Common use of Exchange Basis Schedule Clause in Contracts

Exchange Basis Schedule. Within 45 calendar days after the filing of the United States federal income tax return of the Corporation for each Taxable Year, the Corporation shall deliver to each Exchanging Member a schedule (an “Exchange Basis Schedule”) that shows, in reasonable detail, for purposes of Taxes, (i) the actual unadjusted Tax basis of the Specified Assets as of each applicable Exchange Date, (ii) the Basis Adjustment with respect to the Specified Assets as a result of the Exchanges effected in such Taxable Year, calculated in the aggregate, (iii) the Tax basis in the IPO Date Intangible Assets as a result of the Exchanges effected in such Taxable Year, as provided in Section 2.01(a), (iv) the period or periods, if any, over which the Specified Assets and the IPO Date Intangible Assets are amortizable and/or depreciable and (v) the period or periods, if any, over which each Basis Adjustment is amortizable and/or depreciable (which, for non-amortizable assets shall be based on the Valuation Assumptions).

Exchange Basis Schedule. Within 45 calendar days after the filing of the United States federal income tax return of the Corporation for each Taxable Year, the Corporation shall deliver to each Exchanging Member a schedule (an the “Exchange Basis Schedule”) that shows, in reasonable detail, for purposes of Taxes, (i) the actual unadjusted Tax basis of the Specified Assets as of each applicable Exchange Date, (ii) the Basis Adjustment with respect to the Specified Assets as a result of the Exchanges effected in such Taxable Year, calculated in the aggregate, (iii) the Tax basis in the IPO Date Intangible Assets as a result of the Exchanges effected in such Taxable Year, as provided in Section 2.01(a), (iv) the period or periods, if any, over which the Specified Assets and the IPO Date Intangible Assets are amortizable and/or depreciable and (v) the period or periods, if any, over which each Basis Adjustment is amortizable and/or depreciable (which, for non-amortizable assets shall be based on the Valuation Assumptions).