Common use of Federal Income Tax Elections Clause in Contracts

Federal Income Tax Elections. The Company may make all elections for federal income tax purposes, including but not limited to an election, pursuant to Code Section 754, to adjust the basis of the Company's assets under Code Sections 734 or 743. In the event an election pursuant to Code Section 754 is made by the Company, upon the adjustment to the basis of the Company's assets, the Members' Capital Accounts shall be adjusted in accordance with the requirements of Regulation Section 1.704-1(b)(2)(iv)(m).

Federal Income Tax Elections. The Company may and its subsidiaries shall make all elections for federal income tax purposes, including but not limited to an election, pursuant to Code Section 754, to adjust the basis of the Company's assets under Code Sections 734 or 743. In the event an election pursuant to Code Section 754 is made by the Company, upon the adjustment to the basis of the Company's assets, the Members' Capital Accounts shall be adjusted in accordance with the requirements of Regulation Section 1.704-1(b)(2)(iv)(m).

Federal Income Tax Elections. The Company may make all elections for federal income tax purposes, including but not limited to an election, election pursuant to Code Section 754, § 754 to adjust the basis of the Company's ’s assets under Code Sections §§ 734 or 743. In the event an election pursuant to Code Section § 754 is made by the Company, upon the adjustment to the basis of the Company's ’s assets, the Members' ’ Capital Accounts shall be adjusted in accordance with the requirements of Regulation Section § 1.704-1(b)(2)(iv)(m).

Federal Income Tax Elections. The Company may make all elections for federal income tax purposes, including but not limited to an election, election pursuant to Code Section 754, 754 to adjust the basis of the Company's ’s assets under Code Sections 734 or 743. In the event an election pursuant to Code Section 754 is made by the Company, upon the adjustment to the basis of the Company's ’s assets, the Members' Capital Accounts Account shall be adjusted in accordance with the requirements of Regulation Treasury Regulations Section 1.704-1.704 1(b)(2)(iv)(m).