Common use of Capital Accounts Clause in Contracts

Capital Accounts. A capital account shall be maintained for the Member in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv).

Appears in 15 contracts

Samples: Limited Liability Company Agreement (Hcp, Inc.), Limited Liability Company Agreement (Neff Finance Corp.), Limited Liability Company Agreement (Safeway Stores 42, Inc.)

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Capital Accounts. A capital account shall be maintained for the Member (a “Capital Account”), to which contributions and Profits shall be credited and against which distributions and Losses shall be charged. Capital Accounts shall be maintained in accordance with the accounting principles of Code Section 704 and the Treasury Regulations Section 1.704-1(b)(2)(iv)thereunder.

Appears in 14 contracts

Samples: Limited Liability Company Agreement (Nissan Auto Lease Trust 2006-A), Limited Liability Company Agreement (Nissan Auto Lease Trust 2013-A), Limited Liability Company Agreement (Nissan Auto Lease Trust 2009-A)

Capital Accounts. A capital account shall be maintained for the Sole Member in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv).

Appears in 13 contracts

Samples: Limited Liability Company Agreement (Calumet Superior, LLC), Limited Liability Company Agreement (Calumet North Dakota, LLC), Limited Liability Company Agreement (Royal Purple, LLC)

Capital Accounts. (a) A separate capital account (“Capital Account”) shall be maintained for the each Member in accordance with Section 704(b) of the Code, and the Treasury Regulations promulgated thereunder including Treasury Regulations Section 1.704-1(b)(2)(iv). The Capital Account of each Member as of the date hereof shall be the dollar value set forth opposite the Member’s name on the Schedule of Members.

Appears in 9 contracts

Samples: Transaction Agreement and Plan of Merger (Baker Hughes Inc), Limited Liability Company Agreement (Baker Hughes Holdings LLC), Limited Liability Company Agreement (Baker Hughes Inc)

Capital Accounts. A capital account shall be maintained for the each Member in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv).

Appears in 9 contracts

Samples: Limited Liability Company Agreement (Rentech Inc /Co/), Limited Liability Company Agreement (Rentech Inc /Co/), Limited Liability Company Operating Agreement (Music123, Inc.)

Capital Accounts. A capital account An individual Capital Account shall be maintained for the each Member in accordance with Treasury Regulations Section Regulation, section 1.704-1(b)(2)(iv).) and adjusted with the following provisions:

Appears in 8 contracts

Samples: Subscription Agreement (Gilmore Homes - Gilmore Loans, LLC), Company Operating Agreement (Gilmore Homes - Gilmore Loans, LLC), Subscription Agreement (Gilmore Homes - Gilmore Loans, LLC)

Capital Accounts. A capital account (a) Each Member shall have a Capital Account which shall be maintained for the Member in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv).

Appears in 7 contracts

Samples: Limited Liability Company Agreement (NorthStar Healthcare Income, Inc.), Limited Liability Company Agreement (NorthStar Healthcare Income, Inc.), Limited Liability Company Agreement (NorthStar Healthcare Income, Inc.)

Capital Accounts. A capital account shall be maintained for each partner of the Member Partnership in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv).

Appears in 6 contracts

Samples: Limited Partnership Agreement (Iip-Nj 2 LLC), Limited Partnership Agreement (Iip-Nj 2 LLC), Limited Partnership Agreement (Iip-Nj 2 LLC)

Capital Accounts. A capital account Capital Account shall be established and maintained for the each Member in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv).

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Generation Income Properties, Inc.), Limited Liability Company Agreement (Generation Income Properties, Inc.), Limited Liability Company Agreement (Generation Income Properties, Inc.)

Capital Accounts. A capital account shall be maintained for the Sole Managing Member in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv).

Appears in 4 contracts

Samples: Limited Liability Company Agreement (CSI Compressco Field Services International LLC), Limited Liability Company Agreement (CSI Compressco Field Services International LLC), Limited Liability Company Agreement (CSI Compressco Field Services International LLC)

Capital Accounts. A capital account An individual Capital Account shall be maintained for the Member each Limited Partner in accordance with Treasury Regulations Section Regulation section 1.704-1(b)(2)(iv).) and adjusted with the following provisions:

Appears in 3 contracts

Samples: Limited Partnership Agreement (Keystone Investors-Urban Node Fund II, LP), Limited Partnership Agreement (Keystone Investors-Urban Node Fund II, LP), Limited Partnership Agreement (Keystone Investors-Urban Node Fund II, LP)

Capital Accounts. A capital account shall be maintained for the each Member in accordance with Treasury Regulations Section 1.704-1(b)(2)(ivl(b)(2)(iv).

