Common use of Decreases Clause in Contracts

Decreases. The Capital Account of a Member shall be decreased by: (i) The amount of cash distributed to such Member; (ii) The agreed fair market value of all actual and deemed distributions of property made to such Member pursuant to this Agreement (net of liabilities secured by such distributed property that the Member is deemed to assume or take subject to under Code Section 752); and (iii) All items of LLC deduction and loss allocated to such Member pursuant to Article IV or other provisions of this Agreement.

Decreases. The Each Member’s Capital Account of a Member shall be decreased by: : (i) The amount any distributions to such Member of cash distributed or property to the extent of the net fair market value thereof (net of any liabilities that the Member assumes or to which such Member; property is subject); (ii) The agreed fair market value such Member’s distributive share of all actual and deemed distributions of property made Company Losses or items thereof that are allocated to such Member pursuant to this Agreement Agreement; and (net of liabilities secured by iii) such distributed property that other items as are required pursuant to the Member is deemed to assume or take subject to Regulations under Code Section 752704(b); and (iii) All items of LLC deduction and loss allocated to such Member pursuant to Article IV or other provisions of this Agreement.

Decreases. The Each Member’s Capital Account of a Member shall be decreased by: by (i) The the amount of cash and the Gross Asset Value of any property distributed to such Member; (ii) The agreed fair market value of all actual and deemed distributions of property made to such Member pursuant to any provision of this Agreement Agreement, (net ii) such Member’s allocable share of liabilities secured by such distributed property Losses and any items in the nature of expenses or losses that the Member is deemed are specially allocable pursuant to assume or take subject to under Code Section 752); and Article 4, and (iii) All items the amount of LLC deduction and loss allocated to any liabilities of such Member pursuant assumed by the Company or that are secured by any property contributed by such Member to Article IV or other provisions of this Agreementthe Company.

Decreases. The Each Member's Capital Account of a Member shall be decreased by: by (i) The amount any distributions to such Member of cash distributed or property to the extent of the net fair market value thereof (net of any liabilities that the Member assumes to which such Member; property is subject); (ii) The agreed fair market value such Member's distributive share of all actual and deemed distributions of property made Company Losses or items thereof that are allocated to such Member pursuant to this Agreement Agreement; (net iii) such Member's distributive share of liabilities secured by any expenditures described in Section 705(a)(2)(B) of the Code; and (iv) such distributed property that other items as are required pursuant to the Member is deemed to assume or take subject to Regulations under Code Section 752704(b); and (iii) All items of LLC deduction and loss allocated to such Member pursuant to Article IV or other provisions of this Agreement.

Decreases. The Each Member's Capital Account of a Member shall be decreased by: (i) The amount : any distributions to the Member of cash distributed or property to such Member; (ii) The agreed the extent of the net fair market value thereof (net of all actual and deemed distributions any liabilities which the Member assumes to which such property is subject); distributive share of property made Company Losses or items thereof which are allocated to such Member pursuant to this Agreement (net Agreement; the Member's distributive share of liabilities secured by any expenditures described in Section 705(a)(2)(B) of the Code; and such distributed property that other items as are required pursuant to the Member is deemed to assume or take subject to Regulations under Code Section 752704(b); and (iii) All items of LLC deduction and loss allocated to such Member pursuant to Article IV or other provisions of this Agreement.

Decreases. The Capital Account of a each Member shall be decreased by: (iA) The the amount of cash distributed to such Member; (iiB) The the agreed fair market value of all actual and deemed distributions of property made to such Member pursuant to this Agreement (net of liabilities secured by such distributed property that the Member is deemed considered to assume or take subject to under Code Section 752); and; (iiiC) All all items of LLC deduction Loss and other “book” items of expense or loss allocated to such Member pursuant to Article IV 4 or other provisions of this the Agreement; and (D) any other decreases to capital accounts required by Regulations Section 1.704-1(b)(2)(iv).

Decreases. The Each Member’s Capital Account of a Member shall be decreased by: (i) The amount Distributions of cash distributed to such Memberand/or property at its agreed upon fair market value; (ii) The agreed fair market value of all actual and deemed distributions of property made to such Member pursuant to this Agreement (net of liabilities secured by such distributed property that the Member is deemed to assume or take subject to under Code Section 752); and (iii) All items of LLC deduction and loss allocated to such Member pursuant to Article IV or other provisions of this Agreement(including deductions and loss exempt from tax).