Common use of Revaluation of Company Property Clause in Contracts

Revaluation of Company Property. (a) Upon the occurrence of a Revaluation Event, the Manager may revalue all Company property (whether tangible or intangible) for Book purposes to reflect the Adjusted Fair Market Value of Company property immediately prior to the Revaluation Event. In the event that Company property is so revalued, the Capital Accounts of the Members shall be adjusted in accordance with Treas. Reg. Section 1.704-1(b)(2)(iv)(f). (b) Upon the distribution of Company property to a Member, if Company property is not revalued pursuant to Section 2.02(a), the property to be distributed shall be revalued for Book purposes to reflect the Adjusted Fair Market Value of such property immediately prior to such distribution, and the Capital Accounts of all Members shall be adjusted in accordance with Treas. Reg. Section 1.704-1(b)(2)(iv)(e).

Revaluation of Company Property. (a) Upon the occurrence of a ------------------------------- Revaluation Event, the Manager may revalue all Company property (whether tangible or intangible) for Book purposes to reflect the Adjusted Fair Market Value of Company property immediately prior to the Revaluation Event. In the event that Company property is so revalued, the Capital Accounts of the Members shall be adjusted in accordance with Treas. Reg. Section (S) 1.704-1(b)(2)(iv)(f). (b) Upon the distribution of Company property to a Member, if Company property is not revalued pursuant to Section 2.02(a), the property to be distributed shall be revalued for Book purposes to reflect the Adjusted Fair Market Value of such property immediately prior to such distribution, and the Capital Accounts of all Members shall be adjusted in accordance with Treas. Reg. Section (S) 1.704-1(b)(2)(iv)(e).

Revaluation of Company Property. (a) Upon the occurrence of a Revaluation Event, the Manager may revalue all Company property (whether tangible or intangible) for Book purposes to reflect the Adjusted Fair Market Value of Company property immediately prior to the Revaluation Event. In the event that Company property is so revalued, the Capital Accounts of the Members shall be adjusted in accordance with Treas. Reg. Section 1.704-1(b)(2)(iv)(f). (b) . Upon the distribution of Company property to a Member, if Company property is not revalued pursuant to Section 2.02(a)) of this Appendix B, the property to be distributed shall be revalued for Book purposes to reflect the Adjusted Fair Market Value of such property immediately prior to such distribution, and the Capital Accounts of all Members shall be adjusted in accordance with Treas. Reg. Section 1.704-1(b)(2)(iv)(e).

Revaluation of Company Property. (a) Upon the occurrence of a Revaluation Event, the Manager may Board will revalue all Company property (whether tangible or intangible) for Book Capital Account purposes to reflect the Adjusted Fair Market Value of Company property immediately prior to the Revaluation Event. In the event that Company property is so revalued, the Capital Accounts of the Members shall will be adjusted in accordance with Treas. Reg. Treasury Regulations Section 1.704-1(b)(2)(iv)(f). (b) Upon the distribution of Company property to a Member, if Company property is not revalued pursuant to Section 2.02(a5.3(a), the property to be distributed shall will be revalued for Book Capital Account purposes to reflect the Adjusted Fair Market Value of such that property immediately prior to such the distribution, and the Capital Accounts of all Members shall will be adjusted in accordance with Treas. Reg. Treasury Regulations Section 1.704-1(b)(2)(iv)(e).