Common use of Section 704(c) Method Clause in Contracts

Section 704(c) Method. The Operating Partnership shall use the “traditional method” with respect to the Properties, with no “curative allocation” of income or gain to offset any “shortfall” in depreciation that results by reason of the use of the “traditional method,” including upon sale of any Property.

Section 704(c) Method. The Operating Partnership shall will use the “traditional method” with respect to the PropertiesReal Property, with no “curative allocation” of income or gain to offset any “shortfall” in depreciation that results by reason of the use of the “traditional method,” including upon sale of any the Real Property.