Common use of Capital Accounts of the Partners Clause in Contracts

Capital Accounts of the Partners. A. The Partnership shall maintain for each Partner (and, to the extent necessary to effectuate the provisions of this Agreement, for each Partner’s interest in a specific class or series (or specified group of classes and/or series)) a separate Capital Account in accordance with the rules of Regulations Section 1.704-l(b)(2)(iv). Such Capital Account shall be increased by (i) the amount of all Capital Contributions and any other deemed contributions made by such Partner to the Partnership pursuant to the Agreement; and (ii) all items of Partnership income and gain (including income and gain exempt from tax) computed in accordance with Section 1.B and allocated to such Partner pursuant to Section 6.1(A) of the Agreement and Exhibit B of the Agreement, and decreased by (x) the amount of cash or Agreed Value of all actual and deemed distributions of cash or property made to such Partner pursuant to the Agreement, and (y) all items of Partnership deduction and loss computed in accordance with Section 1.B and allocated to such Partner pursuant to Section 6.1.B of the Agreement and Exhibit B of the Agreement.

Capital Accounts of the Partners. A. The Partnership shall maintain for each Partner (and, to the extent necessary to effectuate the provisions of a separate Capital Account. Unless expressly provided otherwise in this Agreement, for each Partner’s interest in a specific class or series (or specified group of classes and/or series)) a separate such Capital Account shall be maintained in accordance with the rules of Regulations Section 1.704l.704-l(b)(2)(iv)) to the greatest extent practicable, as determined by the General Partner in its sole and absolute discretion. Such Capital Account shall be increased by (i) the amount of all Capital Contributions and any other deemed contributions made by such Partner to the Partnership pursuant to the Agreement; this Agreement and (ii) all items of Partnership income and gain (including income and gain exempt from tax) computed in accordance with Section 1.B and allocated to such Partner pursuant to Section 6.1(A) of the Agreement and Exhibit B of the this Agreement, and decreased by (x) the amount of cash or Agreed Value of all actual and property actually distributed or deemed distributions of cash or property made to be distributed to such Partner pursuant to the Agreement, this Agreement and (y) all items of Partnership deduction and loss computed in accordance with Section 1.B and allocated to such Partner pursuant to Section 6.1.B of the Agreement and Exhibit B of the this Agreement.

Capital Accounts of the Partners. A. The Partnership shall maintain for each Partner (and, to the extent necessary to effectuate the provisions of this Agreement, for each Partner’s interest in a specific class or series (or specified group of classes and/or series)) a separate Capital Account in accordance with the rules of Regulations Section 1.704-l(b)(2)(iv). Such Capital Account shall be increased by (i) the amount of all Capital Contributions and any other deemed contributions made by such Partner to the Partnership pursuant to the Agreement; and (ii) all items of Partnership income and gain (including income and gain exempt from tax) computed in accordance with Section 1.B hereof and allocated to such Partner pursuant to Section 6.1(A) of the Agreement and Exhibit B of the Agreement, and decreased by (x) the amount of cash or Agreed Value of all actual and deemed distributions of cash or property made to such Partner pursuant to the Agreement, and (y) all items of Partnership deduction and loss computed in accordance with Section 1.B hereof and allocated to such Partner pursuant to Section 6.1.B 6.1(B) of the Agreement and Exhibit B of the Agreementhereof.