Partners’ Capital Accounts. (a) There shall be maintained a Capital Account for each Partner in accordance with this Section 5.3 and the principles set forth in Exhibit B attached hereto and made a part hereof. The amount of cash and the Agreed Value of property contributed to the Partnership by each Partner, net of liabilities assumed by the Partnership or securing property contributed by such Partner, shall be credited to its Capital Account, and from time to time, but not less often than annually, the share of each Partner in profits, losses and fair market value of distributions shall be credited or charged to its Capital Account. The determination of Partners' Capital Accounts, and any adjustments thereto, shall be made consistent with tax accounting and other principles set forth in Section 704(b) of the Code and applicable regulations thereunder and Exhibit B attached hereto.
Partners’ Capital Accounts. The Partnership will establish and maintain for each Partner a separate capital account consisting of the Partner’s capital contributions. A Partner may not withdraw any portion of capital from his or her capital account without the written consent of all Partners. Capital Account Interest (Check one) ☐ Interest, at the rates and times as determined by the Partners, will be paid on the capital account of any Partner. ☐ NO interest will be paid on the capital account of any Partner. ☐
Partners’ Capital Accounts. (a) There shall be maintained a Capital Account for each Partner in accordance with this Section 5.3 and the principles set forth in Exhibit B attached hereto and made a part hereof. The amount of cash and the Agreed Value of property contributed to the Partnership by each Partner, net of liabilities assumed by the Partnership or securing property contributed by such Partner, shall be credited to its Capital Account, and from time to time, but not less often than annually, the share of each Partner in profits, losses and Carrying Value of distributions (net of liabilities secured by the distributed property that such Partner is considered to assume or take subject to) shall be credited or charged to its Capital Account. The determination of Partners’ Capital Accounts, and any adjustments thereto, shall be made consistent with tax accounting and other principles set forth in Section 704(b) of the Code and applicable Treasury Regulations thereunder and Exhibit B attached hereto.
Partners’ Capital Accounts. Permit the aggregate capital accounts of Borrower's partners, determined in accordance with GAAP, to be less than $15,000,000 as of the end of any Quarter after the date hereof.
Partners’ Capital Accounts. The Partnership shall establish and maintain a separate capital account for each Partner according to the rules of Treasury Regulation Section 1.704‑1(b)(2)(iv) (a “Capital Account”).
Partners’ Capital Accounts. 7.3.1 There shall be established on the books and records of the Partnership a capital account (a "Capital Account") for each Partner. In the event of any transfer of any Partnership Interest in accordance with the terms of this Agreement, the transferee shall, in accordance with the terms of the applicable transfer agreement succeed to the Capital Account of the transferor to the extent it relates to the transferred interest.
Partners’ Capital Accounts. Permit the aggregate capital accounts of Borrower's partners, determined in accordance with generally accepted accounting principles, to be less than $10,000,000 as of the end of any Quarter after the date hereof.
Partners’ Capital Accounts. The Partnership shall maintain a separate Capital Account for each Partner. Capital Accounts shall be credited and charged as follows:
Partners’ Capital Accounts. 6.1 CAPITAL ACCOUNTS. A capital account shall be established and maintained for each Partner on the Partnership books (a "CAPITAL ACCOUNT"). Each Partner's Capital Account shall be his Initial Contribution ("ORIGINAL CAPITAL ACCOUNT") as adjusted pursuant to the terms of this Agreement. The Capital Accounts of Allegany and LYA shall be adjusted to reflect the activities of the Partnership prior to the date hereof.
Partners’ Capital Accounts. The Partnership or General Partner shall establish and maintain a capital account for each Partner in accordance with Treas. Reg. § 1.704-1(b)(2)(iv) (each, a “Capital Account”). The Partnership may maintain Capital Account subaccounts for different classes of Interests, and any provisions of this Agreement pertaining to Capital Account maintenance shall apply, mutatis mutandis, to those subaccounts.
