{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "notwithstanding-section", "type": "clause", "offset": [0, 23]}, {"key": "with-respect-to", "type": "clause", "offset": [41, 56]}, {"key": "partnership-property", "type": "definition", "offset": [57, 77]}, {"key": "to-the-partnership", "type": "clause", "offset": [98, 116]}, {"key": "the-holders", "type": "clause", "offset": [152, 163]}, {"key": "income-tax-purposes", "type": "definition", "offset": [168, 187]}, {"key": "the-code", "type": "clause", "offset": [248, 256]}, {"key": "take-into-account", "type": "definition", "offset": [267, 284]}, {"key": "basis-of", "type": "clause", "offset": [320, 328]}, {"key": "the-property", "type": "clause", "offset": [329, 341]}, {"key": "initial-gross-asset-value", "type": "definition", "offset": [369, 394]}, {"key": "in-connection-with", "type": "clause", "offset": [472, 490]}, {"key": "initial-public-offering", "type": "definition", "offset": [513, 536]}, {"key": "pursuant-to-the", "type": "clause", "offset": [540, 555]}, {"key": "exercise-of-rights", "type": "definition", "offset": [570, 588]}, {"key": "agreement-or", "type": "definition", "offset": [606, 618]}, {"key": "rofo-agreement", "type": "clause", "offset": [619, 633]}, {"key": "traditional-method", "type": "clause", "offset": [733, 751]}, {"key": "other-properties", "type": "definition", "offset": [817, 833]}, {"key": "consistent-with-section", "type": "clause", "offset": [932, 955]}, {"key": "applicable-regulations", "type": "clause", "offset": [983, 1005]}, {"key": "by-the-general-partner", "type": "clause", "offset": [1016, 1038]}, {"key": "the-gross", "type": "clause", "offset": [1053, 1062]}, {"key": "partnership-asset", "type": "definition", "offset": [1082, 1099]}, {"key": "pursuant-to-subparagraph", "type": "clause", "offset": [1112, 1136]}, {"key": "the-definition-of", "type": "definition", "offset": [1144, 1161]}, {"key": "article-1", "type": "definition", "offset": [1193, 1202]}, {"key": "allocations-of-tax-items", "type": "clause", "offset": [1216, 1240]}, {"key": "adjusted-basis", "type": "definition", "offset": [1325, 1339]}, {"key": "in-the-same-manner", "type": "definition", "offset": [1380, 1398]}, {"key": "the-requirements", "type": "clause", "offset": [1482, 1498]}], "snippet": "Notwithstanding Section 6.4.A, Tax Items with respect to Partnership property that is contributed to the Partnership by a Partner shall be shared among the Holders for income tax purposes pursuant to Regulations promulgated under Section 704(c) of the Code, so as to take into account the variation, if any, between the basis of the property to the Partnership and its initial Gross Asset Value. With respect to Partnership property that is contributed to the Partnership in connection with the General Partner\u2019s initial public offering or pursuant to the Partnership\u2019s exercise of rights under any Option Agreement or ROFO Agreement, such variation between basis and initial Gross Asset Value shall be taken into account under the \u201ctraditional method\u201d as described in Regulations Section 1.704-3(b). With respect to other Properties contributed to the Partnership, the Partnership shall account for such variation under any method consistent with Section 704(c) of the Code and the applicable regulations as chosen by the General Partner. In the event the Gross Asset Value of any Partnership asset is adjusted pursuant to subparagraph (b) of the definition of Gross Asset Value (provided in Article 1), subsequent allocations of Tax Items with respect to such asset shall take account of the variation, if any, between the adjusted basis of such asset and its Gross Asset Value in the same manner as under Section 704(c) of the Code and the applicable regulations consistent with the requirements of Regulations Section 1.704-1(b)(2)(iv)(g) using any method approved under Section 704(c) of the Code and the applicable regulations as chosen by the General Partner, provided, however, that the \u201ctraditional method\u201d as described in Regulations Section 1.704-3(b) shall be used with respect to Partnership