{"component": "clause", "props": {"groups": [{"size": 22, "snippet": "To the extent an adjustment to the adjusted tax basis of any Partnership asset pursuant to Section 734(b) or 743(b) of the Code is required, pursuant to Section 1.704-1(b)(2)(iv)(m) of the Regulations, to be taken into account in determining Capital Accounts, the amount of such adjustment to the Capital Accounts shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis), and such gain or loss shall be specially allocated to the Partners in a manner consistent with the manner in which their Capital Accounts are required to be adjusted pursuant to such Section of the Regulations.", "snippet_links": [{"key": "to-the-extent", "type": "clause", "offset": [0, 13]}, {"key": "adjustment-to", "type": "clause", "offset": [17, 30]}, {"key": "basis-of", "type": "clause", "offset": [48, 56]}, {"key": "partnership-asset", "type": "definition", "offset": [61, 78]}, {"key": "pursuant-to-section", "type": "clause", "offset": [79, 98]}, {"key": "the-code", "type": "clause", "offset": [119, 127]}, {"key": "the-regulations", "type": "clause", "offset": [185, 200]}, {"key": "capital-accounts", "type": "definition", "offset": [242, 258]}, {"key": "the-capital", "type": "clause", "offset": [293, 304]}, {"key": "the-adjustment", "type": "clause", "offset": [354, 368]}, {"key": "the-basis", "type": "clause", "offset": [379, 388]}, {"key": "the-asset", "type": "clause", "offset": [392, 401]}, {"key": "gain-or-loss", "type": "clause", "offset": [462, 474]}, {"key": "allocated-to", "type": "definition", "offset": [494, 506]}, {"key": "the-partners", "type": "definition", "offset": [507, 519]}, {"key": "consistent-with-the", "type": "clause", "offset": [532, 551]}, {"key": "pursuant-to-such", "type": "clause", "offset": [619, 635]}], "samples": [{"hash": "9sX7AV8rBwa", "uri": "/contracts/9sX7AV8rBwa#basis-adjustments", "label": "Limited Partnership Agreement (Young Touchstone Co)", "score": 28.5455169678, "published": true}, {"hash": "1dZmydg9m5X", "uri": "/contracts/1dZmydg9m5X#basis-adjustments", "label": "Limited Partnership Agreement (Safeway Stores 42, Inc.)", "score": 28.3785076141, "published": true}, {"hash": "eIWWXMCpLhj", "uri": "/contracts/eIWWXMCpLhj#basis-adjustments", "label": "Partnership Agreement (Home Interiors & Gifts Inc)", "score": 18.0, "published": true}], "hash": "0128544c885dda8bd75336045336d582", "id": 1}, {"size": 20, "snippet": "The Parties acknowledge and agree that (A) each Redemption shall be treated as a direct purchase of Units by the Corporation from the applicable Member pursuant to Section 707(a)(2)(B) of the Code and (B) each Exchange will give rise to Basis Adjustments. In connection with any Exchange, the Parties acknowledge and agree that pursuant to applicable law the Corporation\u2019s share of the basis in the Reference Assets shall be increased (or decreased) by the excess (or deficiency), if any, of (A) the sum of (x) the Market Value of Class A Common Stock or the cash transferred to a Member pursuant to an Exchange as payment for the Units, (y) the amount of payments made pursuant to this Agreement with respect to such Exchange and (z) the amount of liabilities allocated to the Units acquired pursuant to the Exchange, over (B) the Corporation\u2019s proportionate share of the basis of the Reference Assets immediately after the Exchange attributable to the Units exchanged, determined as if each member of the SSE Holdings Group (including, for the avoidance of doubt, SSE Holdings) remains in existence as an entity for tax purposes and no member of the SSE Holdings Group (including, for the avoidance of doubt, SSE Holdings) made the election provided by Section 754 of the Code. For the avoidance of doubt, payments made under this Agreement shall not be treated as resulting in a Basis Adjustment to the extent such payments are treated as Imputed Interest or are Actual Interest Amounts. 