MEMBER'S ACCOUNTS. The Member will maintain separate capital and distribution accounts. The Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will consist of the Member’s initial capital contribution: (a) increased by: i. Any additional capital contribution made by the Member; ii. Credit balances transferred from the Member’s distribution account to his or her capital account; and (b) decreased by: i. Distributions to the Member in reduction of Company capital; ii. The Member's share of Company losses if charged to his or her capital account.
Appears in 61 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
MEMBER'S ACCOUNTS. The Member will Members must maintain separate capital and distribution accountsaccounts for each Member. The Each Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will consist of the Member’s initial capital contribution:
(a) increased by:
i. Any additional capital contribution made by the Member;
ii. Credit balances transferred from the Member’s distribution account to his or her capital account; and
(b) decreased by:
i. Distributions to the Member in reduction of Company capital;
ii. The Member's share of Company losses if charged to his or her capital account.
Appears in 33 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
MEMBER'S ACCOUNTS. The Member will maintain separate capital and distribution accounts. The Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will consist of the Member’s initial capital contribution:
(a) increased by:
i. Any additional capital contribution made by the Member;
ii. Credit balances transferred from the Member’s distribution account to his or her capital account; and;
(b) and decreased by:
i. Distributions to the Member in reduction of Company capital;
ii. The Member's share of Company losses if charged to his or her capital account.
Appears in 32 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
MEMBER'S ACCOUNTS. The Member will Managers must maintain separate capital and distribution accountsaccounts for each Member. The Each Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will consist of the Member’s initial capital contribution:
(a) increased by:
i. Any additional capital contribution made by the Member;
ii. ; Credit balances transferred from the Member’s distribution account to his or her capital account; and
(b) decreased by:
i. Distributions to the Member in reduction of Company capital;
ii. The Member's share of Company losses if charged to his or her capital account.
Appears in 25 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
MEMBER'S ACCOUNTS. The Member will Members must maintain separate capital and distribution accountsaccounts for each Member. The Each Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will consist of the Member’s initial capital contribution:
(a) increased by:
i. Any additional capital contribution made by the Member;
ii. Credit balances transferred from the Member’s distribution account to his or her capital account; and;
(b) and decreased by:
i. Distributions to the Member in reduction of Company capital;
ii. The Member's share of Company losses if charged to his or her capital account.
Appears in 24 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
MEMBER'S ACCOUNTS. The Member will Managers must maintain separate capital and distribution accountsaccounts for each Member. The Each Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will consist of the Member’s initial capital contribution:
(a) increased by:
i. Any additional capital contribution made by the Member;
ii. Credit balances transferred from the Member’s distribution account to his or her capital account; and;
(b) and decreased by:
i. Distributions to the Member in reduction of Company capital;
ii. The Member's share of Company losses if charged to his or her capital account.
Appears in 23 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
MEMBER'S ACCOUNTS. The Member will Managers must maintain separate capital and distribution accountsaccounts for each Member. The Each Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will consist of the Member’s initial capital contribution:
(a) increased by:
i. Any additional capital contribution made by the Member;
ii. Credit balances transferred from the Member’s distribution account to his or her capital account; and
(b) decreased by:
i. Distributions to the Member in reduction of Company capital;
ii. The Member's share of Company losses if charged to his or her capital account.
Appears in 21 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
MEMBER'S ACCOUNTS. The Member will Members must maintain separate capital and distribution accountsaccounts for each Member. The Each Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will consist of the Member’s initial capital contribution:
(a) increased by:
i. Any additional capital contribution made by the Member;
ii. Credit balances transferred from the Member’s distribution account to his or her capital account; and
(b) decreased by:
i. Distributions to the Member in reduction of Company capital;
ii1. The Member's share of Company losses if charged to his or her capital account.
Appears in 16 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
MEMBER'S ACCOUNTS. The Member will Managers must maintain separate capital and distribution accountsaccounts for each Member. The Each Member's capital account will must be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account l(b)(2)(iv) and will consist of the Member’s initial capital contributioncontribution increased by:
(a) increased by:
i. Any additional capital contribution made by the Member;
ii. (b) Credit balances transferred from the Membermember’s distribution account to his or her the member’s capital account; and
(b) and decreased by:
i. (1) Distributions to the Member in reduction of Company capital;
ii. (2) The Member's share of Company losses if charged to his or her the Member’s capital account.