property that is contributed to the Partnership in connection with the General Partner\u2019s initial public offering or pursuant to the Partnership\u2019s exercise of rights under any Option Agreement or ROFO Agreement.", "samples": [{"hash": "U6VXTWRW3G", "uri": "/contracts/U6VXTWRW3G#revaluations", "label": "Limited Partnership Agreement (Digital Realty Trust, L.P.)", "score": 30.7713894593, "published": true}, {"hash": "jyH0MVZ6UiJ", "uri": "/contracts/jyH0MVZ6UiJ#revaluations", "label": "Agreement of Limited Partnership (Digital Realty Trust, L.P.)", "score": 30.1937029432, "published": true}, {"hash": "8a5zAoZW7QV", "uri": "/contracts/8a5zAoZW7QV#revaluations", "label": "Agreement of Limited Partnership (Digital Realty Trust, L.P.)", "score": 29.7282683094, "published": true}], "size": 40, "hash": "c0d8d8e7e3554a610d551f30dcee353d", "id": 1}, {"snippet_links": [{"key": "notwithstanding-section", "type": "clause", "offset": [0, 23]}, {"key": "tax-items", "type": "definition", "offset": [31, 40]}, {"key": "with-respect-to", "type": "clause", "offset": [41, 56]}, {"key": "partnership-property", "type": "definition", "offset": [57, 77]}, {"key": "to-the-partnership", "type": "clause", "offset": [98, 116]}, {"key": "income-tax-purposes", "type": "definition", "offset": [169, 188]}, {"key": "the-code", "type": "clause", "offset": [249, 257]}, {"key": "take-into-account", "type": "definition", "offset": [268, 285]}, {"key": "basis-of", "type": "clause", "offset": [321, 329]}, {"key": "the-property", "type": "clause", "offset": [330, 342]}, {"key": "initial-gross-asset-value", "type": "definition", "offset": [370, 395]}, {"key": "section-41", "type": "clause", "offset": [514, 525]}, {"key": "traditional-method", "type": "clause", "offset": [625, 643]}], "snippet": "Notwithstanding Section 6.4.A, Tax Items with respect to Partnership property that is contributed to the Partnership by a Partner shall be shared among the Partners for income tax purposes pursuant to Regulations promulgated under Section 704(c) of the Code, so as to take into account the variation, if any, between the basis of the property to the Partnership and its initial Gross Asset Value. With respect to Partnership property that is initially contributed to the Partnership upon its formation pursuant to Section 4.1, such variation between basis and initial Gross Asset Value shall be taken into account under the \"traditional method\" as described in Regulations Section 1.704-3", "samples": [{"hash": "jsORluOPWxq", "uri": "/contracts/jsORluOPWxq#revaluations", "label": "Agreement of Limited Partnership (Amb Property Corp)", "score": 18.0, "published": true}, {"hash": "jZH9qR6ZQiw", "uri": "/contracts/jZH9qR6ZQiw#revaluations", "label": "Agreement of Limited Partnership (Amb Property Corp)", "score": 18.0, "published": true}, {"hash": "irPvRkJjEv4", "uri": "/contracts/irPvRkJjEv4#revaluations", "label": "Limited Partnership Agreement (Amb Property Corp)", "score": 18.0, "published": true}], "size": 28, "hash": "35d0985c225a26a056083e4523b2b356", "id": 2}, {"snippet_links": [{"key": "notwithstanding-section", "type": "clause", "offset": [0, 23]}, {"key": "with-respect-to", "type": "clause", "offset": [41, 56]}, {"key": "partnership-property", "type": "definition", "offset": [57, 77]}, {"key": "to-the-partnership", "type": "clause", "offset": [98, 116]}, {"key": "gross-asset-value", "type": "definition", "offset": [137, 154]}, {"key": "adjusted-tax-basis", "type": "definition", "offset": [177, 195]}, {"key": "contributing-partner", "type": "definition", "offset": [216, 236]}, {"key": "date-of-contribution", "type": "definition", "offset": [263, 283]}, {"key": "income-tax-purposes", "type": "definition", "offset": [326, 345]}, {"key": "the-code", "type": "clause", "offset": [406, 414]}, {"key": "take-into-account", "type": "definition", "offset": [425, 442]}, {"key": "book-capital-accounts", "type": "clause", "offset": [465, 486]}, {"key": "tax-capital-accounts", "type": "clause", "offset": [491, 511]}, {"key": "traditional-method", "type": "clause", "offset": [573, 