Capital Accounts of Partners and Operation Thereof Sample Clauses

Capital Accounts of Partners and Operation Thereof. Section 5.01 Capital Contributions‌ (a) Each Partner has paid or conveyed by way of contribution to the Partnership cash having an aggregate value as set forth in the Partnership's books and records. Additional Capital Contributions may be made by Limited Partners only in accordance with the provisions of this Section 5.01. (b) With the prior consent of the General Partner, which may be given or withheld in its sole discretion, a Limited Partner may make additional Capital Contributions to the Partnership in cash at such time as the General Partner may permit. (c) The General Partner may make Capital Contributions to the Partnership in cash at such times as it may determine.
Capital Accounts of Partners and Operation Thereof. Section 5.01
Capital Accounts of Partners and Operation Thereof 

Related to Capital Accounts of Partners and Operation Thereof

  • Capital Accounts The Company will maintain a Capital Account for each Member on a cumulative basis in accordance with federal income tax accounting principles.