Common use of Purchase Option Reports Clause in Contracts

Purchase Option Reports. The General Partner shall cause to be prepared and all Partners furnished with a statement of the Partners’ Capital Accounts and a Xxxx-to-Market Balance Sheet (i) in the case of the exercise of the Purchase Option after delivery of a Liquidation Notice as a result of the occurrence of the Notice Event described in Section 14.01(a) hereof, on June 30, 2006, setting forth the Xxxx-to-Market Values of the Permitted Assets as of such date, and (ii) in all other cases, not later than the sixtieth (60th) day after the Election Date, and setting forth the Xxxx-to-Market Values of the Permitted Assets as of the date of delivery of such Xxxx-to-Market Balance Sheet (the date of delivery of the Xxxx-to-Market Balance Sheet pursuant to clause (i) or (ii), the “Purchase Date”). For purposes of this Section 8.02(e), the Partners’ Capital Accounts shall be determined in accordance with Section 3.07 hereof as of the Purchase Date taking into account (x) the adjustments to the Gross Asset Values of the Partnership’s Property that would result from a determination of the value of the Partnership’s Property in accordance with Section 10.08(b)(i) hereof as of the Purchase Date, and (y) the allocation to the Partners’ Capital Accounts that would result from an allocation pursuant to Article III of the Profits, Losses and other items of Partnership income, gain, loss or deduction for the period beginning on the first day of the Allocation Year during which the Purchase Date occurs and ending on the Purchase Date.

Purchase Option Reports. The General Partner Managing Member shall cause to be prepared and all Partners Members furnished with a statement of the PartnersMembers’ Capital Accounts and a Xxxx-to-Market Balance Sheet (i) in the case of the exercise of the Purchase Option after delivery of a Liquidation Notice as a result of the occurrence of the Notice Event described in Section 14.01(a) hereof, on June 30, 2006, setting forth the Xxxx-to-Market Values of the Permitted Assets as of such date, and (ii) in all other cases, not later than the sixtieth (60th) day after the Election Date, and setting forth the Xxxx-to-Market Values of the Permitted Assets as of the date of delivery of such Xxxx-to-Market Balance Sheet (the date of delivery of the Xxxx-to-Market Balance Sheet pursuant to clause (i) or (ii), the “Purchase Date”). For purposes of this Section 8.02(e), the PartnersMembers’ Capital Accounts shall be determined in accordance with Section 3.07 hereof as of the Purchase Date taking into account (x) the adjustments to the Gross Asset Values of the PartnershipCompany’s Property that would result from a determination of the value of the PartnershipCompany’s Property in accordance with Section 10.08(b)(i) hereof as of the Purchase Date, and (y) the allocation to the PartnersMembers’ Capital Accounts that would result from an allocation pursuant to Article III of the Profits, Losses and other items of Partnership Company income, gain, loss or deduction for the period beginning on the first day of the Allocation Year during which the Purchase Date occurs and ending on the Purchase Date.

Purchase Option Reports. The General Partner shall cause to be prepared and all Partners furnished with a statement of the Partners’ ' Capital Accounts and a XxxxMark-toxx-Market Balance Sheet (ix) in the case of the exercise of the Purchase Option after delivery of a Liquidation Notice as a result of the occurrence of the Notice Event described in Section 14.01(a) hereof), on June 30the fourth anniversary of the Closing Date, 2006, and setting forth the XxxxMark-toxx-Market Values of the Permitted Assets as of such datefourth anniversary, and (iiy) in all other cases, not later than the sixtieth (60th) day after the Election Date, and setting forth the XxxxMark-toxx-Market Values of the Permitted Assets as of the date of delivery of such XxxxMark-toxx-Market Balance Sheet (the date of delivery of the XxxxMark-toxx-Market Balance Sheet pursuant to clause (ix) or (iiy), the “"Purchase Date”"). For purposes of this Section 8.02(e), the Partners’ ' Capital Accounts shall be determined in accordance with Section 3.07 hereof as of the Purchase Date taking into account (x) the adjustments to the Gross Asset Values of the Partnership’s 's Property that would result from a determination 46 of the value of the Partnership’s 's Property in accordance with Section 10.08(b)(i) hereof as of the Purchase Date, and (y) the allocation to the Partners’ ' Capital Accounts that would result from an allocation pursuant to Article III of the Profits, Losses and other items of Partnership income, gain, loss or deduction for the period beginning on the first day of the Allocation Year during which the Purchase Date occurs and ending on the Purchase Date.

Purchase Option Reports. The General Partner shall cause to be prepared and all Partners furnished with a statement of the Partners’ ' Capital Accounts and a Xxxx-to-Market Balance Sheet (ix) in the case of the exercise of the Purchase Option after delivery of a Liquidation Notice as a result of the occurrence of the Notice Event described in Section 14.01(a) hereof), on June 30the fourth anniversary of the Closing Date, 2006, and setting forth the Xxxx-to-Market Values of the Permitted Assets as of such datefourth anniversary, and (iiy) in all other cases, not later than the sixtieth (60th) day after the Election Date, and setting forth the Xxxx-to-Market Values of the Permitted Assets as of the date of delivery of such Xxxx-to-Market Balance Sheet (the date of delivery of the Xxxx-to-Market Balance Sheet pursuant to clause (ix) or (iiy), the “"Purchase Date”"). For purposes of this Section 8.02(e), the Partners’ ' Capital Accounts shall be determined in accordance with Section 3.07 hereof as of the Purchase Date taking into account (x) the adjustments to the Gross Asset Values of the Partnership’s 's Property that would result from a determination of the value of the Partnership’s 's Property in accordance with Section 10.08(b)(i) hereof as of the Purchase Date, and (y) the allocation to the Partners’ ' Capital Accounts that would result from an allocation pursuant to Article III of the Profits, Losses and other items of Partnership income, gain, loss or deduction for the period beginning on the first day of the Allocation Year during which the Purchase Date occurs and ending on the Purchase Date.

Purchase Option Reports. The General Partner Managing Member shall cause to be prepared and all Partners Members furnished with a statement of the PartnersMembers’ Capital Accounts and a Xxxx-to-Market Balance Sheet (i) in the case of the exercise of the Purchase Option after delivery of a Liquidation Notice as a result of the occurrence of the Notice Event described in Section 14.01(a) hereof, on June 30, 20062009, setting forth the Xxxx-to-Market Values of the Permitted Assets as of such date, and (ii) in all other cases, not later than the sixtieth (60th) day after the Election Date, and setting forth the Xxxx-to-Market Values of the Permitted Assets as of the date of delivery of such Xxxx-to-Market Balance Sheet (the date of delivery of the Xxxx-to-Market Balance Sheet pursuant to clause (i) or (ii), the “Purchase Date”). For purposes of this Section 8.02(e), the PartnersMembers’ Capital Accounts shall be determined in accordance with Section 3.07 hereof as of the Purchase Date taking into account (x) the adjustments to the Gross Asset Values of the PartnershipCompany’s Property that would result from a determination of the value of the PartnershipCompany’s Property in accordance with Section 10.08(b)(i) hereof as of the Purchase Date, and (y) the allocation to the PartnersMembers’ Capital Accounts that would result from an allocation pursuant to Article III of the Profits, Losses and other items of Partnership Company income, gain, loss or deduction for the period beginning on the first day of the Allocation Year during which the Purchase Date occurs and ending on the Purchase Date.