Market Value Adjustments. Appropriate Capital Account adjustments will be made upon any Transfer of any Units, including those that apply upon the constructive liquidation of the Company under § 708(b) of the Code, all in accordance with the § 704(b) Regulations. Similarly, if optional basis adjustments are made under § 734 or § 743 of the Code, appropriate Capital Account adjustments will be made as required by the § 704(b) Regulations.
Market Value Adjustments. The Tax Matters Partner is authorized and directed to make appropriate Capital Account adjustments upon any Transfer of an Ownership Interest made in accordance with this Agreement in accordance with the § 704(b) Regulations. If optional basis adjustments are made under § 734 or § 743 of the Code, the Tax Matters Partner is authorized to make appropriate Capital Account adjustments as required by the § 704(b) Regulations.
Market Value Adjustments. 10 3.7 No Withdrawal of Capital........................11 3.8 No Interest on Capital..........................11 3.9
Market Value Adjustments. 23 SECTION 8.4 Transfer.................................................................................. 23
Market Value Adjustments. Each Member agrees to make appropriate adjustments to the Capital Account of such Member upon any Transfer of Units, including those that apply upon the constructive liquidation of the Company under Section 708(b)(1) of the Code or the liquidation of a Member’s Units, all in accordance with the Section 704(b) Regulations.
Market Value Adjustments. No Withdrawal of Capital.
Market Value Adjustments. In order to satisfy a request for either a transfer or cash withdrawal, it may be necessary to surrender one or more GDAs prior to the end of their investment term. This will require a Market Value Adjustment. We will only surrender the portion of a GDA required at that time. The remaining portion of that GDA is left to accumulate at the same interest rate and term in effect for that GDA from which the partial surrender was taken, subject to plan minimums. The Market Value Adjustment determines a present value for a GDA being surrendered prior to the end of its investment term. For withdrawals from the Contract the adjustment consists of discounting the projected maturity value of the GDA at the higher of the credited and the then current interest rates for the original term and band, as determined by the Company, plus one percent. For transfers within the Contract the adjustment consists of discounting the projected Maturity Value of the GDA deposit being transferred at the higher of the credited and the then current interest rates for the original term and band. A Market Value Adjustment is not applicable if a GDA is used to pay the Death Benefit.
Market Value Adjustments. In order to satisfy a request for a cash withdrawal, it may be necessary to surrender one or more GDAs prior to the end of their investment term. This will require a Market Value Adjustment. We will only surrender the portion of a GDA required at that time. The remaining portion of that GDA is left to accumulate at the same interest rate and term in effect for that GDA from which the partial surrender was taken, subject to plan minimums. The Market Value Adjustment is the difference between the Account Value and the Cash Value of a GDA. A Market Value Adjustment may not apply in the event the GDA is used to pay the Death Benefit.
Market Value Adjustments. A Market Value Adjustment may apply to the Portfolio Average Accounts and the Guaranteed Investment Accounts. A Market Value Adjustment is calculated by multiplying the balance of the account to which the Market Value Adjustment applies by the applicable Market Value Adjustment Factor.
Market Value Adjustments. In addition to CPI Index Adjustments, anniversary date for Lease Years 5 and 10 (the “Market Value Adjustment Dates”), CITY shall adjust the rent in accordance with a “Market Value Adjustment” (as defined and calculated as follows).
3.2.2.1 Commencing one hundred eighty (180) days prior to the applicable Market Value Adjustment Date, CITY shall cause a Market Value Adjustment be made for the Leased Aircraft Ground Space. The market value of the Leased Aircraft Ground Space shall be determined by qualified City staff, as determined by CITY in its sole discretion.
3.2.2.2 In determining the Market Value Adjustment, the appraiser or qualified City staff shall use the Rental Comparison Approach or similar methodology that compares similar airport land leases within 100 miles from the Leased Aircraft Ground Space to determine the monthly amount which the Leased Aircraft Ground Space could be expected to return to the CITY if offered for lease on the open market under normal circumstances. After the Market Value Adjustment has been determined, the LESSEE shall be notified in writing of the new rental rate. Notwithstanding the foregoing, in no event shall the adjusted rent, established by current Market Values as provided for herein, be less than the rent in existence immediately prior to any Market Value Adjustment Date.