Capital Account Balance. Except as otherwise provided in this Agreement, whenever it is necessary to determine the Capital Account balance of any Member, the Capital Account balance of such Member shall be determined after giving effect to all allocations pursuant to Sections 6.01 and 6.02 and all contributions and distributions made prior to the time as of which such determination is to be made.
Capital Account Balance. The parties specifically acknowledge that the RUs issued under this Agreement will have an initial capital account balance of $0, which is consistent with the parties understanding that that the Holder’s initial interest will be a “profit interest.”
Capital Account Balance. 5 3.3 Payment to APS.............................................5 3.4 Allocation.................................................5 3.5 Closing....................................................5 3.6
Capital Account Balance. In exchange for the Contributed Assets contributed by APS to LLC in accordance with this Agreement, in addition to the consideration described in Section 3.3 below, APS will receive on the Closing Date described below in accordance with the LLC Agreement, (a) an initial capital account credit in LLC equal to One Million Five Hundred Thousand Dollars ($1,500,000.00) and (b) a membership interest in LLC that represents a fifty percent (50%) ownership interest in LLC.
Capital Account Balance. A capital account shall be maintained for each Partner and each Partner's capital account shall be credited with (i) his Capital Contribution and (ii) his allocable share of Partnership income or gains and shall be debited with this allocable share of Partnership deductions or losses and (ii) the amount of any distributions to him. No Partner with a negative balance in such Partner's capital account shall have any obligation to the Partnership or the other Partners to restore said negative balance, and such deficit in the capital account of any Partner shall not constitute an obligation of such Partner to the Partnership or the other Partners.
Capital Account Balance. Each Joint Venturer's capital account (a) ----------------------- shall be credited with (i) its contributions of cash, licenses and agreed values of intangibles respectively with the valuations set forth in Sections 5.1.1(a) and 5.1.1(b), to the capital of the Joint Venture, (ii) its allocable share of the Joint Venture profits determined as set forth in Section 6.2, (iii) additional capital contributions made by it, if any, and (iv) by the amount of any Joint Venture liabilities that are assumed by it or that are secured by any Joint Venture property distributed to it, and (b) shall be debited with (i) its allocable share, if any, of the Joint Venture losses, (ii) the amount of any withdrawals by or distributions to it by the Joint Venture, and (iii) by the amount of any of its liabilities that are assumed by the Joint Venture or that are secured by any property contributed by it to the Joint Venture. The capital accounts are to be maintained in a manner consistent with Treasury Regulations Section 1.704-1(b)(2)(iv).
Capital Account Balance. No later than thirty (30) days following the date hereof, Sellers will provide Buyers with the amount of the Capital Account Balance as of December 31, 2020; provided that nothing contained in this Section 7.20(e) shall limit or modify the restrictions and obligations set forth in Section 7.2 and Section 7.3 hereof.
Capital Account Balance. 20 Section 3.3
Capital Account Balance. A Venturer's capital account (a) shall be credited with (i) its contributions of cash or cash equivalents contributed to the capital of the Venture and (ii) its allocable share of Venture profits, and (b) shall be debited with (i) its allocable share of Venture losses and (ii) the amount of any distributions to it of cash or cash equivalents by the Venture. No credit or debit shall be made for contributions or distributions of any property other than cash and cash equivalents. Such capital account shall otherwise be maintained in accordance with Treasury Regulations promulgated under Section 704(b) of the Code.
Capital Account Balance. Capital accounts shall be established for each Limited Partner and for the General Partner. Each Partner’s capital account shall be credited with (i) such Partner’s capital contributions and (ii) such Partner’s share of Partnership profits and shall be debited with (i) such Partner’s share of Partnership losses and (ii) the amount of any distributions of Net Cash Receipts to such Partner.