591]}, {"key": "in-connection-with", "type": "clause", "offset": [706, 724]}, {"key": "initial-offering", "type": "definition", "offset": [747, 763]}, {"key": "other-properties", "type": "definition", "offset": [781, 797]}, {"key": "consistent-with-section", "type": "clause", "offset": [907, 930]}, {"key": "applicable-regulations", "type": "clause", "offset": [958, 980]}, {"key": "by-the-general-partner", "type": "clause", "offset": [991, 1013]}, {"key": "the-gross", "type": "clause", "offset": [1028, 1037]}, {"key": "partnership-asset", "type": "definition", "offset": [1057, 1074]}, {"key": "pursuant-to-subparagraph", "type": "clause", "offset": [1087, 1111]}, {"key": "the-definition-of", "type": "definition", "offset": [1119, 1136]}, {"key": "article-1", "type": "definition", "offset": [1168, 1177]}, {"key": "allocations-of-tax-items", "type": "clause", "offset": [1191, 1215]}, {"key": "basis-of", "type": "clause", "offset": [1309, 1317]}, {"key": "in-the-same-manner", "type": "definition", "offset": [1355, 1373]}, {"key": "the-requirements", "type": "clause", "offset": [1457, 1473]}], "snippet": "Notwithstanding Section 6.4.A, Tax Items with respect to Partnership property that is contributed to the Partnership by a Partner with a Gross Asset Value that differs from its adjusted tax basis in the hands of the Contributing Partner immediately preceding the date of contribution shall be allocated among the Partners for income tax purposes pursuant to Regulations promulgated under Section 704(c) of the Code, so as to take into account the variation between book Capital Accounts and tax capital accounts. The Partnership shall account for such variation under the \u201ctraditional method\u201d under Regulations Section 1.704-3(b) with respect to Partnership property that is contributed to the Partnership in connection with the General Partner\u2019s initial offering. With respect to other properties contributed to the Partnership, the Partnership shall account for such variation under any reasonable method consistent with Section 704(c) of the Code and the applicable regulations as chosen by the General Partner. In the event the Gross Asset Value of any Partnership asset is adjusted pursuant to subparagraph (b) of the definition of Gross Asset Value (provided in Article 1), subsequent allocations of Tax Items with respect to such asset shall take account of the variation, if any, between the adjusted basis of such asset and its Gross Asset Value in the same manner as under Section 704(c) of the Code and the applicable regulations consistent with the requirements of Regulations Section 1.704-1(b)(2)(iv)(g) using any method approved under Section 704(c) of the Code and the applicable regulations as chosen by the General Partner.", "samples": [{"hash": "fzPW4LaOK0X", "uri": "/contracts/fzPW4LaOK0X#revaluations", "label": "Agreement of Limited Partnership (Corporate Property Associates 18 Global Inc)", "score": 26.2320328542, "published": true}, {"hash": "2Tjq3eFv3du", "uri": "/contracts/2Tjq3eFv3du#revaluations", "label": "Limited Partnership Agreement (Carey Watermark Investors 2 Inc)", "score": 26.0403832991, "published": true}, {"hash": "eEPeYyYxfnp", "uri": "/contracts/eEPeYyYxfnp#revaluations", "label": "Limited Partnership Agreement (Corporate Property Associates 18 Global Inc)", "score": 24.4661190965, "published": true}], "size": 11, "hash": "e0603b53c4950b12a2fa435e5febcc70", "id": 5}, {"snippet_links": [{"key": "notwithstanding-section", "type": "clause", "offset": [0, 23]}], "snippet": "Notwithstanding Section", "samples": [{"hash": "jamPrCJTEqP", "uri": "/contracts/jamPrCJTEqP#revaluations", "label": "Agreement of Limited Partnership (National Golf Properties Inc)", "score": 18.0, "published": true}, {"hash": "ihEOZSXuOYZ", "uri": "/contracts/ihEOZSXuOYZ#revaluations", "label": "Limited Liability Company Agreement (Health Care Property Investors Inc)", "score": 18.0, "published": true}, {"hash": "bnRICtOHBOT", "uri": "/contracts/bnRICtOHBOT#revaluations", "label": "Limited Partnership Agreement (National Golf Properties Inc)", "score": 18.0, "published": true}], "size": 