754 Election. The Company shall use reasonable best efforts to cause the JV to make an election under Section 754 of the Code for the taxable year that includes the transactions contemplated by this Agreement, to the extent such an election is not already in effect.
Appears in 4 contracts
Sources: Membership Interest Purchase Agreement (Sculptor Diversified Real Estate Income Trust, Inc.), Membership Interest Purchase Agreement (Sculptor Diversified Real Estate Income Trust, Inc.), Membership Interest Purchase Agreement (Sculptor Diversified Real Estate Income Trust, Inc.)