Common use of Current Accounts Clause in Contracts

Current Accounts. The Managing General Partner will establish an account on the books of the Limited Partnership for each of the Partners (each, a “Current Account”), to which Net Profits and all other amounts to which Partners are entitled (other than Capital) will be credited and to which Net Losses and all distributions to Partners (other than distributions of Capital) will be charged.

Current Accounts. The Managing General Partner will establish an account a Current Account on the books of the Limited Partnership for the General Partner and each of the Partners (each, a “Current Account”)Limited Partners, to which Net Profits and all other amounts to which Partners are entitled (other than Capital) will their respective shares of the net income or loss of the Partnership shall be credited or charged and to which Net Losses and all shall be charged with distributions to Partners (other than distributions of Capital) will be chargedmade to them.

Current Accounts. The Managing General Partner will establish an account (a “Current Account”) on the books of the Limited Partnership for each of the General Partner and the Limited Partners (eachand, a “Current Account”)in the case of the Limited Partners, in respect of each Limited Partner) to which Net Profits and all other amounts to which Partners are entitled (other than Capital) Income will be credited and to which Net Losses Loss and all distributions to Partners (other than distributions of Capital) will be charged.