Section 704(c) Method. The Operating Company shall report allocations of income, gain, loss and deduction (as computed for tax purposes) with respect to the Merger and the contribution of the Contributed Property so as to take account of the Section 704(c) built-in gain of such property under Code Section 704(c) or the principles set forth in Treasury Regulation Section 1.704-3(a), as the case may be, using the “traditional method” under Treasury Regulation Section 1.704-3(b), subject to applicable law.
Appears in 2 contracts
Samples: Tax Protection Agreement (Broadstone Net Lease, Inc.), Agreement and Plan of Merger (Broadstone Net Lease, Inc.)