8, "hash": "779f92ff003d45a1bba9111dc5b07ec8", "id": 8}, {"snippet_links": [{"key": "notwithstanding-section", "type": "clause", "offset": [0, 23]}, {"key": "with-respect-to", "type": "clause", "offset": [50, 65]}, {"key": "to-the-partnership", "type": "clause", "offset": [95, 113]}, {"key": "gross-asset-value", "type": "definition", "offset": [121, 138]}, {"key": "contributing-partner", "type": "definition", "offset": [186, 206]}, {"key": "date-of-contribution", "type": "definition", "offset": [233, 253]}, {"key": "holders-of", "type": "clause", "offset": [283, 293]}, {"key": "partnership-units", "type": "clause", "offset": [294, 311]}, {"key": "income-tax-purposes", "type": "definition", "offset": [316, 335]}, {"key": "code-section", "type": "definition", "offset": [378, 390]}, {"key": "take-into-account", "type": "definition", "offset": [407, 424]}, {"key": "applicable-regulations", "type": "clause", "offset": [550, 572]}, {"key": "by-the-general-partner", "type": "clause", "offset": [583, 605]}, {"key": "in-the-event", "type": "clause", "offset": [607, 619]}, {"key": "the-gross", "type": "clause", "offset": [625, 634]}, {"key": "partnership-asset", "type": "definition", "offset": [654, 671]}, {"key": "pursuant-to-subsection", "type": "clause", "offset": [684, 706]}, {"key": "the-definition-of", "type": "definition", "offset": [714, 731]}, {"key": "article-i", "type": "definition", "offset": [765, 774]}, {"key": "allocations-of-tax-items", "type": "clause", "offset": [795, 819]}, {"key": "basis-of", "type": "clause", "offset": [913, 921]}, {"key": "in-the-same-manner", "type": "definition", "offset": [959, 977]}, {"key": "applicable-to", "type": "clause", "offset": [1193, 1206]}, {"key": "to-the-extent", "type": "clause", "offset": [1232, 1245]}, {"key": "to-apply", "type": "clause", "offset": [1303, 1311]}], "snippet": "Notwithstanding Section 6.04(a) hereof, Tax Items with respect to Property that is contributed to the Partnership with a Gross Asset Value that varies from its basis in the hands of the contributing Partner immediately preceding the date of contribution shall be allocated among the Holders of Partnership Units for income tax purposes pursuant to Regulations promulgated under Code Section 704(c) so as to take into account such variation. The Partnership shall account for such variation under any method approved under Code Section 704(c) and the applicable Regulations as chosen by the General Partner. In the event that the Gross Asset Value of any partnership asset is adjusted pursuant to subsection (b) of the definition of \u201cGross Asset Value\u201d (provided in Article I hereof), subsequent allocations of Tax Items with respect to such asset shall take account of the variation, if any, between the adjusted basis of such asset and its Gross Asset Value in the same manner as under Code Section 704(c) and the applicable Regulations or under any method approved under Code Section 7.04(c) and the applicable Regulations as chosen by the General Partner, including the aggregation methods applicable to securities partnerships, to the extent applicable and to the extent the General Partner decides to apply such methods.", "samples": [{"hash": "gq7ie0AcVdA", "uri": "/contracts/gq7ie0AcVdA#revaluations", "label": "Limited Partnership Agreement (Hannon Armstrong Sustainable Infrastructure Capital, Inc.)", "score": 35.1245722108, "published": true}, {"hash": "a5ezNjVPf8j", "uri": "/contracts/a5ezNjVPf8j#revaluations", "label": "Limited Partnership Agreement (Ready Capital Corp)", "score": 29.733744011, "published": true}, {"hash": "kGIj4JBQxMV", "uri": "/contracts/kGIj4JBQxMV#revaluations", "label": "Limited Partnership Agreement (ZAIS Financial Corp.)", "score": 27.841889117, "published": true}], "size": 11, "hash": "151dce752f935d424458e73908c09821", "id": 6}, {"snippet_links": [{"key": "book-value", "type": "definition", "offset": [7, 17]}, {"key": "company-property", "type": "clause", "offset": [25, 41]}, {"key": "pursuant-to-section", "type": "definition", "offset": [67, 86]}, {"key": "this-agreement", "type": "clause", "offset": [99, 