Common use of General Maintenance Clause in Contracts

General Maintenance. Each Series will establish and maintain a Capital Account for a Member upon admission to the Series, in which the amount paid by such Member for purchase of Membership Interests will be credited with that amount to the Capital Account. A Member’s Capital Account Balance will be: (1) increased by: (i) the amount of any money the Member contributes to Series’ capital to purchase additional Membership Interests; and (ii) the Member’s share of the Series’ Profits and any separately stated items of income or gain; and (2) decreased by: (i) the amount of any money the Series distributes to the Member; (ii) the Member’s share of the Series’ Losses and any separately stated items of deduction or loss; and (iii) the amount of any withdrawals or redemption made by such Member in accordance with the redemption plan.