Appears in 12 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
MEMBER'S ACCOUNTS. The Member will Managers shall maintain separate capital and distribution accountsaccounts for each member. The MemberEach member's capital account will shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will l(b)(2)(iv) and shall consist of the Member’s his initial capital contributioncontribution increased by:
(a) increased by:
i. Any any additional capital contribution made by the Memberhim/her;
ii. Credit (b) credit balances transferred from the Member’s his distribution account to his or her capital account; and
(b) and decreased by:
i. Distributions (a) distributions to the Member him/her in reduction of Company capital;
ii. The (b) the Member's share of Company losses if charged to his or his/her capital account.
Appears in 8 contracts
Sources: Operating Agreement, Operating Agreement, Limited Liability Company Operating Agreement
MEMBER'S ACCOUNTS. The Member will maintain separate capital and distribution accounts. The Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will consist of the Member’s initial capital contribution:
(a) increased by:
i. : Any additional capital contribution made by the Member;
ii. ; Credit balances transferred from the Member’s distribution account to his or her capital account; and
(b) decreased by:
i. Distributions to the Member in reduction of Company capital;
ii. ; The Member's share of Company losses if charged to his or her capital account.
Appears in 5 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
MEMBER'S ACCOUNTS. The Member will maintain separate capital and distribution accounts. The Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will consist of the Member’s initial capital contribution:
(a) increased by:
i. : Any additional capital contribution made by the Member;
ii. ; Credit balances transferred from the Member’s distribution account to his or her capital account; and
(b) decreased by:
i. and Distributions to the Member in reduction of Company capital;
ii. ; The Member's share of Company losses if charged to his or her capital account.
Appears in 4 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
MEMBER'S ACCOUNTS. The Member will shall maintain separate capital and distribution accountsaccounts for each member. The MemberEach member's capital account will shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will l(b)(2)(iv) and shall consist of the Member’s his initial capital contributioncontribution increased by:
(a) increased by:
i. Any additional capital contribution made by the Memberhim/her;
ii. (b) Credit balances transferred from the Member’s his distribution account to his or her capital account; and
(b) and decreased by:
i. (a) Distributions to the Member him/her in reduction of Company capital;
ii. (b) The Member's share of Company losses if charged to his or his/her capital account.
Appears in 3 contracts
Sources: Limited Liability Company Operating Agreement, Operating Agreement, Limited Liability Company Operating Agreement
MEMBER'S ACCOUNTS. The Member will maintain separate capital and distribution accounts. The Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will consist of the Member’s initial capital contribution:
(a) increased by:
i. Any additional capital contribution made by the Member;
ii. Credit balances transferred from the Member’s distribution account to his or her capital account; and;
(b) and decreased by:
i. Distributions to the Member in reduction of Company capital;
; ii. The Member's share of Company losses if charged to his or her capital account.
Appears in 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement
MEMBER'S ACCOUNTS. The Member will Members shall maintain separate capital and distribution accountsaccounts for each member. The MemberEach member's capital account will shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will l(b)(2)(iv) and shall consist of the Member’s his initial capital contributioncontribution increased by:
(a) increased by:
i. Any additional capital contribution made by the Memberhim/her;
ii. (b) Credit balances transferred from the Member’s his distribution account to his or her capital account; and
(b) and decreased by:
i. (a) Distributions to the Member him/her in reduction of Company capital;
ii. (b) The Member's share of Company losses if charged to his or his/her capital account.