Appears in 3 contracts

Samples: Limited Liability Company (Safeway Stores 42, Inc.), Limited Liability (Safeway Stores 42, Inc.), Limited Liability Company Agreement (Clear Channel Identity, Inc.)

Capital Accounts. A capital account Capital Account shall be maintained for the each Member in accordance with Treasury Regulations Section the capital accounting rules of Treas. Reg. §1.704-1(b)(2)(iv).) and, to the extent not inconsistent therewith, the following provisions:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Dynegy Inc /Il/), Limited Liability Company Agreement (Dynegy Inc /Il/)

Capital Accounts. A capital account (a) Compliance with Treasury Regulations. Capital Accounts shall be maintained for the Member in accordance with Treasury Regulations Regulation Section 1.704-1(b)(2)(iv1(b) and shall be interpreted in a manner consistent with Treasury Regulation Section 1.704-1(b).

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Metropolis Realty Trust Inc), Limited Liability Company Agreement (Metropolis Realty Holdings LLC)

Capital Accounts. A capital account shall will be maintained for the each Member in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv).

Appears in 2 contracts

Samples: Operating Agreement (RHP Partner, LLC), Operating Agreement (Gaylord National, LLC)

Capital Accounts. A capital account shall be established and maintained for the each Member in accordance with Treasury Regulations Regulation Section 1.704-1(b)(2)(iv1(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (El Paso Natural Gas Co)

Capital Accounts. A capital account Capital Account shall be maintained for the each Member in accordance with Treasury Regulations Section Regulation § 1.704-1(b)(2)(iv).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Rggpls, LLC)

Capital Accounts. A capital account Capital accounts shall be maintained for the Member Members in accordance with U.S. Treasury Regulations Section Regulation section 1.704-1(b)(2)(iv), and shall be adjusted to take account of property revaluations in accordance with U.S. Treasury Regulation section 1.704-1(b)(2)(iv)(f) (each such account, a "Capital Account"). 3.03.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

Capital Accounts. A capital account Capital Account shall be maintained for the each Member in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Doe Run Resources Corp)

Capital Accounts. A capital account shall be maintained for the Member in accordance with and to the extent required by Treasury Regulations Section 1.704-1(b)(2)(iv).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Allied Home Warranty Gp LLC)

Capital Accounts. A capital account shall be maintained for the each Member in accordance with the Treasury Regulations under Section 1.704-1(b)(2)(iv704(b) of the Internal Revenue Code of 1986, as amended (the "Code").

Appears in 1 contract

Samples: Operating Agreement (Rock Financial Corp/Mi/)

Capital Accounts. A capital Capital Accounts shall mean the account which shall be maintained by the Fund for the each Member in accordance with Treasury Regulations Regulation Section 1.704-1(b)(2)(iv)., including, without limitation, Section 1.704-1(b)(2)(iv)(g) and, to the extent not inconsistent therewith, the following provisions:

Appears in 1 contract

Samples: Operating Agreement

Capital Accounts. A capital account An individual Capital Account for each Member shall be maintained for the Member in accordance with the requirements of Treasury Regulations Section Regulation §1.704-1(b)(2)(iv).) and adjusted in accordance with the following provisions:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Aemetis, Inc)

Capital Accounts. A capital account (a “Capital Account”) shall be maintained for the Member Members in accordance with the provisions of Section 704(b) of the Internal Revenue Code of 1986, as amended, and any successor thereto (the “Code”) and the Treasury Regulations Section 1.704-1(b)(2)(iv)promulgated thereunder. Each Member shall have an initial Capital Account balance equal to such Member’s initial Capital Contribution to the Company.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Services International LLC)

Capital Accounts. A capital account Capital Account shall be maintained for the each Member in accordance with the capital account maintenance rules set forth in Treasury Regulations Section 1.704-1(b)(2)(ivss. 1.7041(b)(2)(iv).. Without limiting the generality of the foregoing, a

Appears in 1 contract

Samples: Operating Agreement (Vertical Computer Systems Inc)

Capital Accounts. A capital account Capital accounts shall be maintained for the Member Members in accordance with U.S. Treasury Regulations Section Regulation section 1.704-1(b)(2)(iv), and shall be adjusted to take account of property revaluations in accordance with U.S. Treasury Regulation section 1.704-1(b)(2)(iv)(f) (each such account, a "Capital Account").

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Instinet Group LLC)

Capital Accounts. A capital account shall be maintained for the each Member in accordance with Treasury Regulations Regulation Section 1.704-1(b)(2)(iv)l(b) and any other laws governing the proper maintenance of capital accounts for limited liability companies.

