Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any asset of the Partnership pursuant to Section 734(b) of the Code or Section 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 among the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section of the Regulations.
Appears in 157 contracts
Samples: Management Agreement (Preferred Apartment Communities Inc), Agreement (Inland Residential Properties Trust, Inc.), Agreement (ARC Realty Finance Trust, Inc.)
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any Partnership asset of the Partnership pursuant to Code Section 734(b) of the or Code or Section 743(b) of the Code is required, pursuant to Treasury Regulations 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 among to the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section of the Treasury Regulations.
Appears in 11 contracts
Samples: Agreement (UHS of Timberlawn, Inc.), Agreement of Limited Partnership (UHS of Timberlawn, Inc.), Agreement of Limited Partnership (UHS of Timberlawn, Inc.)
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any asset of the Partnership pursuant to Section 734(b) of the Code or Section 743(b) of the Code is required, required pursuant to Regulations 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 among the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section of the Regulations.
Appears in 7 contracts
Samples: Mission West Properties Inc, Mission West Properties Inc, Mission West Properties Inc
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any asset of the Partnership pursuant to Section section 734(b) of the Code or Section section 743(b) of the Code is required, pursuant to Section 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 among the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section of the Regulations.
Appears in 4 contracts
Samples: Merger Agreement (Kramont Realty Trust), Kramont Realty Trust, Employment Agreement (Cv Reit Inc)
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any asset of the Partnership pursuant to Section Sections 734(b) of the Code or Section 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 AccountsAccounts or adjustments thereto, 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 among the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section of the Regulations.
Appears in 3 contracts
Samples: Sky Merger Corp, Sky Merger Corp, Prime Retail Inc
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any asset of the Partnership Asset pursuant to Code Section 734(b) of the or Code or Section 743(b) of the Code is required, pursuant to Regulations 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 especially allocated among to the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section of the RegulationsRegulations Section.
Appears in 3 contracts
Samples: Capital Lodging, Capital Lodging, First Potomac Realty Trust
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any Partnership asset of the Partnership pursuant to Section ss. 734(b) of the Code or Section 743(b) of the Code is required, pursuant to Section Treasury Regulations ss. 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 among to the Limited Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section of the Regulationsregulation.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Skyterra Communications Inc), Motient Corp
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any Partnership asset of the Partnership pursuant to Code Section 734(b) of the or Code or Section 743(b) of the Code is required, pursuant to Treasury Regulation 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 among to the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section Section of the Regulations.
Appears in 2 contracts
Samples: Limited Partnership Agreement (National Patent Development Corp), Limited Partnership Agreement (National Patent Development Corp)
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any asset of the Partnership pursuant to Section 734(b) of the Code or Section 743(b) of the Code is required, pursuant to Section 1.704-1(b)(2)(iv)(m1 (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 among the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section of the Regulations.
Appears in 2 contracts
Samples: Registration Rights Agreement (American Realty Capital Hospitality Trust, Inc.), Hospitality Investors Trust, Inc.
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any Company asset of the Partnership pursuant to Section Code SECTION 734(b) of the or Code or Section SECTION 743(b) of the Code is required, pursuant to Section SECTION 1.704-1(b)(2)(iv)(m) of the Treasury 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 among to the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section Section of the Regulations.
Appears in 2 contracts
Samples: Agreement (Access Health Inc), Agreement (Access Health Inc)
Section 754 Adjustment. To the extent an adjustment to the adjusted ---------------------- tax basis of any asset of the Partnership pursuant to Section 734(b) of the Code or Section 743(b) of the Code is required, pursuant to Section 1.704-1.704- 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 among the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section of the Regulations.
Appears in 1 contract
Samples: Meristar Hospitality Corp
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any Partnership asset of the Partnership pursuant to Code Section 734(b) of the or Code or Section 743(b) of the Code is required, pursuant to Regulations Section 1.704-1.704- 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 among to the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section Section of the Regulations.
Appears in 1 contract
Samples: Berkshire Income Realty Inc
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any asset of the Partnership pursuant to Section 734(b) of the Code or Section 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 among the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section of the Regulations.