Appears in 3 contracts
Sources: Operating Agreement, Limited Liability Company Operating Agreement, Operating Agreement
MEMBER'S ACCOUNTS. The Member Members will maintain separate capital and distribution accountsaccounts for each Member. The Each Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), and per Section 4A-503 of the Act, each capital account will consist of the Member’s initial capital contribution:
(a) increased by:
i. Any additional capital contribution made by the Member;
ii. Credit balances transferred from the Member’s distribution account to his or her capital account; and;
(b) and decreased by:
i. Distributions to the Member in reduction of Company capital;
ii. The Member's share of Company losses if charged to his or her capital account.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
MEMBER'S ACCOUNTS. The Member will Managers shall maintain separate capital and distribution accountsaccounts for each member. The MemberEach member's capital account will shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will l(b)(2)(iv) and shall consist of the Member’s his initial capital contributioncontribution increased by:
(a) increased by:
i. Any additional capital contribution made by the Memberhim/her;
ii. (b) Credit balances transferred from the Member’s his distribution account to his or her capital account; and
(b) and decreased by:
i. (a) Distributions to the Member him/her in reduction of Company capital;
ii. (b) The Member's share of Company losses if charged to his or his/her capital account.
Appears in 2 contracts
Sources: Limited Liability Company Operating Agreement, Operating Agreement
MEMBER'S ACCOUNTS. The Member Members will maintain separate capital and distribution accountsaccounts for each Member. The Each Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account ) and will consist of the Member’s his or her initial capital contributioncontribution increased by:
(a) increased by:
i. Any additional capital contribution made by the Member;
ii. (b) Credit balances transferred from the Member’s 's distribution account to his or her capital account; and
(b) and decreased by:
i. (a) Distributions to the Member in reduction of Company capital;
ii. (b) The Member's share of Company losses if charged to his or her capital account.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
MEMBER'S ACCOUNTS. The Member will shall maintain separate capital and distribution accountsaccounts for each Member. The Member's capital account will shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will l(b)(2)(iv) and shall consist of the Member’s his initial capital contributioncontribution increased by:
(a) increased by:
i. Any additional capital contribution made by the Memberhim/her;
ii. (b) Credit balances transferred from the Member’s his distribution account to his or her capital account; and
(b) and decreased by:
i. (a) Distributions to the Member him/her in reduction of Company capital;
ii. (b) The Member's share of Company losses if charged to his or his/her capital account.
Appears in 2 contracts
Sources: Limited Liability Company Operating Agreement, Operating Agreement
MEMBER'S ACCOUNTS. The Member Members will maintain separate capital and distribution accountsaccounts for each Member. The Each Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will consist of the Member’s initial capital contribution:
(a) increased by:
i. Any additional capital contribution made by the Member;
ii. Credit balances transferred from the Member’s distribution account to his or her capital account; and;
(b) and decreased by:
i. Distributions to the Member in reduction of Company capital;
ii. The Member's share of Company losses if charged to his or her capital account.
Appears in 2 contracts
Sources: Operating Agreement, Operating Agreement
MEMBER'S ACCOUNTS. The Member will TheMembers shall maintain separate capital and distribution accountsaccounts for each member. The MemberEach member's capital account will shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will l(b)(2)(iv) and shall consist of the Member’s his initial capital contributioncontribution increased by:
(a) increased by:
i. Any additional capital contribution made by the Memberhim/her;
ii. (b) Credit balances transferred from the Member’s his distribution account to his or her capital account; and
(b) and decreased by:
i. (a) Distributions to the Member him/her in reduction of Company capital;
ii. (b) The Member's share of Company losses if charged to his or his/her capital account.
Appears in 2 contracts
Sources: Limited Liability Company Operating Agreement, Operating Agreement
MEMBER'S ACCOUNTS. The Member will _________ shall maintain separate capital and distribution accountsaccounts for each Member. The Each Member's ’s capital account will shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will l(b)(2)(iv) and shall consist of the Member’s his initial capital contributioncontribution increased by:
(a) increased by:
i. Any additional capital contribution made by the Memberhim/her;
ii. (b) Credit balances transferred from the Member’s his distribution account to his or her capital account; and
(b) and decreased by:
i. (a) Distributions to the Member him/her in reduction of Company capital;
ii. (b) The Member's ’s share of Company losses if charged to his or his/her capital account.
Appears in 1 contract
MEMBER'S ACCOUNTS. The Member will Members shall maintain separate capital and distribution accountsaccounts for each Member. The Each Member's ’s capital account will shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will ) and shall consist of the Member’s his initial capital contribution:contribution increased by.
