed to such Member pursuant to any provision of this Agreement, such Member's distributive share of Losses (as defined in Exhibit 1 to this Agreement) and, without duplication, any items in the nature of expenses or losses that are specially allocated pursuant to Section 2(C) of Exhibit 1 to this Agreement, and the amount of any liabilities of such Member assumed in writing by the Company or which are secured by any property contributed by such Member to the Company. (C) In the event any interest in the Company is transferred in accordance with the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor to the extent it relates to the transferred interest in the Company. (D) In determining the amount of any liability for the purposes of this definition, there shall be taken into account Code Section 752(c) and any other applicable provisions of the Code and Regulations. The foregoing provisions and the other provisions of this Agreement relating to the maintenance of Capital Accounts are intended to comply with Regulations Section 1.704-1(b), and shall be interpreted and applied in a manner consistent with such Regulations. View More