Extract to table

Unless otherwise defined herein, capitalized terms used in this Article shall have the meanings ascribed to them in Article I of the Agreement

Any reference herein to a specific section of the Code shall include any successor provision thereto and any Treasury Regulation promulgated thereunder

The Partnership shall establish and maintain a separate Capital Account for each Partner in accordance with Treasury Regulation Section 1

The Capital Accounts shall be maintained for the full term of the Partnership and through the completion of the liquidation and winding up of the Partnership's affairs

Each Partner's Capital Account shall be credited with: (i) the amount of cash actually contributed by such Partner to the Partnership; (ii) the fair market value of any property contributed by such Partner to the Partnership (net of any liabilities secured by such property that the Partnership is considered to assume or take subject to under Section 752 of the Code), as determined by the General Partner in good faith; provided that, with respect to the Contributed Assets, the fair market value shall be the Book Value thereof as set forth in the definition of "Book Value" in Section X

In the event of a transfer of all or a portion of a Partner's interest in the Partnership in accordance with the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor to the extent it relates to the transferred interest