(a) increased by:
i. Any any additional capital contribution made by the Memberhim/her;
ii. Credit (b) credit balances transferred from the Member’s his distribution account to his or her capital account; and
(b) and decreased by:
i. Distributions (i) distributions to the Member him/her in reduction of Company capital;
(ii. The ) the Member's ’s share of Company losses if charged to his or his/her capital account.
Appears in 1 contract
Sources: Operating Agreement (DTWC Spokane City Center SPE, LLC)
MEMBER'S ACCOUNTS. The Member will Managers must maintain separate capital and distribution accountsaccounts for each Member. The Each Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), and per Section 4A-503 of the Act, each capital account will consist of the Member’s initial capital contribution:
(a) increased by:
i. Any additional capital contribution made by the Member;
ii. Credit balances transferred from the Member’s distribution account to his or her capital account; and;
(b) and decreased by:
i. Distributions to the Member in reduction of Company capital;
ii. The Member's share of Company losses if charged to his or her capital account.
Appears in 1 contract
Sources: Operating Agreement
MEMBER'S ACCOUNTS. The Member will ____________ shall maintain separate capital and distribution accountsaccounts for the Member. The Member's ’s capital account will shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will l(b)(2)(iv) and shall consist of the Member’s his initial capital contributioncontribution increased by:
(a) increased by:
i. Any additional capital contribution made by the Memberhim/her;
ii. (b) Credit balances transferred from the Member’s his distribution account to his or her capital account; and
(b) and decreased by:
i. (a) Distributions to the Member him/her in reduction of Company capital;
ii. (b) The Member's ’s share of Company losses if charged to his or his/her capital account.
Appears in 1 contract
Sources: Operating Agreement
MEMBER'S ACCOUNTS. The Member Members will maintain separate capital and distribution accountsaccounts for each member. The MemberEach member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account l(b)(2)(iv) and will consist of the Member’s his or her initial capital contributioncontribution increased by:
(a) increased by:
i. Any additional capital contribution made by the Membermember;
ii. (b) Credit balances transferred from the Membermember’s distribution account to his or her capital account; and
(b) and decreased by:
i. (a) Distributions to the Member member in reduction of Company capital;
ii. (b) The Member's share of Company losses if charged to his or her capital account.
Appears in 1 contract
Sources: Operating Agreement
MEMBER'S ACCOUNTS. The Member will maintain separate capital and distribution accounts. The Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will consist of the Member’s initial capital contribution:
(a) increased by:
i. Any additional capital contribution made by the Member;
ii. Credit balances transferred from the Member’s distribution account to his or her capital account; and
and (b) decreased by:
i. Distributions to the Member in reduction of Company capital;
; ii. The Member's share of Company losses if charged to his or her capital account.
Appears in 1 contract
Sources: Operating Agreement
MEMBER'S ACCOUNTS. The Member will Memberswill maintain separate capital and distribution accountsaccounts for each Member. The Each Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), and per Section 4A-503 of the Act, each capital account will consist of the Member’s initial capital contribution:
(a) increased by:
i. (1) Any additional capital contribution made by the Member;
ii. (2) Credit balances transferred from the Member’s distribution account to his or her capital account; and;
(b) and decreased by:
i. (1) Distributions to the Member in reduction of Company capital;
ii. (2) The Member's share of Company losses if charged to his or her capital account.
Appears in 1 contract
Sources: Operating Agreement
MEMBER'S ACCOUNTS. The Member will shall maintain separate capital and distribution accountsaccounts for each member. The Member's Each member’s capital account will shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will l(b)(2)(iv) and shall consist of the Member’s his initial capital contributioncontribution increased by:
(a) increased by:
i. Any additional capital contribution made by the Memberhim/her;
ii. (b) Credit balances transferred from the Member’s his distribution account to his or her capital account; and
(b) and decreased by:
i. (a) Distributions to the Member him/her in reduction of Company capital;
ii. (b) The Member's ’s share of Company losses if charged to his or his/her capital account.