113]}, {"key": "with-respect-to", "type": "clause", "offset": [148, 163]}, {"key": "the-members", "type": "clause", "offset": [203, 214]}, {"key": "basis-of", "type": "clause", "offset": [275, 283]}, {"key": "federal-income-tax-purposes", "type": "clause", "offset": [302, 329]}, {"key": "in-the-same-manner", "type": "definition", "offset": [349, 367]}, {"key": "the-code", "type": "clause", "offset": [391, 399]}, {"key": "the-regulations", "type": "clause", "offset": [404, 419]}], "snippet": "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.", "samples": [{"hash": "amXVyU4P7Wf", "uri": "/contracts/amXVyU4P7Wf#revaluations", "label": "Limited Liability Company Agreement (Pacific Aerospace & Electronics Inc)", "score": 18.0, "published": true}, {"hash": "6cMDohUJj5B", "uri": "/contracts/6cMDohUJj5B#revaluations", "label": "Limited Liability Company Agreement (Pacific Aerospace & Electronics Inc)", "score": 18.0, "published": true}], "size": 5, "hash": "98045266eefaaa366a176a65124f8d14", "id": 10}, {"snippet_links": [{"key": "notwithstanding-section", "type": "clause", "offset": [0, 23]}, {"key": "with-respect-to", "type": "clause", "offset": [48, 63]}, {"key": "to-the-partnership", "type": "clause", "offset": [93, 111]}, {"key": "gross-asset-value", "type": "definition", "offset": [119, 136]}, {"key": "adjusted-tax-basis", "type": "definition", "offset": [158, 176]}, {"key": "contributing-partner", "type": "definition", "offset": [197, 217]}, {"key": "date-of-contribution", "type": "definition", "offset": [244, 264]}, {"key": "holders-of", "type": "clause", "offset": [294, 304]}, {"key": "partnership-units", "type": "clause", "offset": [305, 322]}, {"key": "income-tax-purposes", "type": "definition", "offset": [327, 346]}, {"key": "code-section", "type": "definition", "offset": [389, 401]}, {"key": "take-into-account", "type": "definition", "offset": [418, 435]}, {"key": "applicable-regulations", "type": "clause", "offset": [561, 583]}, {"key": "by-the-general-partner", "type": "clause", "offset": [594, 616]}, {"key": "without-limitation", "type": "clause", "offset": [629, 647]}, {"key": "allocation-method", "type": "clause", "offset": [663, 680]}, {"key": "in-the-event", "type": "clause", "offset": [730, 742]}, {"key": "the-gross", "type": "clause", "offset": [748, 757]}, {"key": "partnership-asset", "type": "definition", "offset": [777, 794]}, {"key": "pursuant-to-subsection", "type": "clause", "offset": [807, 829]}, {"key": "the-definition-of", "type": "definition", "offset": [837, 854]}, {"key": "article-i", "type": "definition", "offset": [888, 897]}, {"key": "allocations-of-tax-items", "type": "clause", "offset": [918, 942]}, {"key": "basis-of", "type": "clause", "offset": [1036, 1044]}, {"key": "in-the-same-manner", "type": "definition", "offset": [1082, 1100]}], "snippet": "Notwithstanding Section 6.4.A hereof, Tax Items with respect to Property that is contributed to the Partnership with a Gross Asset Value that varies from its adjusted tax basis in the hands of the contributing Partner immediately preceding the date of contribution shall be allocated among the Holders of Partnership Units for income tax purposes pursuant to Regulations promulgated under Code Section 704(c) so as to take into account such variation. The Partnership shall account for such variation under any method approved under Code Section 704(c) and the applicable Regulations as chosen by the General Partner, including, without limitation, the \u201cremedial allocation method\u201d as described in Regulations Section 1.704-3(d). In the event that the Gross Asset Value of any partnership asset is adjusted pursuant to subsection (b) of the definition of \u201cGross Asset Value\u201d (provided in Article I hereof), subsequent allocations of Tax Items with respect to such asset shall take account of the variation, if any, between the adjusted basis of such asset and its Gross Asset Value in the same manner as under Code Section 704(c) and the applicable Regulations.", "samples": [{"hash": "kL9gn35lDpV", "uri": "/contracts/kL9gn35lDpV#revaluations", "label": "Limited