Capital Account means, with respect to any Member, the capital account maintained for such Member in accordance with the following provisions:
Capital Account means with respect to any Partner, the Capital Account maintained for such Partner in accordance with the following provisions:
Capital Account has the meaning provided in Section 4.04 hereof.
Examples of Capital Account in a sentence
An individual capital account (hereinafter referred to as the “Capital Accounts”) will be maintained for each Partner and their Initial Capital Contribution will be credited to this account, Any Additional Capital Contributions made by any Partner will be credited to that Partner’s individual Capital Account.
The Company will maintain a Capital Account for each Member on a cumulative basis in accordance with federal income tax accounting principles.
More Definitions of Capital Account
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 has the meaning set forth in Section 3.03.
Capital Account means the capital account maintained for any Partner pursuant to Section 4.6.
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 means the capital account established and maintained for each Member pursuant to Section 5.02.
Capital Account means the Capital Account maintained for a Partner pursuant to Exhibit B hereof.