Common use of Right to Make Section 754 Election Clause in Contracts

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. The Tax Matters Member may may, upon receiving the written consent of each other Member, make or revoke, on behalf of the Company, all elections 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 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. The Tax Matters Member may may, in his sole discretion, make or revoke, on behalf of the Company, all elections 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. 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. The Tax Matters Member may make or revoke, on behalf of the Company, all elections in accordance with Section ss. 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 ss. 734 of the Code, and in the case of a transfer of a Company interest within the meaning of Section ss. 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. The Tax Matters Member may may, upon receiving the written consent of each other Member, make or revoke, on behalf of the Company, all elections an election in accordance with Section 754 ss.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 ss.734 of the Code, and in the case of a transfer of a Company interest Interest within the meaning of Section 743 ss.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. The Tax Matters Member may Representative may, upon receiving the written consent of the Managers, make or revoke, on behalf of the Company, all elections 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 Transfer of a Company interest Interest within the meaning of Section §743 of the Code. Each Member shall, upon request of the Tax Matters MemberRepresentative, 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. The Tax Matters Member may may, in its sole discretion, make or revoke, on behalf of the Company, all elections 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. 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. The Subject to Section 6.6 hereof, the Tax Matters Member may may, in its sole discretion, make or revoke, on behalf of the Company, all elections 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. 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. The Tax Matters Member may may, in its sole discretion, make or revoke, on behalf of the Company, all elections 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. Any Trust Member or Representative has the right to require the Tax Matters Member to make a Section 754 election.