Additional Provisions Regarding Capital Accounts. (a) If a Partner pays any indebtedness of the Partnership, such payment shall be treated as a contribution by that Partner to the capital of the Partnership and the Capital Account of such Partner shall be increased by the amount so paid by such Partner.
Appears in 4 contracts
Samples: Agreement (Capital Senior Living Corp), Agreement (Capital Senior Living Corp), Agreement (Capital Senior Living Corp)
Additional Provisions Regarding Capital Accounts. (a) If a Partner pays any indebtedness of the PartnershipPartnership indebtedness, such payment shall be treated as a cash contribution by that Partner to the capital of the Partnership Partnership, and the Capital Account of such Partner shall be increased by the amount so paid by such Partner.
Appears in 3 contracts
Samples: Limited Partnership Agreement (PHC Hospitals, LLC), Limited Partnership Agreement (PHC Hospitals, LLC), PHC Hospitals, LLC