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"label": "Tax Receivable Agreement (Bridge Investment Group Holdings Inc.)", "score": 32.4989738464, "published": true}], "hash": "ddbced020588dfbd9fe195008221bc64", "id": 3}, {"size": 11, "snippet": "To the extent an adjustment to the adjusted tax basis of any Company asset pursuant to I.R.C. Section 734(b) or I.R.C. Section 743(b) is required under Treasury Regulations Section 1.704-1(b)(2)(iv)(m) to be taken into account in determining Capital Accounts, the amount of such adjustment to the Capital Accounts shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis) and such gain or loss shall be specially allocated to the Members in a manner consistent with the manner in which their Capital Accounts are required to be adjusted pursuant to such Section of the Treasury Regulations.", "snippet_links": [{"key": "to-the-extent", "type": "clause", "offset": [0, 13]}, {"key": "adjustment-to", "type": "clause", "offset": [17, 30]}, {"key": "basis-of", "type": "clause", "offset": [48, 56]}, {"key": "company-asset", "type": "definition", "offset": [61, 74]}, {"key": "treasury-regulations", "type": "clause", "offset": [152, 172]}, {"key": "capital-accounts", "type": "definition", "offset": [242, 258]}, {"key": "the-capital", "type": "clause", "offset": [293, 304]}, {"key": "the-adjustment", "type": "clause", "offset": [354, 368]}, {"key": "the-basis", "type": "clause", "offset": [379, 388]}, {"key": "the-asset", "type": "clause", "offset": [392, 401]}, {"key": "gain-or-loss", "type": "clause", "offset": [461, 473]}, {"key": "to-the-members", "type": "clause", "offset": [503, 517]}, {"key": "consistent-with-the", "type": "clause", "offset": [530, 549]}, {"key": "pursuant-to-such", "type": "clause", "offset": [617, 633]}], "samples": [{"hash": "ARvHihxOQ4", "uri": "/contracts/ARvHihxOQ4#basis-adjustments", "label": "Operating Agreement", "score": 27.986995697, "published": true}, {"hash": "l1gUz6q0DHv", "uri": "/contracts/l1gUz6q0DHv#basis-adjustments", "label": "Limited Liability Company Agreement (Martin Midstream Partners Lp)", "score": 23.8446273804, "published": true}, {"hash": "kyD1OPKCEwT", "uri": "/contracts/kyD1OPKCEwT#basis-adjustments", "label": "Limited Liability Company Agreement (Martin Midstream Partners Lp)", "score": 23.0314846039, "published": true}], "hash": "56f0563074482ce9495d18a0a287c2b2", "id": 4}, {"size": 9, "snippet": "The Parties acknowledge and agree that (A) each Redemption using cash contributed by the Corporation to Operating Company shall be treated as a direct purchase of Common Units by the Corporation from the applicable Member (and thus as an Exchange) pursuant to Section 707(a)(2)(B) of the Code to the extent allowed by law and (B) each Exchange will give rise to Basis Adjustments. In connection with any Exchange, the Parties acknowledge and agree that pursuant to applicable law the Corporation\u2019s share of the basis in the Reference Assets shall be increased (or decreased) by the excess (or deficiency), if any, of (A) the sum of (x) the Market Value of the Class A Common Stock or the cash transferred to a Member pursuant to an Exchange as payment for the Common Units or, in the case of an Exchange involving all or a portion of the Call Option, the Call Option Consideration, (y) the amount of payments made pursuant to this Agreement with respect to such Exchange and (z) the amount of liabilities allocated to the Common Units acquired pursuant to the Exchange, over (B) the Corporation\u2019s proportionate share of the basis of the Reference Assets immediately after the Exchange attributable to the Common Units exchanged, determined as if each member of the Operating Company Group (including, for the avoidance of doubt, Operating Company) remains in existence as an entity for tax purposes and no member of the Operating Company Group (including, for the avoidance of doubt, Operating Company) made the election