Section 754 Elections. The General Partner may elect, pursuant to Section 754 of the Code, to adjust the basis of the Partnership's assets for all transfers of Partnership Interests if such election would benefit any Partner or the Partnership.
Appears in 8 contracts
Samples: Contribution Agreement (Education Realty Trust, Inc.), Contribution Agreement (Education Realty Trust, Inc.), Brochure Agreement (Education Realty Trust, Inc.)
Section 754 Elections. The General Partner may shall elect, pursuant to Section 754 of the Code, to adjust the basis of the Partnership's ’s assets for (i) all transfers of Partnership Interests Interests, and (ii) any distribution of Company property as described in Section 734 of the Code, if such election would benefit any Partner or the Partnership.
Appears in 8 contracts
Samples: Notice and Agreement (Stirling Hotels & Resorts, Inc.), Contribution Agreement (Ashford Hospitality Trust Inc), Ashford Hospitality Prime, Inc.
Section 754 Elections. The General Partner may shall elect, pursuant to Section 754 of the Code, to adjust the basis of the Partnership's assets for all transfers of Partnership Interests interests if such election would benefit any Partner or the Partnership.
Appears in 6 contracts
Samples: Initial and Corporate (Innsuites Hospitality Trust), Boykin Lodging Co, Boykin Lodging Trust Inc
Section 754 Elections. The General Partner may shall elect, pursuant to Section 754 of the Code, to adjust the basis of the Partnership's ’s assets for (i) all transfers Transfers of Partnership Interests Interests, and (ii) any distribution of Partnership property as described in Section 734 of the Code, if such election would benefit any Partner or the Partnership.
Appears in 2 contracts
Samples: Notice and Agreement (Ashford Hospitality Trust Inc), Notice and Agreement (Ashford Hospitality Trust Inc)
Section 754 Elections. The General Partner may shall elect, pursuant to Section 754 of the Code, to adjust the basis of the Partnership's ’s assets for all transfers of Partnership Interests if such election would benefit any Partner or the Partnership.
Appears in 2 contracts
Samples: Ashford Hospitality Trust Inc, Ashford Hospitality Trust Inc
Section 754 Elections. The General Partner may shall elect, pursuant to Section 754 of the Code, to adjust the basis of the Partnership's assets for all transfers of Partnership Interests if such election would benefit any Partner or the Partnership.
Appears in 2 contracts
Samples: Ashford Hospitality Trust Inc, Ashford Hospitality Trust Inc
Section 754 Elections. The General Partner may elect, pursuant to Section 754 of the Code, to adjust the basis of the Partnership's ’s assets for all transfers of Partnership Interests if such election would benefit any Partner or the Partnership.
Appears in 1 contract
Samples: Limited Partnership Agreement (Carter Validus Mission Critical REIT, Inc.)
Section 754 Elections. The General Partner may shall elect, pursuant to Section 754 of the Code, to adjust the basis of the Partnership's ’s assets for all transfers of Partnership Interests interests if such election would benefit any Partner or the Partnership.
Appears in 1 contract
Samples: Agreement of Limited Partnership (Stonehaven Realty Trust)
Section 754 Elections. The General Partner may elect, pursuant to Section 754 In the event of a Transfer of all or any part of the CodeInterest of a Limited Partner, the General Partner, in its sole discretion, may make an election to adjust the basis of the Partnership's assets for all transfers pursuant to Section 754 of Partnership Interests if such election would benefit any Partner or the PartnershipCode.
Appears in 1 contract
Section 754 Elections. The General Partner may elect, pursuant to Section 754 of the Code, to adjust the basis of the Partnership's ’s assets for all transfers of Partnership Interests if such election would benefit any Partner or the Partnership.
Appears in 1 contract
