Common use of BASIS ANALYSIS AND LIMITED PARTNER GUARANTEES Clause in Contracts

BASIS ANALYSIS AND LIMITED PARTNER GUARANTEES. Upon the request of any Limited Partner but subject to the General Partner’s agreement, which may be withheld in the General Partner’s sole discretion, the General Partner may, prior to the end of each calendar year, beginning in 2003, cause accountants to prepare and provide to the Limited Partners a study analyzing each refinancing, reduction (other than scheduled periodic amortization of principal) of debt or other event that occurred during that year that reduced the amount of any nonrecourse liabilities of the Partnership that a Limited Partner may include in the tax basis of its Partnership Interests.

BASIS ANALYSIS AND LIMITED PARTNER GUARANTEES. Upon the request of any Limited Partner but subject to the General Partner’s 's agreement, which may be withheld in the General Partner’s 's sole discretion, the General Partner may, prior to the end of each calendar year, beginning in 20032005, cause accountants to prepare and provide to the Limited Partners a study analyzing each refinancing, reduction (other than scheduled periodic amortization of principal) of debt or other event that occurred during that year that reduced the amount of any nonrecourse liabilities of the Partnership that a Limited Partner may include in the tax basis of its Partnership Interests.