provided by Section 754 of the Code. For the avoidance of doubt, payments made under this Agreement shall not be treated as resulting in a Basis Adjustment to the extent such payments are treated as Imputed Interest or are Actual Interest Amounts. Further, the Parties intend that Basis Adjustments be calculated in accordance with Treasury Regulations Section 1.743-1. Any Exchange that does not result in an adjustment or adjustments under Section 743(b) of the Code, but instead results in an adjustment or adjustments pursuant to Section 734(b) of the Code, shall give rise to Basis Adjustments to the extent of adjustments to the Corporation\u2019s share of the common basis of the assets of the Operating Company Group.", "snippet_links": [{"key": "the-parties-acknowledge-and-agree-that", "type": "clause", "offset": [0, 38]}, {"key": "by-the-corporation", "type": "clause", "offset": [82, 100]}, {"key": "purchase-of-common-units", "type": "clause", "offset": [151, 175]}, {"key": "applicable-member", "type": "definition", "offset": [204, 221]}, {"key": "an-exchange", "type": "clause", "offset": [235, 246]}, {"key": "pursuant-to-section", "type": "clause", "offset": [248, 267]}, {"key": "the-code", "type": "clause", "offset": [284, 292]}, {"key": "to-the-extent-allowed-by-law", "type": "clause", "offset": [293, 321]}, {"key": "in-connection-with", "type": "clause", "offset": [381, 399]}, {"key": "applicable-law", "type": "definition", "offset": [465, 479]}, {"key": "the-basis", "type": "clause", "offset": [507, 516]}, {"key": "reference-assets", "type": "definition", "offset": [524, 540]}, {"key": "the-excess", "type": "clause", "offset": [578, 588]}, {"key": "sum-of", "type": "clause", "offset": [625, 631]}, {"key": "market-value", "type": "definition", "offset": [640, 652]}, {"key": "class-a-common-stock", "type": "definition", "offset": [660, 680]}, {"key": "a-member", "type": "definition", "offset": [708, 716]}, {"key": "payment-for-the", "type": "clause", "offset": [744, 759]}, {"key": "in-the-case-of-an", "type": "clause", "offset": [777, 794]}, {"key": "a-portion", "type": "definition", "offset": [821, 830]}, {"key": "the-call-option", "type": "clause", "offset": [834, 849]}, {"key": "call-option-consideration", "type": "definition", "offset": [855, 880]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [914, 940]}, {"key": "with-respect-to", "type": "clause", "offset": [941, 956]}, {"key": "allocated-to", "type": "definition", "offset": [1005, 1017]}, {"key": "the-exchange", "type": "clause", "offset": [1056, 1068]}, {"key": "proportionate-share", "type": "clause", "offset": [1097, 1116]}, {"key": "basis-of", "type": "clause", "offset": [1124, 1132]}, {"key": "each-member", "type": "definition", "offset": [1246, 1257]}, {"key": "operating-company-group", "type": "definition", "offset": [1265, 1288]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [1301, 1327]}, {"key": "in-existence", "type": "definition", "offset": [1356, 1368]}, {"key": "tax-purposes", "type": "definition", "offset": [1386, 1398]}, {"key": "no-member-of-the", "type": "clause", "offset": [1403, 1419]}, {"key": "the-election", "type": "clause", "offset": [1508, 1520]}, {"key": "section-754", "type": "clause", "offset": [1533, 1544]}, {"key": "adjustment-to", "type": "clause", "offset": [1666, 1679]}, {"key": "imputed-interest", "type": "definition", "offset": [1720, 1736]}, {"key": "interest-amounts", "type": "definition", "offset": [1751, 1767]}, {"key": "in-accordance-with", "type": "definition", "offset": [1834, 1852]}, {"key": "treasury-regulations", "type": "clause", "offset": [1853, 1873]}, {"key": "adjustments-to", "type": "clause", "offset": [2108, 2122]}, {"key": "to-the-corporation", "type": "clause", "offset": [2149, 2167]}, {"key": "common-basis", "type": "definition", "offset": [2183, 2195]}, {"key": "the-assets", "type": "clause", "offset": [2199, 