Member's Capital Accounts. A Capital Account for the Member shall be maintained by the Company. The Member's Capital Account shall reflect the Member’s capital contributions and increases for any net income or gain of the Company. The Member’s Capital Account shall also reflect decreases for distributions made to the Member and the Member’s share of any losses and deductions of the Company.
Appears in 228 contracts
Samples: Single Member Operating Agreement, Single Member Operating Agreement, Single Member Operating Agreement
Member's Capital Accounts. A Capital Account a. The Company will maintain a separate capital account for the Member shall be maintained by the Companyeach Member. The Each Member's Capital Account shall ’s capital account will reflect the Member’s capital contributions and increases for the Member’s share of any net income or gain of the Company. The Each Member’s Capital Account shall capital account will also reflect decreases for distributions made to the Member and the Member’s share of any losses and deductions of the Company.
Appears in 3 contracts
Samples: Operating Agreement (Eaton Aerospace LLC), Operating Agreement (Eaton Aerospace LLC), Operating Agreement (Eaton Aerospace LLC)
Member's Capital Accounts. A The Company shall maintain the “Capital Account for Account” of the Member shall be maintained by the CompanyMember. The Member's ’s Capital Account shall reflect the Member’s capital contributions and increases contributions, including any increase for any the net income or gain of the Company. The Member’s Capital Account shall also reflect Also, any recorded decreases for distributions made to the Member caused by distributions, losses, and deductions of the Member’s share of any losses and deductions of shall reflect the CompanyMember’s Capital Account.
Appears in 2 contracts
Samples: Single Member Operating Agreement, Single Member Operating Agreement
Member's Capital Accounts. A Capital Account capital account shall be maintained and adjusted for the each Member in accordance with generally accepted accounting principles. The capital account of each Member shall be maintained by credited with the Company. The Member's Capital Account contributions to capital and such Member's share of Company profits, and there shall reflect be charged against the capital account of each Member such Member’s 's share of all cash distributions and Company losses and any permitted withdrawals of capital. Any person who acquires the interest of a Member from another Member shall have a capital contributions and increases for any net income or gain account with respect to such interest equal to the capital account of the Company. The Member’s Capital Account shall also reflect decreases for distributions made to the Member and the Member’s share of any losses and deductions of the Companyfrom which such interest was acquired.
Appears in 2 contracts
Samples: McCarthy Group Inc, Operating Agreement (McCarthy Group Inc)
Member's Capital Accounts. A Capital Account a. The Company will maintain a separate capital account for the Member shall be maintained by the Companyeach Member. The Each Member's Capital Account shall capital account will reflect the Member’s 's capital contributions and increases for the Member's share of any net income or gain of the Company. The Each Member’s Capital Account shall 's capital account will also reflect decreases for distributions made to the Member and the Member’s 's share of any losses and deductions of the Company.
Appears in 1 contract
Member's Capital Accounts. A Capital Account for the sole each Member shall be maintained by the Company. The Member's Capital Account shall reflect the Member’s 's capital contributions and increases for any net income or gain of the Company. The Member’s 's Capital Account shall also reflect decreases for distributions made to the Member and the Member’s 's share of any losses and deductions of the Company.
Appears in 1 contract
Samples: Operating Agreement