Appears in 1 contract
Sources: Limited Liability Company Operating Agreement (Green Tree SerVertis Acquisition LLC)
MEMBER'S ACCOUNTS. The Manager or Member will shall maintain separate capital and distribution accountsaccounts for the Member. The Member's ’s capital account will shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will l(b)(2)(iv) and shall consist of the Member’s his initial capital contributioncontribution increased by:
(a) increased by:
i. Any additional capital contribution made by the Memberhim/her;
ii. (b) Credit balances transferred from the Member’s his distribution account to his or her capital account; and
(b) and decreased by:
i. (a) Distributions to the Member him/her in reduction of Company capital;
ii. (b) The Member's ’s share of Company losses if charged to his or his/her capital account.
Appears in 1 contract
Sources: Operating Agreement
MEMBER'S ACCOUNTS. The Member will shall maintain separate capital and distribution accountsaccounts for each member. The MemberEach member's capital account will shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will 1.704‐l(b)(2)(iv) and shall consist of the Member’s his initial capital contributioncontribution increased by:
(a) increased by:
i. Any additional capital contribution made by the Memberhim/her;
ii. (b) Credit balances transferred from the Member’s his distribution account to his or her capital account; and
(b) and decreased by:
i. (a) Distributions to the Member him/her in reduction of Company capital;
ii. (b) The Member's share of Company losses if charged to his or his/her capital account.
Appears in 1 contract
MEMBER'S ACCOUNTS. The Member will Memberswill maintain separate capital and distribution accountsaccounts for each Member. The Each Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), and per Section 4A-503 of the Act, each capital account will consist of the Member’s initial capital contribution:
(a) increased by:
i. Any additional capital contribution made by the Member;
ii. Credit balances transferred from the Member’s distribution account to his or her capital account; and;
(b) and decreased by:
i. Distributions to the Member in reduction of Company capital;
ii. The Member's share of Company losses if charged to his or her capital account.
Appears in 1 contract
Sources: Operating Agreement
MEMBER'S ACCOUNTS. The Member will Member/ Manager shall maintain separate capital and distribution accountsaccounts for each Member. The Each Member's ’s capital account will shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will l(b)(2)(iv) and shall consist of the Member’s his initial capital contributioncontribution increased by:
(a) increased by:
i. Any additional capital contribution made by the Memberhim/her;
ii. (b) Credit balances transferred from the Member’s his distribution account to his or her capital account; and
(b) and decreased by:
i. (a) Distributions to the Member him/her in reduction of Company capital;
ii. (b) The Member's ’s share of Company losses if charged to his or his/her capital account.
Appears in 1 contract
MEMBER'S ACCOUNTS. The Member Members will maintain separate capital and distribution accountsaccounts for each Member. The Each Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will consist of the Member’s initial capital contribution:
(a) a. increased by:
i. a.1 Any additional capital contribution made by the Member;
ii. a.2 Credit balances transferred from the Member’s distribution account to his or her capital account; and;
(b) b. and decreased by:
i. b.1 Distributions to the Member in reduction of Company capital;
ii. b.2 The Member's share of Company losses if charged to his or her capital account.
Appears in 1 contract
Sources: Operating Agreement
MEMBER'S ACCOUNTS. The Member will maintain separate capital and distribution accounts. The Member's capital account will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will consist of the Member’s initial capital contribution:
(a) a. increased by:
i. Any additional capital contribution made by the Member;
ii. Credit balances transferred from the Member’s distribution account to his or her capital account; and;
(b) b. and decreased by:
i. Distributions to the Member in reduction of Company capital;
ii. The Member's share of Company losses if charged to his or her capital account.
Appears in 1 contract
Sources: Operating Agreement
MEMBER'S ACCOUNTS. The Member will shall maintain separate capital and distribution accountsaccounts for each member. The MemberEach member's capital account will shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv), each capital account will 1.704-!(b)(2)(iv) and shall consist of the Member’s his initial capital contributioncontribution increased by:
(a) increased by:
i. Any additional capital contribution made by the Memberhim/her;
ii. (b) Credit balances transferred from the Member’s his distribution account to his or her capital account; and
(b) and decreased by:
i. (a) Distributions to the Member him/her in reduction of Company capital;
ii. (b) The Member's share of Company losses if charged to his or his/her capital account.
Appears in 1 contract