Adjustment Year definition

Adjustment Year has the meaning ascribed to said phrase under Section 6225(d)(2) of the Code.
Adjustment Year means: (1) in the case of an adjustment pursuant to the decision of a court, the Partnership’s taxable year in which the decision becomes final; (2) in the case of an administrative adjustment request, the Partnership’s taxable year in which the administrative adjustment is made; or (3) in any other case, the Partnership’s taxable year in which the notice of final partnership adjustment is mailed.
Adjustment Year has the meaning set forth in Section 5.5(g)(i).

Examples of Adjustment Year in a sentence

  • In accordance with Section 6225 of the Code, the Partnership shall pay an imputed underpayment as calculated under Section 6225(b) of the Code with respect to the IRS Adjustment, including interest and penalties (“Imputed Tax Underpayment”) in the Adjustment Year.

  • As soon as the monthly base Rent applicable to any Adjustment Year has been computed, Landlord shall give Tenant notice of the amount thereof.

  • In no event, however, shall the monthly base Rent payable during any Adjustment Year be less than the monthly base Rent payable during the previous year.

  • If the Index is changed so that the base year differs from that used in computing the Beginning Index, the Extension Index for any Adjustment Year affected by such change shall be converted in accordance with the appropriate conversion factor.


More Definitions of Adjustment Year

Adjustment Year means each calendar year during which an Adjustment Date falls.
Adjustment Year has the meaning given to it in Section 6.2(a)(ii).
Adjustment Year means each calendar year during which an Adjustment Date occurs.
Adjustment Year has the meaning set forth in Section 6225(d)(2) of the Code or comparable provisions of state, local or non-U.S. law.
Adjustment Year has the meaning set forth in Section 1.02.
Adjustment Year means any calendar year or portion thereof during the term of the Lease commencing with the year after the Base Year. In the event the last Adjustment Year is not a full calendar year, the Additional Rent payable under Paragraph 3.02A.2 with respect to such partial year shall be prorated.
Adjustment Year. The applicable calendar year or any portion thereof after the Operating Expenses Base Year and Taxes Base Year for which a Rent Adjustment computation is being made.