Common use of Adjustment of Basis of Partnership Property Clause in Contracts

Adjustment of Basis of Partnership Property. In --------------------------------------------------------- the event of a distribution of Partnership property to a Partner or an assignment or other transfer (including by reason of death) of all or part of the interest of a Limited Partner in the Part- nership, at the request of a Partner, the General Partner, in his discretion, may cause the Partnership to elect, pursuant to Sec- tion 754 of the Code, or the corresponding provision of subse- quent law, to adjust the basis of the Partnership property as provided by Sections 734 and 743 of the Code.

Adjustment of Basis of Partnership Property. In --------------------------------------------------------- the event of a distribution of Partnership property to a Limited Partner or an assignment or other transfer (including by reason of death) of all or part of the interest of a Limited Partner in the Part- nershipPartnership, at the request of a Limited Partner, the General Partner, in his its discretion, may cause the Partnership to elect, pursuant to Sec- tion Section 754 of the Code, or the corresponding provision of subse- quent subsequent law, to adjust the basis of the Partnership property as provided by Sections Section 734 and 743 of the Code.

Adjustment of Basis of Partnership Property. In --------------------------------------------------------- the event of a distribution of Partnership property to a Partner or an assignment or other transfer (including by reason of death) of all or part of the interest of a Limited Partner in the Part- nershipPartnership, at the request of a Partner, the General Partner, in his its discretion, may cause the Partnership to elect, pursuant to Sec- tion 754 of the Code, or the corresponding provision of subse- quent law, to adjust the basis of the Partnership property as provided by Sections 734 and 743 of the Code.to

Adjustment of Basis of Partnership Property. In --------------------------------------------------------- the event of a distribution of Partnership property to a Partner or an assignment or other transfer (including by reason of death) of all or part of the interest of a Limited Partner in the Part- nershipPartnership, at the request of a Partner, the General Partner, in his its discretion, may cause the Partnership to elect, pursuant to Sec- tion Section 754 of the Code, or the corresponding provision of subse- quent subsequent law, to adjust the basis of the Partnership property as provided by Sections Section 734 and 743 of the Code.

Adjustment of Basis of Partnership Property. In --------------------------------------------------------- the event of a distribution of Partnership the Partnership’s property to a Partner or an assignment or other transfer (including by reason of death) of all or part of the interest Interest of a Limited Partner in the Part- nership, at the request of a PartnerPartnership, the General PartnerPartner may, in his its discretion, may cause the Partnership to elect, pursuant to Sec- tion Section 754 of the Code, or the corresponding provision of subse- quent subsequent law, to adjust the basis of the Partnership Partnership’s property as provided by Sections 734 and 743 of the Code.

Adjustment of Basis of Partnership Property. In --------------------------------------------------------- the event of a distribution of Partnership property to a Partner or an assignment or other transfer (including by reason of death) of all or part of the interest of a Limited Partner in the Part- nershipPartnership, at the request of a Partner, the General Partner, in his its discretion, may cause the Partnership to elect, pursuant to Sec- tion Section 754 of the Code, or the corresponding provision of subse- quent subsequent law, to adjust the basis of the Partnership property as provided by Sections 734 and 743 of the Code.

Adjustment of Basis of Partnership Property. In --------------------------------------------------------- the event of a distribution of Partnership property to a Partner or an assignment or other transfer (including by reason of death) of all or part of the interest of a Limited Partner in the Part- nershipPartnership, at the request of a Partner, the General Partner, in his its absolute discretion, may cause the Partnership to elect, pursuant to Sec- tion Section 754 of the Code, or the corresponding provision of subse- quent subsequent law, to adjust the basis of the Partnership property as provided by Sections 734 and 743 of the Code.

Adjustment of Basis of Partnership Property. In --------------------------------------------------------- the event of a distribution of Partnership property to a Partner or an assignment or other transfer (including by reason of death) of all or part of the a Partner's interest of a Limited Partner in the Part- nershipPartnership, at the request of a Partner, the General Partner, in his its sole discretion, may cause the Partnership to elect, pursuant to Sec- tion Section 754 of the Code, or the corresponding provision of subse- quent subsequent law, to adjust the basis of the Partnership property as provided by Sections 734 and 743 of the Code.

Adjustment of Basis of Partnership Property. In --------------------------------------------------------- the event of a distribution of Partnership property to a Partner or an assignment or other transfer (including by reason of death) of all or part of the interest of a Limited Partner in the Part- nershipPartnership, at the request of a Partner, the General Partner, in his its sole and absolute discretion, may cause the Partnership to elect, pursuant to Sec- tion Section 754 of the Code, or the corresponding provision of subse- quent subsequent law, to adjust the basis of the Partnership property as provided by Sections 734 and 743 of the Code.

Adjustment of Basis of Partnership Property. In --------------------------------------------------------- the event of a distribution of Partnership the Partnership's property to a Partner or an assignment or other transfer (including by reason of death) of all or part of the interest of a Limited Partner in the Part- nership, at the request of a PartnerPartnership, the General Partner, in his its sole and absolute discretion, may cause the Partnership to elect, pursuant to Sec- tion Section 754 of the Code, Code (or the any corresponding provision of subse- quent subsequent law), to adjust the basis of the Partnership Partnership's property as provided by Sections 734 and 743 of the Code.

Adjustment of Basis of Partnership Property. In --------------------------------------------------------- the event of a distribution of Partnership property to a Partner or an assignment or other transfer (including by reason of death) of all or part of the interest of a Limited Partner in the Part- nershipPartnership, at the request of a Partner, the General Partner, in his its sole discretion, may cause the Partnership to elect, pursuant to Sec- tion 754 of the CodeCode Section 754, or the corresponding provision of subse- quent subsequent law, to adjust the basis of the Partnership property as provided by Code Sections 734 and 743 of the Code743.

Adjustment of Basis of Partnership Property. In --------------------------------------------------------- the event of a distribution of Partnership property to a Partner or an assignment or other transfer (including by reason of death) of all or part of the interest of a Limited Partner in the Part- nershipPartnership, at the request of a Partner, the General Partner, in his its discretion, may cause the Partnership to elect, pursuant to Sec- tion Section 754 of the Code, or the corresponding provision of subse- quent subsequent law, to adjust the basis of the Partnership property as provided by Sections 734 and 743 of the Code.