Common use of Revaluations Clause in Contracts

Revaluations. If the Book Value of any Company property is ------------ adjusted pursuant to Section 2.4.4(b) of this Agreement, income, gain, loss and deduction with respect to such property shall be allocated among the Members so as to take account of any variation between the adjusted basis of such property for federal income tax purposes and its Book Value in the same manner as under (S) 704(c) of the Code and the Regulations thereunder.

Revaluations. If the Book Value of any Company property is ------------ adjusted pursuant to Section 2.4.4(b2.04(d)(ii) of this Agreement, income, gain, loss and deduction with respect to such property shall be allocated among the Members so as to take account of any variation between the adjusted basis of such property for federal income tax purposes and its Book Value in the same manner as under (S) §704(c) of the Code and the Regulations thereunder.

Revaluations. If the Book Value of any Company Partnership property is ------------ adjusted pursuant to Section 2.4.4(b2.04(d)(ii) of this Agreement, income, gain, loss and deduction with respect to such property shall be allocated among the Members Partners so as to take account of any variation between the adjusted basis of such property for federal income tax purposes and its Book Value in the same manner as under (S) § 704(c) of the Code and the Regulations thereunder.

Revaluations. If the Book Value of any Company property is ------------ adjusted pursuant to Section 2.4.4(b) of this Agreement, income, gain, loss and deduction with respect to such property shall be allocated among the Members so as to take account of any variation between the adjusted basis of such property for federal income tax purposes and its Book Value in the same manner as under (S) 704(css.704(c) of the Code and the Regulations thereunder.