Tax Items definition

Tax Items shall have the meaning set forth in Section 6.4.A.

Tax Items has the meaning set forth in subparagraph 4(a) of Exhibit B.

Tax Items has the meaning set forth in Exhibit B.

Examples of Tax Items in a sentence

• In the event that the Gross Asset Value of any Partnership asset is adjusted pursuant to subsection (ii) of the definition of “Gross Asset Value” (provided in Section 1.1), subsequent allocations of Tax Items with respect to such asset shall take account of the variation, if any, between the adjusted basis of such asset and its Gross Asset Value in the same manner as under Code section 704(c) and the applicable Regulations and using the method chosen by the General Partner.

• Notwithstanding Section 5.4(a), Tax Items with respect to an Asset that is contributed to the Partnership with a Gross Asset Value that varies from its basis in the hands of the contributing Partner immediately preceding the date of contribution shall be allocated among the Holders for income tax purposes pursuant to Regulations promulgated under Code section 704(c) so as to take into account such variation.

More Definitions of Tax Items

Tax Items means any item of income, gain, loss, deduction, or credit.

Tax Items has the meaning set forth in Section 5.01(f)(i).

Tax Items has the meaning assigned to such term in Section 7.2(a).

Tax Items has the meaning set forth in Section 3.17(a).

Tax Items means, with respect to any property, all items of profit and loss (including Tax Depreciation) recognized by or allowable to the Partnership with respect to such property, as computed for Federal income tax purposes.

Tax Items has the meaning set forth in subsection 4.4(a) hereof.

Tax Items is defined in Section 6.3(a).