Adjustments to Capital Accounts in Connection. with an Election under Code Section 754. Upon an adjustment to the adjusted tax basis of Partnership property pursuant to Code Sections 732, 734 or 743, the Capital Accounts of the Partners shall be adjusted as provided in Treas. Reg. §1.704-1(b)(2)(iv)(m) (or any successor provision).
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Samples: Agreement (Brandywine Operating Partnership Lp /Pa), Agreement (Brandywine Operating Partnership Lp /Pa), Agreement of Limited Partnership (Brandywine Operating Partnership Lp /Pa)
Adjustments to Capital Accounts in Connection. with an Election under Code Section 754. Upon an adjustment to the adjusted tax basis of Partnership property pursuant to Code Sections 732, 734 or 743, the Capital Accounts of the Partners shall be adjusted as provided in Treas. Reg. §1.704-1(b)(2)(iv)(m1(b) (2) (iv) (m) (or any successor provision).
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