Capital Accounts Allocations. There shall be established in respect of each Holder a separate capital account in the books and records of the Up-MACRO Holding Trust in respect of the Holder's Capital Contributions to the Up-MACRO Holding Trust (each, a "Capital Account"), to which the following provisions shall apply:
Capital Accounts Allocations. 55 Section 7.3 Regulatory and Related Allocations...............................56 Section 7.4 Transfer of or Change in Down-MACRO Holding Shares...............58 Section 7.5
Capital Accounts Allocations. A separate capital account (singly, a "Capital Account"; collectively, the "Capital Accounts"), shall be established and maintained for each Member. As of any date, the amount of a Member's Capital Account shall be adjusted and any allocations of the Company's income, gain, loss, deductions, or credits (or items thereof) shall be determined and made as hereinafter provided and in accordance with the Company's records and, to the extent consistent herewith, applicable provisions of the Virginia Limited Liability Company Act as it may be amended or superseded from time to time (the "Act"):
Capital Accounts Allocations. There shall be established in respect of each Holder a separate capital account in the books and records of the Up Trust in respect of the Holder's Capital Contributions to the Up Trust (each, a "Capital Account"), to which the following provisions shall apply:
Capital Accounts Allocations. (a) There shall be established for each Member a Capital Account (a "Capital Account") which, in the case of each Member, shall initially be equal to the Capital Contribution of such Member as set forth on Schedule A hereto.
Capital Accounts Allocations. All items of income, gain, loss, and deduction will be allocated to the Member. The Company will keep a record of the Member’s contributions to the Company, the Company’s income, gains, losses, and deductions, and its distributions to the Member.
Capital Accounts Allocations. 3.1 A capital account (a “Capital Account”) shall be maintained for each Member in accordance with the regulations under the INTERNAL REVENUE CODE of 1986, as amended (the “Code”).
Capital Accounts Allocations. All items of income, gain, loss and deduction will be allocated to the Member. The Company will keep a record of the Member's contributions to the Company, the Company's income, gains, losses and deductions, and its distributions to the Member.
Capital Accounts Allocations. Capital accounts described in Treasury Regulations § 1.704-1(b), as promulgated pursuant to Internal Revenue Code section 704, shall be established and maintained in accordance with said regulations. All items of income, gain, loss and deduction will be allocated to the Member; provided, however, in the event of an assignment of all or part of the economic attributes of an interest in the Company, the aforementioned items will be allocated ratably in accordance with the record of the Member’s contributions to the Company, the Company’s income, gains, losses and deductions, and its distributions to the Member, similar records shall be maintained for any other party holding an economic interest in the Company.
Capital Accounts Allocations. 55 Section 4.3. Distributions..........................................59
