Examples of Negative Capital Account in a sentence
In the claimant’s opinion, all that Captain EE should have taken into account were the two LPC/OPC reports from Captain AA on 9 April 2016 and the Senior Training Captain on 3 May 2016, and that the only training he had been provided with was one sim session with FO 1 on 28 April 2016.
For purposes of this subsection G, in determining whether a Member has a Modified Negative Capital Account, there shall be taken into account those adjustments, allocations and distributions that, as of the end of the year, are reasonably expected to be made.
No Partner shall be obligated to restore a Negative Capital Account during the term of, or upon dissolution of, the Partnership.
No Member shall be obligated to restore a Negative Capital Account.
Although these events were mostly isolated, their occurrence often caused unprecedented procedures to be initiated.