Right to Make Section 754 Election. The Board, in its sole discretion, may make or revoke, on behalf of the Company, an election in accordance with Section 754 of the Code, so as to adjust the basis of Company property in the case of a distribution of property within the meaning of Section 734 of the Code, and in the case of a transfer of Interests within the meaning of Section 743 of the Code.
Right to Make Section 754 Election. The Tax Matters Member may make or revoke, on behalf of the Company, all elections in accordance with Section 754 of the Code, so as to adjust the basis of Company property in the case of a distribution of property within the meaning of Section 734 of the Code, and in the case of a transfer of a Company interest within the meaning of Section 743 of the Code. Each Member shall, upon request of the Tax Matters Member, supply the information necessary to give effect to such an election. Any Trust Member or Representative has the right to require the Tax Matters Member to make a Section 754 election.
Right to Make Section 754 Election. In their sole discretion, the Managers of any Series may make or revoke, on behalf of the Company, an election in accordance with § 754 of the Code, so as to adjust the basis of Company Property for such Series in the case of a distribution of property within the meaning of § 734 of the Code, and in the case of a transfer of a Company interest within the meaning of § 743 of the Code. Each of such Series Members shall supply the information necessary to give effect to such an election.
Right to Make Section 754 Election. The TMM may make an election under Section 754 of the Code to the extent requested by any Member. Each Member shall, upon request of the TMM, at such Member's cost, promptly supply the TMM information reasonably necessary to give effect to such election.
Right to Make Section 754 Election. The General Partner may, in its sole discretion, make or revoke, on behalf of the Partnership, an election in accordance with Section 754 of the Code, so as to adjust the basis of Partnership property in the case of a distribution of property within the meaning of Section 734 of the Code, and in the case of a transfer of a Partnership interest within the meaning of Section 743 of the Code. Each of the Partners shall, upon request of the General Partner, supply the information necessary to give effect to such an election.
Right to Make Section 754 Election. The Company shall make an election in accordance with Section 754 of the Code, so as to adjust the basis of Company property in the case of a distribution of property within the meaning of Section 734 of the Code and in the case of a transfer of a Company interest within the meaning of Section 743 of the Code, and the Company shall not apply for permission from the Commissioner of the Internal Revenue Service to revoke such election without the prior written consent of each Member (not to be unreasonably withheld). The Company shall cause an election under Section 754 of the Code to be in effect for each subsidiary treated as a partnership for U.S. federal income tax purposes owned directly or indirectly (other than through a corporation) by the Company as of the Effective Date, in each case for the taxable year that includes the Effective Date. Each of the Members shall, upon request of the Tax Matters Partner, supply the information necessary to give effect to such an election.
Right to Make Section 754 Election. The Board, acting pursuant to Section 3.1(a), may make or revoke, on behalf of the Company, an election in accordance with Code Section 754, so as to adjust the basis of Company property in the case of a Distribution of property within the meaning of Code Section 734, and in the case of a transfer of a Company interest within the meaning of Code Section 743. Each Member shall, upon request of the Board, supply the information necessary to give effect to such an election. Upon Transfer of a Member Interest, the Transferee may request that an election in accordance with Code Section 754 be made, in which event the Company, upon approval by the Board, shall make the election for the Fiscal Year in which such transfer occurs.
Right to Make Section 754 Election. The Management Committee may make or revoke, on behalf of the Company, an election in accordance with Section 754 of the Code, so as to adjust the basis of Company property in the case of a distribution of property within the meaning of Section 734 of the Code, and in the case of a transfer of a Company interest within the meaning of Section 743 of the Code. Each Member shall, upon request of the Management Committee supply the information necessary to give effect to such an election.
Right to Make Section 754 Election. Subject to Section 5.3(b), the Board may, in its sole discretion, make or apply for permission with the Commissioner of the Internal Revenue Service to revoke, on behalf of the Company, an election in accordance with SECTION 754 of the Code, so as to adjust the basis of Company property in the case of a distribution of property within the meaning of SECTION 734 of the Code, and in the case of a transfer of a Company interest within the meaning of SECTION 743 of the Code. Each Member shall, upon request of the Company, supply the information necessary to give effect to such an election.
Right to Make Section 754 Election. The Class B Managers may vote to make or revoke, on behalf of the Company, an election in accordance with -section- 754 of the Code, so as to adjust the basis of Company property in the case of a distribution of property within the meaning of -section- 734 of the Code, and in the case of a transfer of a Company interest within the meaning of -section- 743 of the Code. Each Member shall, upon request of the Tax Matters Member, supply the information necessary to give effect to such an election.