Common use of Account Balances Clause in Contracts

Account Balances. Except as otherwise provided in this Agreement, whenever it becomes necessary to ascertain the balance of any Member’s Capital Account, such determination shall be made after giving effect to all allocations of Company income, gain, loss and deductions for the current year, and all distributions for such year, in each case in respect of transactions effected prior to the date as of which such determination is being made.

Account Balances. Except as otherwise provided in this Agreement, whenever it becomes necessary to ascertain the balance of any MemberPartner’s Capital Account, such determination shall be made after giving effect to all allocations of Company Partnership income, gaingains, loss losses and deductions for the current year, and all distributions for such year, in each case in respect of transactions effected prior to the date as of which such determination is being made.