Change in Partner's Interest. (1) If during any fiscal year of the Company there is a change in any Partner’s Partnership Interest, then for purposes of complying with IRC Section 706(d), the determination of Company items allocable to any period shall be made by using the closing of the books method.
Appears in 2 contracts
Samples: Partnership Agreement, Partnership Agreement (Verizon Wireless Capital LLC)
Change in Partner's Interest. (1) If during any fiscal year of the Company there is a change in any Partner’s 's Partnership Interest, then for purposes of complying with IRC Section 706(d), the determination of Company items allocable to any period shall be made by using the closing of the books method.
Appears in 2 contracts
Samples: Partnership Agreement (Verizon Wireless Inc), Investment Agreement (Bell Atlantic Corp)
