General Maintenance. The Company will establish and maintain a Capital Account for each Member. A Member’s Capital Account balance (“Capital Account Balance”) will be: (1) increased by: (i) the amount of any money the Member contributes to the Company’s capital, and (ii) the Member’s share of the Company’s Profits and any separately stated items of income or gain; and (2) decreased by: (i) the amount of any money the Company distributes to the Member, and (ii) the Member’s share of the Company’s Losses and any separately stated items of deduction or loss.
Appears in 5 contracts
Sources: Limited Liability Company Operating Agreement (PFG Fund V, LLC), Limited Liability Company Operating Agreement (PFG Fund V, LLC), Limited Liability Company Operating Agreement (PFG Fund V, LLC)
General Maintenance. The Company LLC will establish and maintain a Capital Account for each Member. A Member’s Capital Account balance (“Capital Account Balance”) will be:
(1) increased by: (i) the amount of any money the Member contributes to the CompanyLLC’s capital, and (ii) the Member’s share of the CompanyLLC’s Profits and any separately stated items of income or gain; and
(2) decreased by: (i) the amount of any money the Company LLC distributes to the Member, and (ii) the Member’s share of the CompanyLLC’s Losses and any separately stated items of deduction or loss.
Appears in 5 contracts
Sources: Limited Liability Company Operating Agreement (Cf Fund Ii, LLC), Operating Agreement (Cf Fund Ii, LLC), Limited Liability Company Operating Agreement (Cf Fund Ii, LLC)
General Maintenance. The Company will establish and maintain a Capital Account for each Member. A Member’s 's Capital Account balance (“Capital Account Balance”) Balance will be:
(1) increased by: (i) the amount of any money the Member contributes to the Company’s 's capital, ; and (ii) the Member’s 's share of the Company’s Profits and any separately stated items of income or gain; and
(2) decreased by: (i) the amount of any money the Company distributes to the Member, ; and (ii) the Member’s 's share of the Company’s Losses and any separately stated items of deduction or loss.
Appears in 2 contracts
Sources: Limited Liability Company Operating Agreement (Circle of Wealth Fund III LLC), Limited Liability Company Operating Agreement (Circle of Wealth Fund III LLC)
General Maintenance. The Company will establish and maintain a Capital Account for each Member. A Member’s Capital Account balance (“Capital Account Balance”) will be:
(1) increased by: (i) the amount of any money the Member contributes to the Company’s capital, and (ii) the Member’s share of the Company’s Profits and any separately stated items of income or gain; andand LIMITED LIABILITY COMPANY OPERATING AGREEMENT PFG Fund V, LLC
(2) decreased by: (i) the amount of any money the Company distributes to the Member, and (ii) the Member’s share of the Company’s Losses and any separately stated items of deduction or loss.
Appears in 2 contracts
Sources: Limited Liability Company Operating Agreement (PFG Fund V, LLC), Limited Liability Company Operating Agreement (PFG Fund V, LLC)
General Maintenance. The Company LLC will establish and maintain a Capital Account for each Member. A Member’s Capital Account balance (“Capital Account Balance”) will be:
(1) increased by: (i) the amount of any money the Member contributes to the CompanyLLC’s capital, ; and (ii) the Member’s share of the CompanyLLC’s Profits and any separately stated items of income or gain; and
(2) decreased by: (i) the amount of any money the Company LLC distributes to the Member, ; and (ii) the Member’s share of the CompanyLLC’s Losses and any separately stated items of deduction or loss.
Appears in 2 contracts
Sources: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement