Revalued Assets. If the Asset Values of any assets of the Partnership are adjusted pursuant to Section 4.2, subsequent allocations of income, gain, loss and deduction with respect to such assets shall, solely for tax purposes, be allocated among the Limited Partners so as to take into account such adjustment in the same manner as under Section 704(c) of the Code and the applicable Regulations.
Appears in 3 contracts
Samples: Taylor Morrison Home Corp, Taylor Morrison Home Corp, sec.report
Revalued Assets. If the Asset Values Value of any assets asset of the Partnership are Company is adjusted pursuant to Section 4.25.2, subsequent allocations of income, gain, loss and deduction with respect to such assets asset shall, solely for tax purposes, be allocated among the Limited Partners Members so as to take into account such adjustment in the same manner as under Section 704(c) of the Code and the applicable Regulationsregulations promulgated thereunder.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Marathon Patent Group, Inc.), Limited Liability Company Agreement (Inventergy Global, Inc.)
Revalued Assets. If the Asset Values of any assets of the Partnership Company are adjusted pursuant to Section 4.2, subsequent allocations of income, gain, loss and deduction with respect to such assets shallwill, solely for tax purposes, be allocated among the Limited Partners Members so as to take into account such adjustment in the same manner as under Section 704(c) of the Code and the applicable Regulations.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Gryphon Gold Corp)
