Common use of Contributed Property Clause in Contracts

Contributed Property. Income, gain, loss and deduction, as computed for the purpose of determining taxable income, with respect to any property contributed to the capital of the Company shall, solely for tax purposes, be allocated among the Members so as to take account of any variation between the adjusted basis of such property to the Company for Federal income tax purposes and its initial Gross Asset Value in accordance with Code Section 704(c) and the Regulations thereunder.

Contributed Property. IncomeIn accordance with §704(c) of the Code and the Regulations thereunder, income, gain, loss loss, and deduction, as computed for the purpose of determining taxable income, deduction with respect to any property contributed to the capital of the Company shall, solely for tax purposes, be allocated among the Members so as to take account of any variation between the adjusted basis of such property to the Company for Federal federal income tax purposes and its initial Gross Asset Value in accordance with Code Section 704(c) and the Regulations thereunderBook Value.

Contributed Property. IncomeIn accordance with Code Section 704(c) and the Regulations thereunder, income, gain, loss and deduction, as computed for the purpose of determining taxable income, deduction with respect to any property contributed to the capital of the Company shallassets shall be, solely for tax purposes, be allocated among the Members so as to take account of any variation between the adjusted basis of such property asset to the Company for Federal federal income tax purposes and its initial Gross Asset Value in accordance with Code Section 704(c) and the Regulations thereunderValue.

Contributed Property. Income, gain, loss and -------------------- deduction, as computed for the purpose of determining taxable income, with respect to any property contributed to the capital of the Company Partnership shall, solely for tax purposes, be allocated among the Members Partners so as to take account of any variation between the adjusted basis of such property to the Company Partnership for Federal federal income tax purposes and its initial Gross Asset Value in accordance with Code Section 704(c) and the Regulations thereunder.

Contributed Property. Income, gain, loss and deduction, as computed for the purpose of determining taxable income, deductions with respect to any property contributed to the capital of the Company shall, solely for federal income tax purposes, be allocated among the Members so as to take account of any variation between the adjusted basis of such property to the Company for Federal federal income tax purposes and its initial Gross Asset Value fair market value at time of contribution in accordance with Code Section 704(c) and the Treasury Regulations thereunder.

Contributed Property. IncomeIn accordance with the rules of JRC § 704(c) and the Treasury Regulations promulgated thereunder, items of income, gain, loss loss, and deduction, as computed for the purpose of determining taxable income, deduction with respect to any property contributed to the capital of the Company shall, solely for tax purposes, be allocated among the Members so as to take account of any variation between the adjusted basis of such property to the Company for Federal federal income tax purposes and its initial Gross Asset Value in accordance with Code Section 704(c) and fair market value at the Regulations thereundertime of contribution.