Common use of Basis Adjustment Clause in Contracts

Basis Adjustment. Upon the transfer of all or part of a membership interest in the Company, at the request of the transferee of the interest, the Managers may, in their sole discretion, cause the Company to elect, pursuant to Section 754 of the Code or the corresponding provisions of subsequent law, to adjust the basis of the Company properties as provided in Sections 734 and 743 of the Code.

Basis Adjustment. Upon the transfer of all or part of a membership interest in the Company, at the request of the transferee of the interest, the Managers may, in their sole discretion, cause the Company to elect, pursuant to Section 754 of the Code or the corresponding provisions of subsequent law, to adjust the basis of the Company properties as provided in Sections 734 and 743 of the Code.. Article 9‌

Basis Adjustment. Upon the transfer of all or part of a membership interest in the Company, at the request of the transferee of the interest, the Managers Members may, in their sole discretion, cause the Company to elect, pursuant to Section section 754 of the Code or the corresponding provisions of subsequent law, to adjust the basis of the Company properties as provided in Sections sections 734 and 743 of the Code.

Basis Adjustment. Upon the transfer of all or part of a membership interest in the Company, at the request of the transferee of the interest, the Managers Members may, in their sole discretion, cause the Company to elect, pursuant to Section section 754 of the Code or the corresponding provisions of subsequent law, to adjust the basis of the Company properties as provided in Sections sections 734 and 743 of the Code. Exculpation, Indemnification and Advancement Exculpation.

Basis Adjustment. Upon the transfer of all or part of a membership an interest in the Company, at the request of the transferee of the interest, interest the Managers president may, in their sole discretionupon approval of all of the Members, cause the Company to elect, pursuant to Section section 754 of the Code or the corresponding provisions of subsequent law, to adjust the basis of the Company properties as provided in Sections 734 by sections 754 and 743 of the Code.

Basis Adjustment. Upon the transfer of all or part of a membership interest in the 791 Company, at the request of the transferee of the interest, the Managers may, in their sole discretion, 792 cause the Company to elect, pursuant to Section 754 of the Code or the corresponding provisions 793 of subsequent law, to adjust the basis of the Company properties as provided in Sections 734 and 794 743 of the Code.. 795 Article 9 796 Exculpation, Scope of Duties, Indemnification and Advancement 797

Basis Adjustment. Upon the transfer of all or part of a membership an interest in the Company, at the request of the transferee of the interest, interest the Managers Tax Matters Partner may, in their its sole discretion, cause the Company to elect, pursuant to Section 754 of the Code or the corresponding provisions of subsequent law, to adjust the basis of the Company properties as provided in by Sections 734 and 743 of the Code.

Basis Adjustment. Upon the transfer of all or part of a membership an interest in the Company, at the request of the transferee of the interest, the Managers Manager may, in their sole its reasonable discretion, cause the Company to elect, pursuant to Section 754 of the Code or the corresponding provisions of subsequent law, to adjust the basis of the Company properties as provided in by Sections 734 and 743 of the Code.

Basis Adjustment. Upon In the event of a transfer of all or part of a membership interest in Member's Interest, the Company, at in the request sole discretion of the transferee of the interestManager, the Managers may, in their sole discretion, cause the Company to elect, pursuant to may elect under Section 754 of the Code or the corresponding provisions of subsequent law, to adjust the basis of the Company properties as provided in Sections 734 and 743 asset of the CodeCompany.