As of the end of each Accounting Period, the balance in each Member’s Capital Account shall be adjusted by ( i ) increasing such balance by such Member’s ( A ) allocable share of each item of the Company’s income and gain for such Accounting Period (allocated in accordance with Section 7.1) and ( B ) the amount of cash and the Fair Market Value of any property (as of the date of the contribution thereof and net of any liabilities encumbering such property) contributed to the Company by such Member during such Accounting Period, if any, and ( ii ) decreasing such balance by ( A ) the amount of cash and the Fair Market Value of any property (as of the date of the distribution thereof and net of any liabilities encumbering such property) distributed to such Member during such Accounting Period and ( B ) such Member’s allocable share of each item of the Company’s loss and deduction for such Accounting Period (allocated in accordance with Section 7.1).