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. 9 17.4 Distributions in Kind. . . . . . . . . . . . . . . . . . 9 17.5
Capital Account Balance. To the Partners in accordance with the Partnership Percentages, adjusted to the date of distribution. For the purpose of the application of paragraph of this Agreement and determining the Partnership Percentages on liquidation, all unrealized gains, losses and accrued income and deductions will be treated as realized and recognized immediately before the date of distribution.
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. 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. A Venture capital account shall be established for each Party, and shall be maintained in such a manner as to correspond with the capital of the Venture. A Party's capital account:
