Reference Asset means an asset that is held by Holdings LP, or by any of its direct or indirect subsidiaries treated as a partnership or disregarded entity for purposes of the applicable Tax, at the time of an Exchange. A Reference Asset also includes any asset that is "substituted basis property" under Section 7701(a)(42) of the Code with respect to a Reference Asset.
The Index may be subject to adjustment by the Calculation Agent in certain circumstances, as described under Reference AssetsIndicesAdjustments Relating to Securities with an Index as a Reference Asset in the Prospectus Supplement.
Basis Adjustment means the adjustment to the tax basis of a Reference Asset under Sections 1012, 732, 734(b), 743(b) and 754 of the Code and, in each case, comparable sections of state, local and foreign tax laws (as calculated under Section 2.01 of this Agreement) as a result of an Exchange, the OCGH Exchange immediately following such Exchange and the payments made pursuant to this Agreement.
Bedford, TX 76021 Reference: Asset Management Services for the City of Bedford Dear Mr. Overstreet, Fugro Roadware, Inc.
The Valuation Dates and the Maturity Date are subject to postponement, as described under Reference AssetsIndices Market Disruption Events for Securities with an Index Composed of Commodities as a Reference Asset and Terms of the NotesPayment Dates in the Prospectus Supplement.
Basis Adjustment means the adjustment to the tax basis of an Exchange Reference Asset under Sections 732 and 1012 of the Code (in a situation where, as a result of one or more Exchanges, Holdings becomes an entity that is disregarded as separate from its owner for tax purposes) or Sections 743(b) and 754 of the Code (including in situations where, following an Exchange, Holdings remains in existence as an entity for tax purposes) and, in each case, comparable sections of state, local and foreign tax laws.