Common use of General Elections Clause in Contracts

General Elections. 4 4.2 DEPLETION .......................................................................................4 4.3 ELECTION OUT UNDER CODE ss761(a) ................................................................4 4.4 CONSENT REQUIREMENTS FOR SUBSEQUENT TAX OR FMV CAPITAL ACCOUNT ELECTIONS.........................4 5. CAPITAL CONTRIBUTIONS AND FMV CAPITAL ACCOUNTS ......................................................5 5.1

General Elections. 4 5 4.2 DEPLETION .......................................................................................4 DEPLETION. ........................................................5 4.3 ELECTION OUT UNDER CODE ss761(a) ................................................................4 §761(a). .....................................5 4.4 CONSENT REQUIREMENTS FOR SUBSEQUENT TAX OR FMV CAPITAL ACCOUNT ELECTIONS.........................4 .....5 5. CAPITAL CONTRIBUTIONS AND FMV CAPITAL ACCOUNTS ......................................................5 5.1.............................6 5.1 CAPITAL CONTRIBUTIONS. ..............................................6 5.2 FMV CAPITAL ACCOUNTS................................................6

General Elections. 4 4.2 DEPLETION .....................................................................................................................................................4 4.3 ELECTION OUT UNDER CODE ss761(ass.761(a) ......................................................................................................4 4.4 CONSENT REQUIREMENTS FOR SUBSEQUENT TAX OR FMV CAPITAL ACCOUNT ELECTIONS.........................4 5. CAPITAL CONTRIBUTIONS AND FMV CAPITAL ACCOUNTS ELECTIONS ......................................................5 5.14