Capital Accounts. The Company will maintain a Capital Account for each Member on a cumulative basis in accordance with federal income tax accounting principles.
Appears in 319 contracts
Samples: Limited Liability Company Operating Agreement (Sibannac, Inc.), Insert State Here] Operating Agreement, Operating Agreement
Capital Accounts. (a) The Company will shall maintain a Capital Account for each Member on a cumulative basis in accordance with federal income tax accounting principles.
Appears in 5 contracts
Samples: Execution Version (Wellsford Real Properties Inc), Limited Liability Company Operating Agreement (Whwel Real Estate Lp), Limited Liability Company Operating Agreement (Wellsford Real Properties Inc)
Capital Accounts. The Company will shall maintain a Capital Account for each Member Member, on a cumulative basis basis, in accordance with federal income tax accounting principles.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Capital Accounts. The Company will maintain a Capital Account for each Member on a cumulative basis in accordance with federal income tax accounting principles.the following provisions:
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Capital Accounts. The Company will maintain a Capital Account A capital account shall be maintained for each Member on a cumulative basis in accordance with the provisions of applicable federal income tax laws and regulations. Each Member’s proportionate share of the profits or losses of the Company, and distributions, contributions, and other transactions with the Company should be reflected in each such Member’s capital account in accordance with proper income tax accounting principlesprinciples and the terms hereof.
Appears in 1 contract
Capital Accounts. The Company company will maintain a Capital Account capital account for each Member member on a cumulative basis in accordance with federal income tax accounting principles.
Appears in 1 contract
Samples: Operating Agreement