Appears in 1 contract
Samples: Limited Partnership Agreement (3100 Glendale Joint Venture)
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any Partnership asset of the Partnership pursuant to Code Section 734(b) of the or Code or Section 743(b) of the Code is required, pursuant to Regulations Section 1.704-1(b)(2)(iv)(m) of the Regulations1.704-(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 among to the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section of the Regulations.
Appears in 1 contract
Samples: Sonesta International Hotels Corp
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any asset of the Partnership pursuant to Section 734(b) of the Code or Section 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 among the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section 1.704-1(b)(2)(iv)(m) of the Regulations.
Appears in 1 contract
Samples: Procaccianti Hotel Reit, Inc.
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any asset of the Partnership Property undertaken pursuant to Section 734(b) of the Code or Section 743(b) of the Code is required, pursuant to Section 1.704-1(b)(2)(iv)(m) of the Regulations, required to be taken into account in determining the Capital AccountsAccounts of the Partners under Treasury Regulations Section 1.704-1(b)(2)(iv)(m), then 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 among to the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section of the RegulationsTreasury Regulations Section 1.704-1(b)(2)(iv)(m).
Appears in 1 contract
Samples: Limited Partnership Agreement (Hydratight Operations, Inc.)
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any asset of the Partnership Property pursuant to Code Section 734(b) of the or Code or Section 743(b) of the Code is required, pursuant to Regulations Section 1.704-1.704- 1(b)(2)(iv)(m) of the Regulations), to be taken into account in determining FIT Capital Accounts, the amount of such adjustment to the FIT 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 among to the Partners in a manner consistent with the manner in which each of their respective FIT Capital Accounts are required to be adjusted pursuant to such section of the Regulations.
Appears in 1 contract
Samples: Dynegy Inc
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any asset of the Partnership Property pursuant to Code Section 734(b) of the or Code or Section 743(b) of the Code is required, pursuant to Regulations Section 1.704-1(b)(2)(iv)(m) of the Regulations), to be taken into account in determining FIT Capital Accounts, the amount of such adjustment to the FIT 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 among to the Partners in a manner consistent with the manner in which each of their respective FIT Capital Accounts are required to be adjusted pursuant to such section of the Regulations.
Appears in 1 contract
Samples: An Agreement (NGC Corp)
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any asset of the Partnership pursuant to Section 734(b) of the Code or Section 743(b) of the Code is required, pursuant to Section 1.704-1(b)(2)(iv)(m1(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 among the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section of the Regulations.
Appears in 1 contract
Samples: Tower Realty Trust Inc
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any Partnership asset of the Partnership pursuant to Section Code Sections 734(b) of the Code or Section 743(b) of the Code is required, pursuant to Treasury Regulations Section 1.704-1(b)(2)(iv)(m) of the Regulationsl(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 among to the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section Section of the Treasury Regulations.
Appears in 1 contract
Samples: Inergy Pipeline East, LLC
Section 754 Adjustment. To the extent an adjustment to the adjusted ---------------------- tax basis of any Partnership asset of the Partnership pursuant to Code Section 734(b) of the or Code or Section 743(b) of the Code is required, pursuant to Regulations Section 1.704-1.704- 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 among to the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section Section of the Regulations.
Appears in 1 contract
Samples: Town & Country Trust
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any Company asset of the Partnership pursuant to Code Section 734(b) of the or Code or Section 743(b) of the Code is required, pursuant to Section 1.704-1(b)(2)(iv)(m) of the Treasury 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 among to the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section Section of the Regulations.
Appears in 1 contract
Samples: Access Health Inc
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any asset of the Partnership property pursuant to Code Section 734(b) of the or Code or Section 743(b) of the Code is required, pursuant to Regulations 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 among to the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section of the Regulations.
Appears in 1 contract
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any Partnership asset of the Partnership pursuant to Code Section 734(b) of the or Code or Section 743(b) of the Code is required, pursuant to Regulations 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 among to the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section Section of the Regulations.
Appears in 1 contract
Samples: Town & Country Trust
Section 754 Adjustment. To the extent an adjustment to the adjusted tax basis of any asset of the Partnership pursuant to Section 734(b) of the Code or Section 743(b) of the Code is required, pursuant to Section 1.704-1.704- 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 among the Partners in a manner consistent with the manner in which each of their respective Capital Accounts are required to be adjusted pursuant to such section of the Regulations.. (vii)
Appears in 1 contract