Common use of Increases and Decreases Clause in Contracts

Increases and Decreases. Each Member’s Capital Account shall be (i) increased by (A) the amount of cash or cash equivalent Capital Contributions made by such Member, (B) the Net Agreed Value of non-cash assets contributed as Capital Contributions by such Member, and (C) allocations to such Member of Company income and gain (or items thereof), including, without limitation, income and gain exempt from tax and income and gain described in Regulation section 1.704-1(b)(2)(iv)(g), but excluding income and gain described in Regulation section 1.704-1(b)(4)(i); and (ii) shall be decreased by (A) the amount of cash or cash equivalents distributed to such Member by the Company, (B) the Net Agreed Value of any non-cash assets or other property distributed to such Member by the Company, and (C) allocations to such Member of Company losses and deductions (or items thereof), including losses and deductions described in Regulation section 1.704-1(b)(2)(iv)(g) (but excluding losses or deductions described in Regulation section 1.704-1(b)(4)(i) or (iii)).

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Williams Partners L.P.), Limited Liability Company Agreement (Williams Partners L.P.), Limited Liability Company (Williams Partners L.P.)

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Increases and Decreases. Each Member’s 's Capital Account shall will be (i) increased by (A) the amount of cash or cash equivalent Capital Contributions made equivalents contributed by such Memberthat Member to the Company as capital, (B) the Net Agreed Value of non-cash assets property contributed by that Member to the Company as Capital Contributions capital (contributions contemplated by such Membersubparagraphs (A) and (B) will be referred to as "CAPITAL CONTRIBUTIONS"), and (C) allocations to such that Member of Company income and gain (or items thereof), including, without limitation, including income and gain exempt from tax Tax and income and gain described in Treasury Regulation section Section 1.704-1(b)(2)(iv)(g), but excluding income and gain described in Treasury Regulation section Section 1.704-1(b)(4)(i); and (ii) shall be decreased by (A) the amount of cash or cash equivalents distributed to such that Member by the Company, (B) the Net Agreed Value of any non-cash assets or other property distributed to such that Member by the Company, and (C) allocations to such Member of Company losses and deductions (or items thereof), including losses and deductions described in Treasury Regulation section Section 1.704-1(b)(2)(iv)(g) (but excluding losses or deductions described in Treasury Regulation section Section 1.704-1(b)(4)(i) or (iii)).;

Appears in 2 contracts

Samples: Acknowledgment and Acceptance Agreement (El Paso Corp/De), Acknowledgment and Acceptance Agreement (Enterprise Products Partners L P)

Increases and Decreases. Each Member’s Capital Account shall be (i) increased by (A) the amount of cash or cash equivalent Capital Contributions made by such Member, (B) the Net Agreed Value of non-cash assets contributed as Capital Contributions by such Member, and (C) allocations to such Member of Company income and gain (or items thereof), including, without limitation, income and gain exempt from tax and income and gain described in Regulation section 1.704-1(b)(2)(iv)(g), but excluding income and gain described in Regulation section 1.704-1(b)(4)(i); and (ii) shall be decreased by (A) the amount of cash or cash equivalents distributed to such Member by the Company, (B) the Net Agreed Value of any non-cash assets or other property distributed to such Member by the Company, and (C) allocations to such Member of Company losses and deductions (or items thereof), including losses and deductions described in Regulation section 1.704-1(b)(2)(iv)(g) (but excluding losses or deductions described in Regulation section 1.704-1(b)(4)(i) or (iii)).

Appears in 1 contract

Samples: Limited Liability Company Agreement (ONEOK Partners LP)

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Increases and Decreases. Each Member’s Capital Account shall be (i) increased by (A) the amount of cash or cash equivalent Capital Contributions made by such Member, (B) the Net Agreed Value of non-cash assets contributed as Capital Contributions by such Member, and (C) allocations to such Member of Company income and gain (or items thereof), including, without limitation, income and gain exempt from tax and income and gain described in Regulation Regulations section 1.704-1(b)(2)(iv)(g), but excluding income and gain described in Regulation Regulations section 1.704-1(b)(4)(i); and (ii) shall be decreased by (A) the amount of cash or cash equivalents distributed to such Member by the Company, (B) the Net Agreed Value of any non-cash assets or other property distributed to such Member by the Company, and (C) allocations to such Member of Company losses and deductions (or items thereof), including losses and deductions described in Regulation Regulations section 1.704-1(b)(2)(iv)(g) (but excluding losses or deductions described in Regulation Regulations section 1.704-1(b)(4)(i) or (iii)).

Appears in 1 contract

Samples: Limited Liability Company Agreement (DCP Midstream Partners, LP)

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