Contributions and Capital Accounts. 17 SECTION 6.1
Contributions and Capital Accounts. 13 7.1. Contributions.........................................................14 7.2. No Obligation to Restore Deficit Balance..............................14 7.3. Withdrawal; Successors................................................14 7.4. Interest ............................................................14 7.5.
Contributions and Capital Accounts. 19 SECTION 5.01. Capital Contributions.................................. 19 SECTION 5.02.
Contributions and Capital Accounts. 1. Capital Contributions - Each Initial Member shall make the Capital Contribution described for that Member on Exhibit A at the time and on the terms specified on Exhibit A. If no time for contribution is specified, the Capital Contributions shall be made upon the filing of the Articles of Organization. The value of the Capital Contributions shall be as set forth on Exhibit A. No interest shall accrue on any Capital Contribution and no Member shall have the right to withdraw or be repaid any Capital Contribution except as provided in this Operating Agreement. Each Additional Member shall make the Initial Capital Contribution described in the Admission Agreement. The value of the Additional Member's Initial Capital Contribution and the time for making such contribution shall be set forth in the Admission Agreement.
Contributions and Capital Accounts. Section 5.1 Capital Contributions 10 Section 5.2 Loans by Members 10 Section 5.3 Return of Capital Contributions; Interest 10 Section 5.4 Capital Accounts 10 Section 5.5 Negative Capital Accounts 11 ARTICLE VI DISTRIBUTIONS 11 Section 6.1 ~General 11 Section 6.2 Tax Distributions 12 Section 6.3 ~Withholding 12 Section 6.4 Set-Off 13 ARTICLE VII ALLOCATIONS 13
Contributions and Capital Accounts. 5.1. Each Partner must contribute to the Partnership as follows (provide descriptions of contributions; if there is Partner who gets ownership of the contributed property, for example, if the partners acquire joint ownership or one Partner gets ownership and the remaining Partners get the right to use and enjoy the property; the due date for contributions; the method of effecting delivery, if any; and who is responsible for paying expenses related to the contributions, if any. See clause 6.1 relating to the payment of expenses):
Contributions and Capital Accounts. 29 7.1 Members' Initial Capital Contribution .....29 7.2
Contributions and Capital Accounts. 17 SECTION 6.1 Initial Capital Contributions......................17 SECTION 6.2 Maintenance of Capital Accounts....................17 SECTION 6.3 Adjustments to Capital Accounts upon Distribution of Assets..........................................18 SECTION 6.4 Revaluation of Company Property....................18 SECTION 6.5 Transfer of Capital Accounts.......................18 SECTION 6.6 Compliance with Section 704(b) of the Code.........18
Contributions and Capital Accounts. 4.1 Contributions. . . . . . . . . . . . . . . . . . . . . . . . 21 4.2
Contributions and Capital Accounts. Section 6.1 CAPITAL CONTRIBUTIONS......................................................................22 Section 6.2 PREEMPTIVE RIGHTS..........................................................................22 Section 6.3 NO RIGHTS TO RETURN OF CAPITAL CONTRIBUTIONS OR TO WITHDRAW................................23 Section 6.4 CAPITAL ACCOUNTS...........................................................................23 Section 6.5 SALE OR EXCHANGE OF INTEREST...............................................................23 Section 6.6 COMPLIANCE WITH SECTION 704(b) OF THE CODE.................................................23 ARTICLE 7 ALLOCATIONS Section 7.1 ALLOCATION OF PROFITS......................................................................23 Section 7.2 ALLOCATION OF LOSSES.......................................................................24 Section 7.3 COMPANY MINIMUM GAIN CHARGEBACK............................................................24 Section 7.4 MEMBER NONRECOURSE DEDUCTIONS..............................................................24 Section 7.5 MEMBER MINIMUM GAIN CHARGEBACK.............................................................25 Section 7.6 QUALIFIED INCOME OFFSET....................................................................25 Section 7.7 COMPLIANCE WITH SECTION 704(c) OF THE CODE.................................................25
