Member's Capital Accounts. A Capital Account for the Member shall be maintained by the Company. The Member's Capital Account shall reflect the Member’s capital contributions and increases for any net income or gain of the Company. The Member’s Capital Account shall also reflect decreases for distributions made to the Member and the Member’s share of any losses and deductions of the Company.
Appears in 225 contracts
Samples: Single Member Operating Agreement, Sole Member Operating Agreement, Single Member Operating Agreement
Member's Capital Accounts. A The Company shall maintain the “Capital Account for Account” of the Member shall be maintained by the CompanyMember. The Member's ’s Capital Account shall reflect the Member’s capital contributions and increases contributions, including any increase for any the net income or gain of the Company. The Member’s Capital Account shall also reflect Also, any recorded decreases for distributions made to the Member caused by distributions, losses, and deductions of the Member’s share of any losses and deductions of shall reflect the CompanyMember’s Capital Account.
Appears in 2 contracts
Samples: Single Member Operating Agreement, Single Member Operating Agreement
Member's Capital Accounts. A Capital Account for the sole each Member shall be maintained by the Company. The Member's Capital Account shall reflect the Member’s 's capital contributions and increases for any net income or gain of the Company. The Member’s 's Capital Account shall also reflect decreases for distributions made to the Member and the Member’s 's share of any losses and deductions of the Company.
Appears in 1 contract
Samples: Operating Agreement
