Common use of Allocation of Book Items Clause in Contracts

Allocation of Book Items. In cases where Partnership Property is, under Treas. Reg. (Section) 1.704-1(b)(2)(iv), properly reflected in the capital accounts of the Partners and Unitholders at a fair market value that differs from the adjusted basis of such property (such difference is hereinafter referred to as the "Book Disparity"), then depreciation, amortization and gain or loss as computed for book purposes with respect to such property ("Book Depreciation," "Book Amortization," "Book Gain," and "Book Loss," respectively) will be greater or less than the depreciation, amortization or gain or loss as computed for tax purposes. The General Partners shall adopt, pursuant to Treas. Reg. (Section) 1.704-1(b)(2)(iv)(g), a reasonable method of computing Book Depreciation and Book Amortization. Such Book Amortization and Book Depreciation shall be allocated among the Partners and Unitholders and reflected in Partners' and Unitholders' capital accounts under Paragraph 11.11(c) hereof, in a manner so as to eliminate to the extent possible, the Book Disparity.

Allocation of Book Items. In cases where Partnership Property property of the Trust is, under Treas. Reg. (Section) § 1.704-1(b)(2)(iv1(b)(2)(iv)(g), properly reflected in the capital accounts Capital Accounts of the Partners and Unitholders Shareholders at a fair market value that differs from the adjusted tax basis of such property (such difference is hereinafter referred to as the "“Book Disparity"”), then depreciation, amortization and gain or loss as computed for book purposes with respect to such property ("“Book Depreciation," "” “Book Amortization," "” and “Book Gain," ” and "“Book Loss," ” respectively) will be greater or less than the depreciation, amortization or gain or loss as computed for tax purposes. The General Partners Manager(s) shall adopt, pursuant to Treas. Reg. (Section) § 1.704-1(b)(2)(iv)(g), a reasonable method of computing Book Depreciation and Book Amortization. Such Book Amortization Depreciation and Book Depreciation Amortization shall be allocated among the Partners and Unitholders Shareholders and reflected in Partners' and Unitholders' capital accounts the Shareholders’ Capital Accounts under Paragraph 11.11(c) Section 9.4 hereof, in a manner so as to eliminate to the extent possible, the Book Disparity.

Allocation of Book Items. In cases where Partnership Property property of the Trust is, under Treas. Reg. (Section) ss. 1.704-1(b)(2)(iv1(b)(2)(iv)(g), properly reflected in the capital accounts Capital Accounts of the Partners and Unitholders Shareholders at a fair market value that differs from the adjusted tax basis of such property (such difference is hereinafter referred to as the "Book DisparityBOOK DISPARITY"), then depreciation, amortization and gain or loss as computed for book purposes with respect to such property ("Book DepreciationBOOK DEPRECIATION," "Book Amortization," "Book GainBOOK AMORTIZATION," and "Book LossBOOK GAIN," and "BOOK LOSS," respectively) will be greater or less than the depreciation, amortization or gain or loss as computed for tax purposes. The General Partners Manager shall adopt, pursuant to Treas. Reg. (Section) ss. 1.704-1(b)(2)(iv)(g), a reasonable method of computing Book Depreciation and Book Amortization. Such Book Amortization Depreciation and Book Depreciation Amortization shall be allocated among the Partners and Unitholders Shareholders and reflected in Partnersthe Shareholders' and Unitholders' capital accounts Capital Accounts under Paragraph 11.11(c) Section 9.4 hereof, in a manner so as to eliminate to the extent possible, the Book Disparity.

Allocation of Book Items. In cases where Partnership Property property of the Trust is, under Treas. Reg. ([Section) ] 1.704-1(b)(2)(iv1(b)(2)(iv)(g), properly reflected in the capital accounts of the Partners and Unitholders Shareholders at a fair market value that differs from the adjusted tax basis of such property (such difference is hereinafter referred to as the "Book Disparity"), then depreciation, amortization and gain or loss as computed for book purposes with respect to such property ("Book Depreciation," "Book Amortization," and "Book Gain," and "Book Loss," respectively) will be greater or less than the depreciation, amortization or gain or loss as computed for tax purposes. The General Partners Manager shall adopt, pursuant to Treas. Reg. ([Section) ] 1.704-1(b)(2)(iv)(g), a reasonable method of computing Book Depreciation and Book Amortization. Such Book Amortization Depreciation and Book Depreciation Amortization shall be allocated among the Partners and Unitholders Shareholders and reflected in Partners' and Unitholdersthe Shareholders' capital accounts under Paragraph 11.11(c) Section 9.4 hereof, in a manner so as to eliminate to the extent possible, the Book Disparity.

Allocation of Book Items. In cases where Partnership Property property of the Trust is, under Treas. Reg. (Section) ss. 1.704-1(b)(2)(iv1(b)(2)(iv)(g), properly reflected in the capital accounts of the Partners and Unitholders Shareholders at a fair market value that differs from the adjusted tax basis of such property (such difference is hereinafter referred to as the "Book Disparity"), then depreciation, amortization and gain or loss as computed for book purposes with respect to such property ("Book Depreciation," "Book Amortization," and "Book Gain," and "Book Loss," respectively) will be greater or less than the depreciation, amortization or gain or loss as computed for tax purposes. The General Partners Manager shall adopt, pursuant to Treas. Reg. (Section) ss. 1.704-1(b)(2)(iv)(g), a reasonable method of computing Book Depreciation and Book Amortization. Such Book Amortization Depreciation and Book Depreciation Amortization shall be allocated among the Partners and Unitholders Shareholders and reflected in Partners' and Unitholdersthe Shareholders' capital accounts under Paragraph 11.11(c) Section 9.4 hereof, in a manner so as to eliminate to the extent possible, the Book Disparity.

Allocation of Book Items. In cases where Partnership Property property of the Trust is, under Treas. Reg. (Section) ss. 1.704-1(b)(2)(iv1(b)(2)(iv)(g), properly reflected in the capital accounts Capital Accounts of the Partners and Unitholders a Shareholder at a fair market value that differs from the adjusted tax basis of such property (such difference is hereinafter referred to as the "Book DisparityBOOK DISPARITY"), then depreciation, amortization and gain or loss as computed for book purposes with respect to such property ("Book DepreciationBOOK DEPRECIATION," "Book AmortizationBOOK AMORTIZATION," "Book GainBOOK GAIN," and "Book LossBOOK LOSS," respectively) will be greater or less than the depreciation, amortization or gain or loss as computed for tax purposes. The General Partners Manager shall adopt, pursuant to Treas. Reg. (Section) ss. 1.704-1(b)(2)(iv)(gl(b)(2)(iv)(g), a reasonable method of computing Book Depreciation and Book Amortization. Such Book Amortization Depreciation and Book Depreciation Amortization shall be allocated among the Partners and Unitholders to such Shareholder and reflected in Partners' and Unitholders' capital accounts such Shareholder's Capital Account under Paragraph 11.11(c) hereof, Section 9.4 hereof in a manner so as to eliminate eliminate, to the extent possible, the Book Disparity.