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.
Appears in 3 contracts
Sources: Limited Partnership Agreement (Ps Business Parks Inc/Ca), Limited Partnership Agreement (Public Storage Properties Xi Inc), Limited Partnership Agreement (Public Storage Properties Xi Inc)
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 Section 709 of which the CodePartnership began business.
Appears in 2 contracts
Sources: Partnership Agreement, Partnership Agreement (Taubman Centers Inc)
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.
Appears in 1 contract
Sources: Limited Partnership Agreement (ServiceMaster Consumer Services Limited Partnership)