Appears in 1 contract

Samples: Operating Agreement (Terra Investment Fund LLC)

Capital Accounts. A capital account Capital Account shall be established and maintained for the each Member in accordance compliance with the provisions of Treasury Regulations Regulation Section 1.704-1(b)(2)(iv).. In general, such Capital Accounts shall be maintained as follows:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Campus Crest Communities, Inc.)

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Capital Accounts. A capital account shall be maintained by the Company for the each Member in accordance with Treasury Regulations Regulation §1.704-1(b)(2)(iv), adjusted as permitted by Treasury Regulation Section 1.704-(b)(2)(iv)(f) and as required by the other provisions of Treasury Regulation Section 1.704-1(b)(2)(iv) and Treasury Regulation Section 1.704-1(b)(4).

Appears in 1 contract

Samples: Operating Agreement (Hawkeye Systems, Inc.)

Capital Accounts. A capital account shall be maintained for the each Member in accordance with Treasury Regulations the capital account maintenance rules of the Internal Revenue Service Regulation Section 1.704-1(b)(2)(iv)) and as provided herein. Such capital account shall be credited with contributions and profits, charged with distributions and losses and otherwise adjusted as the Member agrees.

Appears in 1 contract

Samples: Operating Agreement (3100 Glendale Joint Venture)

Capital Accounts. A The Member shall have a capital account shall be determined and maintained for the Member in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv1.7041(b)(2)(iv).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)

Capital Accounts. A capital account shall Capital Accounts will be maintained for the Member Unitholders in accordance with Treasury Regulations Section 704(b) of the Code and Section 1.704-1(b)(2)(iv)1(b) of the Regulations.

Appears in 1 contract

Samples: Limited Liability Company Agreement (TELUS International (Cda) Inc.)

Capital Accounts. A Each Member’s capital account accounts shall be maintained for the Member in accordance with Treasury Regulations Regulation Section 1.704-1(b)(2)(iv)1(b) and any other laws governing the proper maintenance of capital accounts for limited liability companies.

Appears in 1 contract

Samples: Operating Agreement of Terra Investment Fund (Terra Investment Fund LLC)

Capital Accounts. A capital account shall be maintained for the Member Member, and for any additional members admitted to the Company pursuant to paragraph 13 of this Agreement, in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv).

Appears in 1 contract

Samples: Contribution Agreement (Beasley Broadcast Group Inc)

Capital Accounts. A (a) An individual capital account (a “Capital Account”) shall be maintained for the each Member in accordance with Treasury Regulations Section Regulation § 1.704-1(b)(2)(iv).. Without limiting the foregoing, each Member’s Capital Account shall be credited with the sum of (i) (A) the

Appears in 1 contract

Samples: Limited Liability Company Agreement (Carlyle Secured Lending, Inc.)

Capital Accounts. A capital account shall be maintained for the Member each Partner in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv).

Appears in 1 contract

Samples: Agreement

Capital Accounts. (a) A capital account (“Capital Account”) shall be maintained for the each Member in accordance with Section 704(b) of the Code and Treasury Regulations Section Sections 1.704-1(b)(2)(iv)1(b) and 1.704-2. The Capital Account balance of each Member as of the date hereof shall be equal to such Member’s Initial Capital Contribution as of the date hereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Gramercy Capital Corp)

Capital Accounts. A capital account shall be maintained for the Member in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv), to the extent required thereunder.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Rikco International, LLC)

Capital Accounts. A capital account Capital accounts shall be maintained for the each Member in accordance with Treasury Regulations the capital accounting rules of Section 1.704-1(b)(2)(iv)) of the Regulations.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ambassadors International Inc)

Capital Accounts. A capital account shall be maintained for the Member in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv1l(b)(2)(iv).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Safeway Stores 42, Inc.)

Capital Accounts. A capital account shall be maintained for the Member in accordance with Treasury Regulations Section 1.704-1(b)(2)(ivl(b)(2)(iv).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Safeway Stores 42, Inc.)

Capital Accounts. A capital account shall be maintained for the Member each Partner in accordance with Treasury Regulations Section section 1.704-1(b)(2)(iv).

Appears in 1 contract

Samples: Agreement

Capital Accounts. A capital account shall be maintained for the Member in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv1 (b)(2)(iv).

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Dynegy Morro Bay, LLC)

Capital Accounts. (a) A capital account Capital Account shall be maintained for the each Member in accordance with Section 704(b) of the Code and Treasury Regulations Section Sections 1.704-1(b)(2)(iv)1(b) and 1.704-2.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Pangaea Logistics Solutions Ltd.)

Capital Accounts. A capital account shall be maintained for the each Member in accordance with Treasury Regulations Regulation Section 1.704-1(b)(2)(iv)1(b) and any other laws governing the proper maintenance of capital accounts for limited liability companies.

Appears in 1 contract

Samples: Operating Agreement (Hamm Harold)

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