Partnership Agreement (Invesco Agency Securities Inc.)", "score": 21.0, "published": true}, {"hash": "9eN965w39S0", "uri": "/contracts/9eN965w39S0#revaluations", "label": "Limited Partnership Agreement (Invesco Mortgage Capital Inc.)", "score": 21.0, "published": true}, {"hash": "9ZipP32EKuU", "uri": "/contracts/9ZipP32EKuU#revaluations", "label": "Limited Partnership Agreement (MFResidential Investments, Inc.)", "score": 21.0, "published": true}], "size": 14, "hash": "46a5475723f1565571c0e492c6ce5b16", "id": 4}, {"snippet_links": [{"key": "notwithstanding-section", "type": "clause", "offset": [0, 23]}, {"key": "with-respect-to", "type": "clause", "offset": [47, 62]}, {"key": "to-the-partnership", "type": "clause", "offset": [92, 110]}, {"key": "gross-asset-value", "type": "definition", "offset": [118, 135]}, {"key": "contributing-partner", "type": "definition", "offset": [183, 203]}, {"key": "date-of-contribution", "type": "definition", "offset": [230, 250]}, {"key": "holders-of", "type": "clause", "offset": [280, 290]}, {"key": "partnership-common-units", "type": "definition", "offset": [291, 315]}, {"key": "income-tax-purposes", "type": "definition", "offset": [320, 339]}, {"key": "code-section", "type": "definition", "offset": [382, 394]}, {"key": "take-into-account", "type": "definition", "offset": [411, 428]}, {"key": "applicable-regulations", "type": "clause", "offset": [554, 576]}, {"key": "by-the-general-partner", "type": "clause", "offset": [587, 609]}, {"key": "without-limitation", "type": "clause", "offset": [622, 640]}, {"key": "traditional-method", "type": "clause", "offset": [647, 665]}, {"key": "in-the-event", "type": "clause", "offset": [715, 727]}, {"key": "the-gross", "type": "clause", "offset": [733, 742]}, {"key": "partnership-asset", "type": "definition", "offset": [762, 779]}, {"key": "pursuant-to-subsection", "type": "clause", "offset": [792, 814]}, {"key": "the-definition-of", "type": "definition", "offset": [822, 839]}, {"key": "article-1", "type": "definition", "offset": [873, 882]}, {"key": "allocations-of-tax-items", "type": "clause", "offset": [903, 927]}, {"key": "basis-of", "type": "clause", "offset": [1021, 1029]}, {"key": "in-the-same-manner", "type": "definition", "offset": [1067, 1085]}], "snippet": "Notwithstanding Section 6.4A hereof, Tax Items with respect to Property that is contributed to the Partnership with a Gross Asset Value that varies from its basis in the hands of the contributing Partner immediately preceding the date of contribution shall be allocated among the Holders of Partnership Common Units for income tax purposes pursuant to Regulations promulgated under Code Section 704(c) so as to take into account such variation. The Partnership shall account for such variation under any method approved under Code Section 704(c) and the applicable Regulations as chosen by the General Partner, including, without limitation, the \u201ctraditional method\u201d as described in Regulations Section 1.704-3(b). In the event that the Gross Asset Value of any partnership asset is adjusted pursuant to subsection (b) of the definition of \u201cGross Asset Value\u201d (provided in Article 1 hereof), subsequent allocations of Tax Items with respect to such asset shall take account of the variation, if any, between the adjusted basis of such asset and its Gross Asset Value in the same manner as under Code Section 704(c) and the applicable Regulations.", "samples": [{"hash": "l4UmVv4sp9U", "uri": "/contracts/l4UmVv4sp9U#revaluations", "label": "Limited Partnership Agreement (Aimco OP L.P.)", "score": 36.3483915127, "published": true}, {"hash": "bNt4QK1m8wL", "uri": "/contracts/bNt4QK1m8wL#revaluations", "label": "Limited Partnership Agreement (Aimco Properties L.P.)", "score": 31.9541409993, "published": true}, {"hash": "88CnnM5TCzd", "uri": "/contracts/88CnnM5TCzd#revaluations", "label": "Limited Partnership Agreement (Aimco OP L.P.)", "score": 31.9541409993, "published": true}], "size": 15, "hash": "9cf52e8493958e1d2d3c5e412d51bcce", "id": 3}, {"snippet_links": [{"key": "notwithstanding-section", "type": "clause", "offset": [0, 