Capital Account definition

Capital Account means, with respect to any Partner, the Capital Account maintained for such Partner in accordance with the following provisions:

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Capital Account means, with respect to any Member, the Capital Account maintained for such Member in accordance with Section 4.4.

Capital Account has the meaning provided in Section 4.4 hereof.

Examples of Capital Account in a sentence

In the event that any Member shall have a deficit balance in its Capital Account, such Member shall have no obligation, including during the Term or upon dissolution or liquidation of the Company, to restore such negative balance or make any Capital Contributions to the Company by reason thereof, except as may be required by Applicable Law or in respect of any negative balance resulting from a withdrawal of capital or dissolution in contravention of this Agreement.
No Member shall receive any interest, salary, management, or service fees, or drawing with respect to its Capital Contributions or its Capital Account, except as otherwise provided in this Agreement or any JV Agreement.
No Member shall be entitled to withdraw any part of its Capital Account or to receive any distribution from the Company, except as otherwise provided in this Agreement.
The Capital Account of a Partner will be (i) increased by (a) the amount of all capital contributions (“Capital Contributions”) by that Partner to the Fund; and (b) any Profits (or items of gross income) allocated to that Partner; and (ii) decreased by (a) the amount of any Losses (or items of loss) allocated to that Partner; and (b) the amount of any distributions to that Partner.
No Member may withdraw any amount from its Capital Account unless such withdrawal is made pursuant to Sections 5.2, 6.4 or 8.2. A holder of Interest(s) shall not have the status of, and is not entitled to the remedies available to, a creditor of the Fund with regard to distributions that such holder of Interest(s) becomes entitled to receive pursuant to this Agreement and the Act.

More Definitions of Capital Account

Capital Account means the capital account maintained for a Member in accordance with Section 5.01.

Capital Account means the capital account maintained for a Partner pursuant to Section 5.5. The “Capital Account” of a Partner in respect of any Partnership Interest shall be the amount that such Capital Account would be if such Partnership Interest were the only interest in the Partnership held by such Partner from and after the date on which such Partnership Interest was first issued.

Capital Account for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).

Capital Account has the meaning set forth in Section 3.03.

Capital Account means the Capital Account maintained for a Partner pursuant to Exhibit B hereof.

Capital Account means, with respect to any Partner, the Capital Account established for such Partner pursuant to Section 4.3.

Capital Account has the meaning set forth in Section 5.03.