Section 754 Elections. The General Partner shall elect, pursuant to Section 754 of the Code, to adjust the basis of the Partnership’s assets for (i) all transfers of Partnership Interests, and (ii) any distribution of Company property as described in Section 734 of the Code, if such election would benefit any Partner or the Partnership.
Appears in 8 contracts
Sources: Agreement of Limited Partnership (Stirling Hotels & Resorts, Inc.), Contribution Agreement (Ashford Hospitality Trust Inc), Limited Partnership Agreement (Ashford Hospitality Prime, Inc.)
Section 754 Elections. The General Partner shall may elect, pursuant to Section 754 of the Code, to adjust the basis of the Partnership’s 's assets for (i) all transfers of Partnership Interests, and (ii) any distribution of Company property as described in Section 734 of the Code, Interests if such election would benefit any Partner or the Partnership.
Appears in 8 contracts
Sources: Contract of Sale (Education Realty Trust, Inc.), Agreement of Limited Partnership (Education Realty Trust, Inc.), Contribution Agreement (Education Realty Trust, Inc.)
Section 754 Elections. The General Partner shall elect, pursuant to Section 754 of the Code, to adjust the basis of the Partnership’s 's assets for (i) all transfers of Partnership Interests, and (ii) any distribution of Company property as described in Section 734 of the Code, interests if such election would benefit any Partner or the Partnership.
Appears in 6 contracts
Sources: Agreement of Limited Partnership (Innsuites Hospitality Trust), Agreement of Limited Partnership (Boykin Lodging Co), Limited Partnership Agreement (Liberty Self Stor Inc)
Section 754 Elections. The General Partner shall elect, pursuant to Section 754 of the Code, to adjust the basis of the Partnership’s 's assets for (i) all transfers of Partnership Interests, and (ii) any distribution of Company property as described in Section 734 of the Code, Interests if such election would benefit any Partner or the Partnership.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Ashford Hospitality Trust Inc), Limited Partnership Agreement (Ashford Hospitality Trust Inc)
Section 754 Elections. The General Partner shall elect, pursuant to Section 754 of the Code, to adjust the basis of the Partnership’s assets for (i) all transfers Transfers of Partnership Interests, and (ii) any distribution of Company Partnership property as described in Section 734 of the Code, if such election would benefit any Partner or the Partnership.
Appears in 2 contracts
Sources: Agreement of Limited Partnership (Ashford Hospitality Trust Inc), Agreement of Limited Partnership (Ashford Hospitality Trust Inc)
Section 754 Elections. The General Partner shall elect, pursuant to Section 754 of the Code, to adjust the basis of the Partnership’s assets for (i) all transfers of Partnership Interests, and (ii) any distribution of Company property as described in Section 734 of the Code, Interests if such election would benefit any Partner or the Partnership.
Appears in 2 contracts
Sources: Limited Partnership Agreement (Ashford Hospitality Trust Inc), Limited Partnership Agreement (Ashford Hospitality Trust Inc)
Section 754 Elections. The General Partner shall elect, pursuant to Section 754 of the Code, to adjust the basis of the Partnership’s assets for (i) all transfers of Partnership Interests, and (ii) any distribution of Company property as described in Section 734 of the Code, interests if such election would benefit any Partner or the Partnership.
Appears in 1 contract
Sources: Limited Partnership Agreement (Stonehaven Realty Trust)
Section 754 Elections. The General Partner shall may elect, pursuant to Section 754 of the Code, to adjust the basis of the Partnership’s assets for (i) all transfers of Partnership Interests, and (ii) any distribution of Company property as described in Section 734 of the Code, Interests if such election would benefit any Partner or the Partnership.
Appears in 1 contract
Sources: Agreement of Limited Partnership (Education Realty Trust, Inc.)
Section 754 Elections. The General Partner shall may elect, pursuant to Section 754 of the Code, to adjust the basis of the Partnership’s assets for (i) all transfers of Partnership Interests, and (ii) any distribution of Company property as described in Section 734 of the Code, Interests if such election would benefit any Partner or the Partnership.
Appears in 1 contract
Sources: Limited Partnership Agreement (Carter Validus Mission Critical REIT, Inc.)