Common use of Book Depreciation Clause in Contracts

Book Depreciation. The amount of “Book Depreciation” allowable to the Company for any fiscal year with respect to any Company property shall be equal to the product of (i) the amount of Tax Depreciation allowable to the Company for such year with respect to such property, multiplied by (ii) a fraction, the numerator of which is the property’s Book Basis as of the beginning of such year (or the date of acquisition if the property is acquired during such year) and the denominator of which is the property’s adjusted tax basis as of the beginning of such year (or the date of acquisition if the property is acquired during such year). If the denominator of the fraction described in clause (ii) above is equal to zero, the amount of “Book Depreciation” allowable to the Company for any fiscal year with respect to the Company property in question shall be determined under any reasonable method selected by the Tax Matters Partner.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Skechers Usa Inc), Limited Liability Company Agreement (Skechers Usa Inc), Limited Liability Company Agreement (Skechers Usa Inc)

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Book Depreciation. The amount of “Book Depreciation” allowable to the Company Partnership for any fiscal year with respect to any Company Partnership property shall be equal to the product of (i1) the amount of Tax Depreciation allowable to the Company Partnership for such year with respect to such property, multiplied by (ii2) a fraction, the numerator of which is the property’s Book Basis as of the beginning of such year (or the date of acquisition if the property is acquired during such year) and the denominator of which is the property’s adjusted tax basis as of the beginning of such year (or the date of acquisition if the property is acquired during such year). If the denominator of the fraction described in clause (ii2) above is equal to zero, the amount of “Book Depreciation” allowable to the Company Partnership for any fiscal year with respect to the Company Partnership property in question shall be determined under any reasonable method selected by the Tax Matters General Partner.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Marietta Surgical Center, Inc.), Limited Partnership Agreement (Marietta Surgical Center, Inc.)

Book Depreciation. The amount of “Book Depreciation" allowable to the Company for any fiscal year Fiscal Year with respect to any Company property shall be equal to the product of (i) the amount of Tax Depreciation allowable to the Company for such year Fiscal Year with respect to such property, multiplied by (ii) a fraction, the numerator of which is the property’s 's Book Basis as of the beginning of such year Fiscal Year (or the date of acquisition or contribution if the property is acquired or contributed during such Fiscal Year) and (ii) the denominator of which is the property's adjusted tax basis as of the beginning of such Fiscal Year (or the date of acquisition if the property is acquired during such year) and the denominator of which is the property’s adjusted tax basis as of the beginning of such year (or the date of acquisition if the property is acquired during such yearFiscal Year). If the denominator of the fraction described in clause (ii) above is equal to zero, the amount of "Book Depreciation" allowable to the Company for any fiscal year Fiscal Year with respect to the Company property in question shall be determined under any reasonable method selected by the Tax Matters PartnerManaging Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (American Skiing Co /Me)

Book Depreciation. The amount of "Book Depreciation" allowable to the Company Partnership for any fiscal year with respect to any Company Partnership property shall be equal to the product of (i1) the amount of Tax Depreciation allowable to the Company Partnership for such year with respect to such property, multiplied by (ii2) a fraction, the numerator of which is the property’s 's Book Basis as of the beginning of such year (or the date of acquisition if the property is acquired during such year) and the denominator of which is the property’s 's adjusted tax basis as of the beginning of such year (or the date of acquisition if the property is acquired during such year). If the denominator of the fraction described in clause (ii2) above is equal to zero, the amount of "Book Depreciation" allowable to the Company Partnership for any fiscal year with respect to the Company Partnership property in question shall be determined under any reasonable method selected by the Tax Matters General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement

Book Depreciation. The amount of “Book Depreciation” allowable to the Company for any fiscal year Fiscal Year with respect to any Company property shall be equal to the product of (i1) the amount of Tax Depreciation allowable to the Company Company, for such year with respect to such property, multiplied by (ii2) a fraction, the numerator of which winch is the property’s Book Basis as of the beginning of such year (or the date of acquisition if the property Property is acquired during such year) and the denominator of which is the property’s adjusted tax basis as of the beginning of such such` year (or the date of acquisition if the property is acquired during such year). If the denominator of the fraction described in clause (ii2) above is equal to zero, the amount of “Book Depreciation” allowable to the Company for any fiscal year Fiscal Year with respect to the Company property in question shall be determined under any reasonable method selected by the Tax Matters PartnerManager.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Community Health Investment CORP)

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Book Depreciation. The amount of “Book DepreciationDepredation” allowable to the Company Partnership for any fiscal year with respect to any Company Partnership property shall be equal to the product of (i1) the amount of Tax Depreciation allowable to the Company Partnership for such year with respect to such property, multiplied by (ii2) a fraction, the numerator of which is the property’s Book Basis as of the beginning of such year (or the date of acquisition if the property is acquired during such year) and the denominator of which is the property’s adjusted tax basis as of the beginning of such year (or the date of acquisition if the property is acquired during such year). If the denominator of the fraction described in clause (ii2) above is equal to zero, the amount of “Book Depreciation” allowable to the Company Partnership for any fiscal year with respect to the Company Partnership property in question shall be determined under any reasonable method selected by the Tax Matters General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Marietta Surgical Center, Inc.)

Book Depreciation. The amount of “Book Depreciation" allowable to the Company for any fiscal year Fiscal Year with respect to any Company property shall be equal to the product of (i) the amount of Tax Depreciation allowable to the Company for such year Fiscal Year with respect to such property, multiplied by (ii) a fraction, the numerator of which is the property’s 's Book Basis as of the beginning of such year Fiscal Year (or the date of acquisition or contribution if the property is acquired or contributed during such Fiscal Year) and (ii) the denominator of which is the property's adjusted tax basis as of the beginning of such Fiscal Year (or the date of acquisition if the property is acquired during such year) and the denominator of which is the property’s adjusted tax basis as of the beginning of such year (or the date of acquisition if the property is acquired during such yearFiscal Year). If the denominator of the fraction described in clause (ii) above is equal to zero, the amount of “Book Depreciation” allowable to the Company for any fiscal year with respect to the Company property in question shall be determined under any reasonable method selected by the Tax Matters Partner.of

Appears in 1 contract

Samples: Limited Liability Company Agreement (American Skiing Co /Me)

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