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: Merger Agreement (Education Realty Trust, Inc.), Contract of Sale/Contribution (Education Realty Trust, Inc.), Contribution 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: Agreement of Limited Partnership (Stirling Hotels & Resorts, Inc.), Contribution Agreement (Ashford Hospitality Trust Inc), Limited Partnership Agreement (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: Agreement of Limited Partnership (Innsuites Hospitality Trust), Limited Partnership Agreement (Boykin Lodging Co), Agreement of Limited Partnership (Boykin Lodging Co)
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: Agreement of Limited Partnership (Ashford Hospitality Trust Inc), Agreement of Limited Partnership (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: Limited Partnership Agreement (Ashford Hospitality Trust Inc), Limited Partnership 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: Limited Partnership Agreement (Ashford Hospitality Trust Inc), Limited Partnership Agreement (Ashford Hospitality Trust Inc)
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
Samples: Limited Partnership Agreement (Carter Validus Mission Critical REIT, 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: Agreement of Limited Partnership (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 all transfers of Partnership Interests interests if such election would benefit any Partner or the Partnership.
Appears in 1 contract
Samples: Limited Partnership Agreement (Stonehaven Realty Trust)
