Common use of Opening Accounts Clause in Contracts

Opening Accounts. The Partnership will establish in its records in respect of each Partner as of the date on which that Partner first makes a Capital Contribution a Capital Account with an initial balance equal to the Partner’s initial Capital Contribution to the Partnership to track income, gains, charges and losses attributable to that Capital Account. In addition, the General Partner will have a separate Capital Account (the “ Capital Account”) for

Appears in 1 contract

Sources: Limited Partnership Agreement

Opening Accounts. The Partnership will establish in its records in respect of each Partner as of the date on which that Partner first makes a Capital Contribution a Capital Account with an initial balance equal to the Partner’s initial Capital Contribution to the Partnership to track income, gains, charges and losses attributable to that Capital Account. In addition, the General Partner will have a separate Capital Account (the “ Capital Account”) for.

Appears in 1 contract

Sources: Limited Partnership Agreement

Opening Accounts. The Partnership will establish in its records in with respect of to each Partner (as of the date on which that Partner first makes a Capital Contribution with respect to an Investment) a capital account (a “Capital Account Account”) with an initial balance equal to the Partner’s initial Capital Contribution to the Partnership with respect to such Investment to track income, gains, charges and losses attributable to that Capital Account. In addition, the General Partner will have a separate Capital Account (the “ Capital Account”) for.

Appears in 1 contract

Sources: Limited Partnership Agreement