2209]}], "samples": [{"hash": "26zt9d4Ssg4", "uri": "/contracts/26zt9d4Ssg4#basis-adjustments", "label": "Tax Receivable Agreement (EVO Payments, Inc.)", "score": 29.6050643921, "published": true}, {"hash": "3dz4MrE7egW", "uri": "/contracts/3dz4MrE7egW#basis-adjustments", "label": "Tax Receivable Agreement (EVO Payments, Inc.)", "score": 29.3832988739, "published": true}, {"hash": "8RMdymtwMoF", "uri": "/contracts/8RMdymtwMoF#basis-adjustments", "label": "Tax Receivable Agreement (EVO Payments, Inc.)", "score": 29.3449687958, "published": true}], "hash": "3a25ab9a3564801a929ac410775609c1", "id": 5}, {"size": 8, "snippet": "To the extent an adjustment to the adjusted tax basis of any Company asset pursuant to Code Section 734(b) or Code Section 743(b) is required under Treasury Regulations Section 1.704-1(b)(2)(iv)(m) to be taken into account in determining Capital Accounts, the amount of such adjustment to the Capital Accounts shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis) and such gain or loss shall be specially allocated to the Members in a manner consistent with the manner in which their Capital Accounts are required to be adjusted pursuant to such Section of the Treasury Regulations; provided, in the event that an adjustment to the Book Value of Company property is made as a result of an adjustment pursuant to Section 734(b) of the Code, items of income, gain, loss or deduction, as computed for book and tax purposes, shall be specially allocated among the Members so that the effect of any such adjustment shall benefit (or be borne by) the Member(s) receiving the distribution which caused such adjustment.", "snippet_links": [{"key": "to-the-extent", "type": "clause", "offset": [0, 13]}, {"key": "adjustment-to", "type": "clause", "offset": [17, 30]}, {"key": "basis-of", "type": "clause", "offset": [48, 56]}, {"key": "company-asset", "type": "definition", "offset": [61, 74]}, {"key": "code-section", "type": "definition", "offset": [87, 99]}, {"key": "treasury-regulations", "type": "clause", "offset": [148, 168]}, {"key": "capital-accounts", "type": "definition", "offset": [238, 254]}, {"key": "the-capital", "type": "clause", "offset": [289, 300]}, {"key": "the-adjustment", "type": "clause", "offset": [350, 364]}, {"key": "the-basis", "type": "clause", "offset": [375, 384]}, {"key": "the-asset", "type": "clause", "offset": [388, 397]}, {"key": "gain-or-loss", "type": "clause", "offset": [457, 469]}, {"key": "to-the-members", "type": "clause", "offset": [499, 513]}, {"key": "consistent-with-the", "type": "clause", "offset": [526, 545]}, {"key": "pursuant-to-such", "type": "clause", "offset": [613, 629]}, {"key": "in-the-event", "type": "clause", "offset": [677, 689]}, {"key": "book-value", "type": "definition", "offset": [716, 726]}, {"key": "company-property", "type": "definition", "offset": [730, 746]}, {"key": "pursuant-to-section", "type": "clause", "offset": [784, 803]}, {"key": "the-code", "type": "clause", "offset": [814, 822]}, {"key": "tax-purposes", "type": "definition", "offset": [891, 903]}, {"key": "effect-of", "type": "definition", "offset": [964, 973]}, {"key": "the-distribution", "type": "clause", "offset": [1049, 1065]}], "samples": [{"hash": "3RaR4KKXfjp", "uri": "/contracts/3RaR4KKXfjp#basis-adjustments", "label": "Operating Agreement (Integrated Health Services Inc)", "score": 18.0, "published": true}], "hash": "fc65e5932365e3d3e3484a95d0a3938b", "id": 6}, {"size": 7, "snippet": "The Parties acknowledge and agree that (A) each Redemption shall be treated as a direct purchase of Units by the Corporation from the applicable Member pursuant to Section 707(a)(2)(B) of the Code and (B) each Exchange will give rise to Basis Adjustments. For the avoidance of doubt, payments made under this Agreement shall not be treated as resulting in a Basis Adjustment to the extent such payments are treated as Imputed Interest or Default Rate Interest. 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