Common use of Capital Accounts of the Members Clause in Contracts

Capital Accounts of the Members. A. The Company shall maintain for each Member a separate Capital Account in accordance with the rules of Regulations Section l.704-l(b)(2)(iv). Such Capital Account shall be increased by (i) the amount of all Capital Contributions and any other deemed contributions made by such Member to the Company pursuant to this Agreement and (ii) all items of Company income and gain (including income and gain exempt from tax) computed in accordance with Section 1.B hereof and allocated to such Member pursuant to Section 6.1 of the Agreement and this Exhibit B, and decreased by (x) the amount of cash or Agreed Value of property actually distributed or deemed to be distributed to such Member pursuant to this Agreement and (y) all items of Company deduction and loss computed in accordance with Section 1.B hereof and allocated to such Member pursuant to Section 6.1 of the Agreement and this Exhibit B.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Welltower OP LLC), Operating Agreement (Broadstone Net Lease, Inc.), Operating Agreement (Broadstone Net Lease, Inc.)

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Capital Accounts of the Members. A. The Company shall maintain for each Member a separate Capital Account in accordance with the rules of Regulations Section l.704-l(b)(2)(iv). Such Capital Account shall be increased by (i) the amount of all Capital Contributions and any other deemed contributions made by such Member to the Company pursuant to this Agreement and (ii) all items of Company income and gain (including income and gain exempt from tax) computed in accordance with Section 1.B 2.B hereof and allocated to such Member pursuant to Section 6.1 of the Agreement and and/or Section 5 of this Exhibit B, and decreased by (x) the amount of cash or Agreed Value of all actual and deemed distributions of property actually distributed or deemed to be distributed made to such Member pursuant to this Agreement and (y) all items of Company deduction and loss computed in accordance with Section 1.B 2.B hereof and allocated to such Member pursuant to Section 6.1 6.2 of the Agreement and and/or Section 5 of this Exhibit B.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Chelsea Gca Realty Inc), Limited Liability Company Agreement (Chelsea Gca Realty Partnership Lp)

Capital Accounts of the Members. A. The Company shall maintain for each Member a separate Capital Account in accordance with the rules of Regulations Section l.704-l(b)(2)(iv). Such Capital Account shall be increased by (i) the amount of all Capital Contributions and any other deemed contributions made by such Member to the Company pursuant to this Agreement and (ii) all items of Company income and gain (including income and gain exempt from tax) computed in accordance with Section 1.B hereof and allocated to such Member pursuant to Section 6.1 of the Agreement and this Exhibit BC thereof, and decreased by (x) the amount of cash or Agreed Value of property actually distributed or deemed to be distributed to such Member pursuant to this Agreement and (y) all items of Company deduction and loss computed in accordance with Section 1.B hereof and allocated to such Member pursuant to Section 6.1 of the Agreement and this Exhibit B.C thereof.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Nexpoint Diversified Real Estate Trust), Limited Liability Company Agreement (Jernigan Capital, Inc.)

Capital Accounts of the Members. A. The Company shall maintain for each Member a separate Capital Account in accordance with the rules of Regulations Section l.7041.704-l(b)(2)(iv1(b)(2)(iv). Such Capital Account shall be increased by (i) the amount of all Capital Contributions and any other deemed contributions made by such Member to the Company pursuant to this Agreement and (ii) all items of Company income and gain (including income and gain exempt from tax) computed in accordance with Section 1.B hereof and allocated to such Member pursuant to Section 6.1 of the Agreement and this Exhibit BC thereof, and decreased by (x) the amount of cash or Agreed Value of all actual and deemed distributions of cash or property actually distributed or deemed to be distributed made to such Member pursuant to this Agreement and (y) all items of Company deduction and loss computed in accordance with Section 1.B hereof and allocated to such Member pursuant to Section 6.1 of the Agreement and this Exhibit B.C thereof.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Trizec Properties Inc), Contribution Agreement (Trizec Properties Inc)

Capital Accounts of the Members. A. The Company shall maintain for each Member a separate Capital Account in accordance with the rules of Regulations Section l.7041.704-l(b)(2)(iv1(b)(2)(iv). Such Capital Account shall be increased by (i) the amount of all Capital Contributions and any other deemed contributions made by such Member to the Company pursuant to this Agreement Agreement; and (ii) all items of Company income and gain (including income and gain exempt from tax) computed in accordance with Section 1.B hereof and allocated to such Member pursuant to Section 6.1 6.1.A of the Agreement and this Exhibit BC hereof, and decreased by (x) the amount of cash or Agreed Value of all actual and deemed distributions of cash or property actually distributed or deemed to be distributed made to such Member pursuant to this Agreement Agreement; and (y) all items of Company deduction and loss computed in accordance with Section 1.B l.B hereof and allocated to such Member pursuant to Section 6.1 6.1.B of the Agreement and this Exhibit B.C hereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Reckson Operating Partnership Lp)

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Capital Accounts of the Members. A. The Company LLC shall maintain for each Member a separate Capital Account in accordance with the rules of Regulations Section l.7041.704-l(b)(2)(iv1(b)(2)(iv). Such Capital Account shall be increased by (i) the amount of all Capital Contributions and any other deemed contributions made by such Member to the Company LLC pursuant to this Agreement Agreement; and (ii) all items of Company LLC income and gain (including income and gain exempt from tax) computed in accordance with Section 1.B hereof and allocated to such Member pursuant to Section 6.1 7.1(a) of the Agreement and this Exhibit BC hereof, and decreased by (x) the amount of cash or Agreed Value of all actual and deemed distributions of cash or property actually distributed or deemed to be distributed made to such Member pursuant to this Agreement Agreement; and (y) all items of Company LLC deduction and loss computed in accordance with Section 1.B hereof and allocated to such Member pursuant to Section 6.1 7.1(b) of the Agreement and this Exhibit B.C hereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Kimco Realty Corp)

Capital Accounts of the Members. A. The Company LLC shall maintain for each Member a separate Capital Account in accordance with the rules of Regulations Section l.7041.704-l(b)(2)(iv1(b)(2)(iv). Such Capital Account shall be increased by (i) the amount of all Capital Contributions and any other deemed contributions made by such Member to the Company LLC pursuant to this Agreement Agreement; and (ii) all items of Company LLC income and gain (including income and gain exempt from tax) computed in accordance with Section 1.B hereof and allocated to such Member pursuant to Section 6.1 7.1(a) of the Agreement and this Exhibit BC hereof, and decreased by (x) the amount of cash or Agreed Value of all actual and deemed distributions of cash or property actually distributed or deemed to be distributed made to such Member pursuant to this Agreement Agreement; and (y) all items of Company LLC deduction and loss computed in accordance with Section 1.B hereof and allocated to such Member pursuant to Section 6.1 7.1(b) of the Agreement and this Exhibit B.C hereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Kimco Realty Corp)

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