unrealized depreciation means the difference between the Fair Market Value of such assets, taking into account the Fair Market Value of the associated financing but subject to Section 7701(g) of the Code, and the asset's Gross Asset Value. Section 15.3(c) is merely intended to provide a rule for allocating unrealized Income and Losses upon liquidation or other Distribution event, and nothing contained in Section 15.3(c) or elsewhere in this Agreement is intended to treat or cause such Distributions to be treated as sales for value. The Fair Market Value of such assets shall be determined by an independent appraiser to be selected by the General Partner.
unrealized depreciation means the difference between the fair market value of such assets, taking into account the fair market value of the associated financing (but subject to Section 7701(g) of the Code), and the Partnership's adjusted basis for such assets as determined under Regulation Section 1.704-1(b). This Section 10.3(b) is merely intended to provide a rule for allocating unrealized gains and losses upon liquidation or other distribution event, and nothing contained in this Section 10.3(b) or elsewhere herein is intended to treat or cause such distributions to be treated as sales for value. The fair market value of such assets shall be determined by an appraiser to be selected by the General Partner with the Consent of the Investment Limited Partner.
unrealized depreciation means the difference between the fair market value of such assets, taking into account the fair market value of the associated financing (but subject to Section 7701(g) of the Code) and the Partnership's adjusted basis for such assets as determined under Section 1.704-1(b). This Section 7.2(b) is merely intended to provide a rule for allocating unrealized gains and losses upon liquidation or other distribution event, and nothing contained in this Section 7.2(b) or elsewhere herein is intended to treat or cause such distributions to be treated as sales for value.
More Definitions of unrealized depreciation
unrealized depreciation means the difference between the fair market value of such assets and the adjusted basis of such assets for federal income tax purposes (or, in the case of any asset that is reflected on the books of the Partnership at a value that is different from the Partnership's federal tax basis in such asset in compliance with the Treasury Regulations, the value of such asset as shown on the Partnership's books). This Section 5.4.B is merely intended to provide a rule for allocating unrealized gains and losses upon liquidation or other distribution event, and nothing contained in this Section 5.4.B or elsewhere in this Agreement is intended to treat or cause such distributions to be treated as sales for value.
unrealized depreciation. See Section 5.1(f)(i).
unrealized depreciation means, with respect to any Loss Security, the difference between the fair value of the Loss Security determined as of the end of the business day immediately preceding the event requiring calculation of Unrealized Depreciation and the Tax Basis of the Partnership in the Loss Security. The amount so determined will always be a negative number.
unrealized depreciation means the difference between the Fair Market Value of such property and the Company's federal adjusted tax basis for such property.
unrealized depreciation means the difference between the Fair Market
unrealized depreciation means the difference between the fair market value of such assets, taking into account the fair market value of the associated financing but subject to Code Section 7701 (g), and the Company's basis in such assets for book purposes. This Section 11.3 is merely intended to provide a rule for allocating unrealized gains and losses upon liquidation or other distribution event, and nothing contained in this Section 11.3 or elsewhere in this Agreement is intended to treat or cause such distributions to be treated as sales for value. If fair market value cannot be determined by the Members, the Company shall retain an independent appraiser to determine the value of the assets in dispute. The cost of such appraiser shall be borne by the Company.
unrealized depreciation means the difference between the fair market value of such assets and the adjusted basis of such assets for Federal income tax purposes (or, in the case of any asset that is reflected on the books of the Company at a value that is different from the Company's Federal tax basis in such asset in compliance with the Regulations, the value of such asset as shown on the Company's books). This Section 3.8.2 is merely intended to provide a rule for allocating unrealized gains and losses upon a liquidation or other distribution event, and nothing contained in this Section 3.8.2 or elsewhere in this Agreement is intended to treat or cause such distributions to be treated as sales for value.