Common use of Allocation of Book Items Clause in Contracts

Allocation of Book Items. In cases where property of the Trust is, under Treas. Reg. ss. 1.704-1(b)(2)(iv)(g), properly reflected in the capital accounts of the 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 Manager shall adopt, pursuant to Treas. Reg. ss. 1.704-1(b)(2)(iv)(g), a reasonable method of computing Book Depreciation and Book Amortization. Such Book Depreciation and Book Amortization shall be allocated among the Shareholders and reflected in the Shareholders' capital accounts under 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 property of the Trust Partnership Property is, under Treas. Reg. ss. (Section) 1.704-1(b)(2)(iv)(g1(b)(2)(iv), properly reflected in the capital accounts of the Shareholders Partners and Unitholders 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 Manager General Partners shall adopt, pursuant to Treas. Reg. ss. (Section) 1.704-1(b)(2)(iv)(g), a reasonable method of computing Book Depreciation and Book Amortization. Such Book Depreciation Amortization and Book Amortization Depreciation shall be allocated among the Shareholders Partners and Unitholders and reflected in the ShareholdersPartners' and Unitholders' capital accounts under Section 9.4 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 property of the Trust is, under Treas. Reg. ss. 1.704-1(b)(2)(iv)(g), properly reflected in the capital accounts Capital Accounts of the 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 AmortizationBOOK AMORTIZATION," and "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 Manager shall adopt, pursuant to Treas. Reg. ss. 1.704-1(b)(2)(iv)(g), a reasonable method of computing Book Depreciation and Book Amortization. Such Book Depreciation and Book Amortization shall be allocated among the Shareholders and reflected in the Shareholders' capital accounts Capital Accounts under 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 property of the Trust is, under Treas. Reg. ss. 1.704-1(b)(2)(iv)(g), properly reflected in the capital accounts Capital Accounts of the Shareholders 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 GAIN," and "Book 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 Manager shall adopt, pursuant to Treas. Reg. ss. 1.704-1(b)(2)(iv)(gl(b)(2)(iv)(g), a reasonable method of computing Book Depreciation and Book Amortization. Such Book Depreciation and Book Amortization shall be allocated among the Shareholders to such Shareholder and reflected in the Shareholders' capital accounts such Shareholder's Capital Account under Section 9.4 hereof, hereof in a manner so as to eliminate eliminate, to the extent possible, the Book Disparity.

Allocation of Book Items. In cases where property of the Trust is, under Treas. Reg. ss. § 1.704-1(b)(2)(iv)(g), properly reflected in the capital accounts Capital Accounts of the 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 Manager Manager(s) shall adopt, pursuant to Treas. Reg. ss. § 1.704-1(b)(2)(iv)(g), a reasonable method of computing Book Depreciation and Book Amortization. Such Book Depreciation and Book Amortization shall be allocated among the Shareholders and reflected in the Shareholders' capital accounts ’ Capital Accounts under 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 property of the Trust is, under Treas. Reg. ss. [Section] 1.704-1(b)(2)(iv)(g), properly reflected in the capital accounts of the 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 Manager shall adopt, pursuant to Treas. Reg. ss. [Section] 1.704-1(b)(2)(iv)(g), a reasonable method of computing Book Depreciation and Book Amortization. Such Book Depreciation and Book Amortization shall be allocated among the Shareholders and reflected in the Shareholders' capital accounts under Section 9.4 hereof, in a manner so as to eliminate to the extent possible, the Book Disparity.