Revalued Property definition

Revalued Property is defined in Section 3.5.3.2.
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Revalued Property means any Property the Carrying Value of which has been adjusted in accordance with ¶ 3.7(a) or (b).
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Revalued Property means any Property the Carrying Value of which has been adjusted in accordance with Paragraph 3.07(a) or (b). If a Revalued Property is deemed distributed by, and recontributed to, the Company for federal income tax purposes upon a termination of the Company pursuant to Code Sec. 708, such Property shall constitute a Contributed Property until the Carrying Value of such Property is subsequently adjusted (if at all) pursuant to Paragraph 3.07(a) or (b).
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Examples of Revalued Property in a sentence

  • The distributive shares of the Members and Successors of depreciation, depletion, amortization and gain or loss with respect to Revalued Property, as computed for tax purposes, shall be determined so as to take account of the variation between the adjusted tax basis and book value of such Revalued Property in the same manner as under Section 704(c) of the Code.

  • The Partnership shall also make appropriate adjustments with respect to (1) any property contributed to the Partnership ("Contributed Property"), and (2) any property revalued on the books of the Partnership and the Partners' Capital Accounts ("Revalued Property"), in each instance as required or permitted by the Regulations.

  • Special Allocations with Respect to Contributed or Revalued Property...........................................

  • Tax Items; Contributed and Revalued Property....................................

  • Special Allocations with Respect to Contributed or Revalued Property....................................................

  • Special Allocations with Respect to Contributed or Revalued Property........................................

  • The Partnership shall also make appropriate adjustments with respect to (1) any Contributed Property or Revalued Property which may be distributed, and (2) any losses or other adjustments appropriately attributable to Contributed Property or Revalued Property, in each instance as required or permitted by the Regulations.


More Definitions of Revalued Property

Revalued Property shall have the meaning set forth in Section 5.05(a)(i)(C).
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Revalued Property is defined in Section 3.5.3.2, and includes the El Segundo Land.
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