Depreciation Recapture. Subject to the provisions of Section 704€ of the Code and Sections 8.1.2 – 8.1.4, inclusive, of this Agreement, gain recognized (or deemed recognized under the provisions hereof) upon the sale or other disposition of Company property, which is subject to depreciation recapture, shall be allocated to the Member who was entitled to deduct such depreciation.
Appears in 4 contracts
Samples: Operating Agreement (Brookwood Fenton Investments LLC), Operating Agreement (Brookwood Fenton Investments LLC), Operating Agreement (Brookwood Fenton Investments LLC)
Depreciation Recapture. Subject to the provisions of Section 704€ 704(c) of the Code and Sections 8.1.2 – 8.1.4, inclusive, of this Agreement, gain recognized (or deemed recognized under the provisions hereof) upon the sale or other disposition of Company property, which is subject to depreciation recapture, shall be allocated to the Member who was entitled to deduct such depreciation.
Appears in 2 contracts
Samples: Operating Agreement (NextPlay Technologies Inc.), Operating Agreement (Monaker Group, Inc.)
Depreciation Recapture. Subject to the provisions of Section 704€ 704(c) of the Code and Sections 8.1.2 subsections 7.1.2 – 8.1.47.1.4, inclusive, of this Agreement, gain recognized (or deemed recognized under the provisions hereof) upon the sale or other disposition of Company property, which is subject to depreciation recapture, shall be allocated to the Member who was entitled to deduct such depreciation.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Depreciation Recapture. Subject to the provisions of Section 704€ 704(c) of the Code and Sections 8.1.2 subsections 9.1.2 – 8.1.49.1.4, inclusive, of this Agreement, gain recognized (or deemed recognized under the provisions hereof) upon the sale or other disposition of Company property, which is subject to depreciation recapture, shall be allocated to the Member who was entitled to deduct such depreciation.
Appears in 1 contract
Depreciation Recapture. Subject to the provisions of Section 704€ 704(c) of the Code and Sections 8.1.2 Section 7.01(b) – 8.1.4Section 7.01(d), inclusive, inclusive of this Agreement, gain recognized (or deemed recognized under the provisions hereof) upon the sale or other disposition of Company property, which is subject to depreciation recapture, shall be allocated to the Member who was entitled to deduct such depreciation.
Appears in 1 contract
Samples: Operating Agreement
Depreciation Recapture. Subject to the provisions of Section 704€ section 704(c) of the Code and Sections 8.1.2 – 8.1.4, inclusive, of this Agreementsubsections 1.1(b) through (d) hereof, gain recognized (or deemed recognized under the provisions hereof) upon the sale or other disposition of Company Joint Venture property, which is subject to depreciation recapture, shall be allocated to the Member Partner who was entitled to deduct such depreciation.
Appears in 1 contract
Depreciation Recapture. Subject to the provisions of Section 704€ 704(c) of the Code and Sections 8.1.2 – 8.1.4Subsection 9.1.2, Subsection 9.1.3, and Subsection 9.1.4, inclusive, of this Agreement, gain recognized (or deemed recognized under the provisions hereof) upon the sale or other disposition of Company property, which is subject to depreciation recapture, shall be allocated to the Member who was entitled to deduct such depreciation.
Appears in 1 contract
Samples: Operating Agreement (Benchmark Real Estate Investment Fund, LLC)
Depreciation Recapture. Subject to the provisions of Section 704€ 704(c) of the Code and Sections 8.1.2 – 8.1.4, inclusive, of this Agreement, gain recognized (or deemed recognized under the provisions hereof) upon the sale or other disposition of Company property, which is subject to depreciation recapture, shall be allocated to the Member who was entitled to deduct such depreciation.
Appears in 1 contract
Samples: Operating Agreement (Real Street Build-to-Rent Fund I, LLC)
