Recurring Item definition
Recurring Item means any item or Services or Support Service that is/are to be paid on a recurring basis;
Examples of Recurring Item in a sentence
Notwithstanding the preceding sentence, the General Partner shall elect to use, on behalf of the Partnership, (i) if requested by a Limited Partner or Assignee within thirty (30) days of the end of a taxable year, the optional adjustment to basis of property of the Partnership as provided by and in accordance with Code Section 754 and (ii) the "Recurring Item" method of accounting provided under Code Section 461(h) with respect to property taxes imposed on the Partnership's Properties.