Common use of Contribution of Property Clause in Contracts

Contribution of Property. In accordance with Code Section 704(c) and the Regulations thereunder, income, gain, loss, and deduction as to any property contributed to the capital of the Partnership shall, for tax purposes, be allocated among the Partners so as to take into account any variation between the adjusted basis of such property to the Partnership for federal income tax purposes and the fair market value of such property.

Contribution of Property. In accordance with Code Section 704(c) and the Regulations thereunder, income, gain, loss, and deduction as to any property contributed to the capital of the Partnership Company shall, for tax purposes, be allocated among the Partners Unitholders so as to take into account any variation between the adjusted basis of such property to the Partnership Company for federal income tax purposes and the fair market value of such propertyits initial Gross Asset Value.

Contribution of Property. In accordance with Code Section §704(c) and the Regulations thereunder, income, gain, loss, and deduction as to any property contributed to the capital of the Partnership shall, for tax purposes, be allocated among the Partners so as to take into account any variation between the adjusted basis of such property to the Partnership for federal income tax purposes and the fair market value of such propertyits initial Gross Asset Value.

Contribution of Property. In accordance with Code Section 704(c) of the Code and the Treasury Regulations thereunder, incomeIncome, gain, loss, Loss and deduction as items thereof with respect to any property contributed to the capital of the Partnership shall, solely for tax purposes, be allocated among the Partners so as to take into account of any variation between the adjusted basis of such the property to the Partnership for federal income tax purposes and the fair market value of such propertyits initial Gross Asset Value.