Book Capital Accounts. (a) A Book Capital Account shall be maintained for each Holder of each Portfolio. With respect to each Portfolio, each Holder's Book Capital Account (i) shall be credited with the amount(s) of consideration paid by the Holder to purchase or increase its Interest in that Portfolio and with the Holder's share of that Portfolio's Net Profits, (ii) shall be charged with the Holder's share of that Portfolio's Net Losses, distributions to the Holder, and withholding taxes (if any), and (iii) shall otherwise appropriately reflect transactions of that Portfolio and its Holders. No interest shall be paid on any amount of consideration paid to the Trust to purchase or increase Interests.
Appears in 6 contracts
Samples: Agreement and Declaration of Trust (Global Investment Portfolio), Agreement and Declaration (Growth Portfolio/Ca/), Agreement and Declaration (Global High Income Portfolio)
