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 as provided in Section 2.5 hereof and pursuant to the adjustments described in Section 3.4 hereof, if applicable.

CREDITING ACCOUNTS. Items of income, gains, expenses, deductions, losses and credits shall be credited or debited debited, as the case may be, to each Member’s capital account as provided in Section 2.5 hereof and pursuant to the adjustments described in Section 3.4 hereof, if applicableVenturer's Capital Account.