MEMBER'S ACCOUNTS. The Managers shall maintain separate capital and distribution accounts for each member. Each Member's capital account shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv).
Appears in 6 contracts
Samples: Limited Liability Company Operating Agreement (Global Income Fund, Inc.), Limited Liability Company Operating Agreement (Global Income Fund, Inc.), Limited Liability Company Operating Agreement (Global Income Fund, Inc.)
MEMBER'S ACCOUNTS. The Managers shall must maintain separate capital and distribution accounts for each member. Each Membermember's capital account shall must be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv).l(b)(2)(iv) and will consist of the member’s initial capital contribution increased by:
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
MEMBER'S ACCOUNTS. The Managers shall maintain separate capital and distribution accounts for each member. Each Member's member’s capital account shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv).l(b)(2)(iv) and shall consist of his initial capital contribution increased by:
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Agreement
MEMBER'S ACCOUNTS. The Managers shall must maintain separate capital and distribution accounts for each member. Each Membermember's capital account shall will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv).l(b)(2)(iv) and will consist of his or her initial capital contribution increased by:
Appears in 2 contracts
Samples: Operating Agreement, Limited Liability Company Operating Agreement
MEMBER'S ACCOUNTS. The Managers shall managers must maintain separate capital and distribution accounts for each member. Each Membermember's capital account shall will be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv).l(b)(2)(iv) and will consist of his or her initial capital contribution increased by:
Appears in 1 contract
Samples: Operating Agreement
MEMBER'S ACCOUNTS. The Managers Manager shall maintain separate capital and distribution accounts for each member. Each Member's member’s capital account shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv).l(b)(2)(iv) and shall consist of his initial capital contribution increased by:
Appears in 1 contract
MEMBER'S ACCOUNTS. The Managers shall maintain separate capital and distribution accounts for each member. Each Member's capital account shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv).l(b)(2)(iv) and shall consist of their initial capital contribution increased by:
Appears in 1 contract
Samples: Participation Agreement
MEMBER'S ACCOUNTS. The Managers shall must maintain separate capital and distribution accounts for each memberMember. Each Member's capital account shall 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:
Appears in 1 contract
Samples: Operating Agreement
MEMBER'S ACCOUNTS. The Managers Member/ Manager shall maintain separate capital and distribution accounts for each memberMember. Each Member's ’s capital account shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv).l(b)(2)(iv) and shall consist of his initial capital contribution increased by:
Appears in 1 contract
MEMBER'S ACCOUNTS. The Managers Manager shall maintain separate capital and distribution accounts for each memberMember. Each Member's ’s capital account shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv).l(b)(2)(iv) and shall consist of its initial capital contribution increased by:
Appears in 1 contract
MEMBER'S ACCOUNTS. The Managers shall maintain separate capital and distribution accounts for each member. Each Member's capital account shall be determined and maintained in accordance with the manner rules set forth in United States Treasury Regulation Section 1.704-1(b)(2)(iv).
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Global Income Fund, Inc.)
MEMBER'S ACCOUNTS. The Managers Manager shall maintain separate capital and distribution accounts for each memberMember. Each Member's capital account shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv).l(b)(2)(iv) and shall consist of the Member's initial capital contribution increased by:
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Integrated Data Corp)
MEMBER'S ACCOUNTS. The Managers shall maintain separate capital and distribution accounts for each memberMember. Each Member's capital account shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv).1.704l(b)(2)(iv) and shall consist of his initial capital contribution increased by:
Appears in 1 contract
MEMBER'S ACCOUNTS. The Managers shall maintain separate capital and distribution accounts for each memberMember. Each Member's capital account shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv).I(b)(2)(iv) and shall consist of the Member’s initial capital contribution increased by:
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (SNRG Corp)
MEMBER'S ACCOUNTS. The Managers shall maintain separate capital and distribution accounts for each member. Each Membermember's capital account shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv).1.704-‐l(b)(2)(iv) and shall consist of his initial capital contribution increased by:
Appears in 1 contract
MEMBER'S ACCOUNTS. The Managers shall maintain separate capital and distribution accounts for each member. Each Membermember's capital account shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv).l(b)(2)(iv) and consist of his initial capital contribution increased by:
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Graphite Corp)
MEMBER'S ACCOUNTS. The Managers shall maintain separate capital and distribution accounts for each member. Each Membermember's capital account shall be determined and maintained in the manner set forth in Treasury Regulation 1.704-1(b)(2)(iv).and shall consist of his initial capital contribution increased by:
Appears in 1 contract