23]}, {"key": "with-respect-to", "type": "clause", "offset": [41, 56]}, {"key": "partnership-property", "type": "definition", "offset": [57, 77]}, {"key": "to-the-partnership", "type": "clause", "offset": [98, 116]}, {"key": "income-tax-purposes", "type": "definition", "offset": [169, 188]}, {"key": "the-code", "type": "clause", "offset": [249, 257]}, {"key": "take-into-account", "type": "definition", "offset": [268, 285]}, {"key": "basis-of", "type": "clause", "offset": [321, 329]}, {"key": "the-property", "type": "clause", "offset": [330, 342]}, {"key": "initial-gross-asset-value", "type": "definition", "offset": [370, 395]}, {"key": "section-41", "type": "clause", "offset": [514, 525]}, {"key": "traditional-method", "type": "clause", "offset": [625, 643]}, {"key": "applicable-regulations", "type": "clause", "offset": [881, 903]}, {"key": "by-the-general-partner", "type": "clause", "offset": [914, 936]}, {"key": "the-gross", "type": "clause", "offset": [951, 960]}, {"key": "partnership-asset", "type": "definition", "offset": [980, 997]}, {"key": "pursuant-to-subparagraph", "type": "clause", "offset": [1010, 1034]}, {"key": "the-definition-of", "type": "definition", "offset": [1043, 1060]}, {"key": "article-1", "type": "definition", "offset": [1092, 1101]}, {"key": "allocations-of-tax-items", "type": "clause", "offset": [1115, 1139]}, {"key": "adjusted-basis", "type": "definition", "offset": [1224, 1238]}, {"key": "in-the-same-manner", "type": "definition", "offset": [1279, 1297]}, {"key": "the-requirements", "type": "clause", "offset": [1381, 1397]}], "snippet": "Notwithstanding Section 6.4.A, Tax Items with respect to Partnership property that is contributed to the Partnership by a Partner shall be shared among the Partners for income tax purposes pursuant to Regulations promulgated under Section 704(c) of the Code, so as to take into account the variation, if any, between the basis of the property to the Partnership and its initial Gross Asset Value. With respect to Partnership property that is initially contributed to the Partnership upon its formation pursuant to Section 4.1, such variation between basis and initial Gross Asset Value shall be taken into account under the \u201ctraditional method\u201d as described in Regulations Section 1.704-3(b). With respect to properties subsequently contributed to the Partnership, the Partnership shall account for such variation under any method approved under Section 704(c) of the Code and the applicable regulations as chosen by the General Partner. In the event the Gross Asset Value of any Partnership asset is adjusted pursuant to subparagraph (ii) of the definition of Gross Asset Value (provided in Article 1), subsequent allocations of Tax Items with respect to such asset shall take account of the variation, if any, between the adjusted basis of such asset and its Gross Asset Value in the same manner as under Section 704(c) of the Code and the applicable regulations consistent with the requirements of Regulations Section 1.704-1(b)(2)(iv)(g) using any method approved under 704(c) of the Code and the applicable regulations as chosen by the General Partner.", "samples": [{"hash": "arZs4ARQrwE", "uri": "/contracts/arZs4ARQrwE#revaluations", "label": "Agreement of Limited Partnership (Prologis, L.P.)", "score": 22.4318959617, "published": true}, {"hash": "bo3mgRoh9tg", "uri": "/contracts/bo3mgRoh9tg#revaluations", "label": "Limited Partnership Agreement (Amb Property Lp)", "score": 21.0, "published": true}, {"hash": "4YBOaXBfoLy", "uri": "/contracts/4YBOaXBfoLy#revaluations", "label": "Agreement of Limited Partnership (Amb Property Corp)", "score": 21.0, "published": true}], "size": 10, "hash": "30ba87dd2c43236b3d143bc065f1d69a", "id": 7}, {"snippet_links": [{"key": "notwithstanding-section", "type": "clause", "offset": [0, 23]}, {"key": "with-respect-to", "type": "clause", "offset": [48, 63]}, {"key": "to-the-company", "type": "clause", "offset": [93, 107]}, {"key": "gross-asset-value", "type": "definition", "offset": [115, 132]}, {"key": "contributing-member", "type": "definition", "offset": [180, 