Common use of Organization Expenses Clause in Contracts

Organization Expenses. The Partnership shall elect to deduct expenses, if any, incurred by it in organizing the Partnership ratably over a 60-month period as provided in Section 709 of the Code.

Organization Expenses. The Partnership shall elect elect, pursuant to deduct expensesSection 709(b) of the Code, if any, to treat all amounts paid or incurred by it in organizing to organize the Partnership as deferred expenses to be deducted ratably over a period of sixty (60-) months beginning with the month period as provided in which the Partnership began business. Section 709 of the Code.9.17

Organization Expenses. The Partnership shall elect to deduct expenses, if any, expenses incurred by it in organizing the Partnership ratably over a 60-month period as provided in Section 709 of the Code.