Common use of CREDITING ACCOUNTS Clause in Contracts

CREDITING ACCOUNTS. Items of income, gains, expenses, deductions, losses and credits shall be credited or debited, as the case may be, to each Member’s Capital Account created pursuant to Section 3.4 as provided in this Article.

CREDITING ACCOUNTS. Items of income, gains, expenses, deductions, losses and credits shall be credited or debited, debited as the case may be, to each MemberPartner’s Capital Account created pursuant to Section 3.4 capital account as provided in this ArticleSection 2.4 hereof and pursuant to the adjustments described in Section 3.4 hereof.