199]}, {"key": "date-of-contribution", "type": "definition", "offset": [226, 246]}, {"key": "the-members", "type": "clause", "offset": [272, 283]}, {"key": "income-tax-purposes", "type": "definition", "offset": [288, 307]}, {"key": "pursuant-to-the", "type": "clause", "offset": [308, 323]}, {"key": "traditional-method", "type": "clause", "offset": [325, 343]}, {"key": "in-the-event", "type": "clause", "offset": [393, 405]}, {"key": "the-gross", "type": "clause", "offset": [411, 420]}, {"key": "company-asset", "type": "definition", "offset": [440, 453]}, {"key": "pursuant-to-subsection", "type": "clause", "offset": [466, 488]}, {"key": "the-definition-of", "type": "definition", "offset": [496, 513]}, {"key": "article-i", "type": "definition", "offset": [547, 556]}, {"key": "allocations-of-tax-items", "type": "clause", "offset": [577, 601]}, {"key": "basis-of", "type": "clause", "offset": [752, 760]}, {"key": "in-the-same-manner", "type": "definition", "offset": [798, 816]}, {"key": "code-section", "type": "definition", "offset": [826, 838]}, {"key": "applicable-regulations", "type": "clause", "offset": [854, 876]}, {"key": "as-selected", "type": "definition", "offset": [968, 979]}, {"key": "the-managing-member", "type": "clause", "offset": [983, 1002]}], "snippet": "Notwithstanding Section 6.4.A hereof, Tax Items with respect to Property that is contributed to the Company with a Gross Asset Value that varies from its basis in the hands of the contributing Member immediately preceding the date of contribution shall be allocated among the Members for income tax purposes pursuant to the \u201ctraditional method\u201d as described in Regulations Section 1.704-3(b). In the event that the Gross Asset Value of any Company asset is adjusted pursuant to subsection (b) of the definition of \u201cGross Asset Value\u201d (provided in Article I hereof), subsequent allocations of Tax Items with respect to such asset (other than Tax Items governed by the previous sentence) shall take account of the variation, if any, between the adjusted basis of such asset and its Gross Asset Value in the same manner as under Code Section 704(c) and the applicable Regulations and this Section 6.4.B, pursuant to any method permitted under Regulations Section 1.704-3 as selected by the Managing Member.", "samples": [{"hash": "1qroakjAxip", "uri": "/contracts/1qroakjAxip#revaluations", "label": "Limited Liability Company Agreement (Healthpeak Properties, Inc.)", "score": 30.8288843258, "published": true}, {"hash": "bG6csNvIJmo", "uri": "/contracts/bG6csNvIJmo#revaluations", "label": "Limited Liability Company Agreement (Hcp, Inc.)", "score": 30.5797399042, "published": true}], "size": 6, "hash": "689068eb7578ead4106639b5ac2c10bf", "id": 9}], "next_curs": "ClUST2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjELEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhVyZXZhbHVhdGlvbnMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["capital-accounts", "Capital Accounts"], ["tax-allocations", "Tax Allocations"], ["profits-and-losses", "Profits and Losses"], ["investment-policy", "Investment Policy"], ["investment-committee", "Investment Committee"]], "title": "Revaluations", "size": 246, "children": [["priority-allocation-of-net-loss-to-preferred-unit-holders", "Priority Allocation of Net Loss to Preferred Unit Holders"], ["allocation-of-net-gain-generally", "Allocation of Net Gain Generally"], ["allocation-of-net-loss-generally", "Allocation of Net Loss Generally"], ["priority-allocation-of-net-gain-to-preferred-unit-holders-and-general-partner", "Priority Allocation of Net Gain to Preferred Unit Holders and General Partner"], ["", ""]], "id": "revaluations", "related": [["revaluation", "Revaluation", "Revaluation"], ["annual-evaluations", "Annual Evaluations", "Annual Evaluations"], ["joc-evaluation", "JOC EVALUATION", "JOC EVALUATION"], ["self-evaluation", "Self-Evaluation", "Self-Evaluation"], ["financial-evaluation", "FINANCIAL EVALUATION", "FINANCIAL EVALUATION"]], "related_snippets": [], "updated": "2025-07-07T12:37:53+00:00"}, "json": true, "cursor": ""}}