Examples of Negative Capital Account in a sentence
A Redeeming Partner's Hypothetical Negative Capital Account Balance is the hypothetical amount such Redeeming Partner would have had to pay to the Partnership pursuant to his obligations under Section 13.4 hereof if he had remained as an Additional Limited Partner until the liquidation of the Partnership.
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 Member shall be obligated to restore a Negative Capital Account.
No Partner shall be obligated to restore a Negative Capital Account during the term of, or upon dissolution of, the Partnership.
Although these events were mostly isolated, their occurrence often caused unprecedented procedures to be initiated.