Common use of Special Basis Adjustment Clause in Contracts

Special Basis Adjustment. At the request of either the transferor or transferee in connection with a transfer of an Interest in the Company approved by the Members pursuant to Article 13 of this Agreement, the Managers shall cause the Company to make the election provided for in Code Section 754 and maintain a record of the adjustments to Basis of Property resulting from that election. Any such transferee shall pay all costs incurred by the Company in connection with such election and the maintenance of such records.

Special Basis Adjustment. At the request of either the transferor or transferee in connection with a transfer of an a Membership Interest in the Company approved by the Members pursuant to Article 13 of this AgreementCompany, the Managers shall may, in their sole discretion, cause the Company to make the election provided for in Code Section 754 and maintain a record of the adjustments to Basis of Property resulting from that election. Any such transferee shall pay all costs incurred by the Company in connection with such election and the maintenance of such records.

Special Basis Adjustment. At the request of either the transferor or transferee in connection with a transfer of an a Membership Interest in the Company approved by the Members pursuant to Article 13 of this AgreementCompany, the Managers shall Manager will, at the request of any Member, cause the Company to make the election provided for in Code Section 754 and maintain a record of the adjustments to Basis of Property resulting from that election. Any such transferee shall pay all costs incurred by the Company in connection with such election and the maintenance of such records.

Special Basis Adjustment. At the request of either the transferor or transferee in connection with a transfer of an a Membership Interest in the Company approved by the Members pursuant to Article 13 of this AgreementCompany, the Managers shall Manager may, in its sole discretion, cause the Company to make the election provided for in Code Section 754 and maintain a record of the adjustments to Basis of Property resulting from that election. Any such transferee shall pay all costs incurred by the Company in connection with such election and the maintenance of such records.

Special Basis Adjustment. At the request of either the transferor ------------------------ or transferee in connection with a transfer of an a Member's Interest in the Company approved by the Members pursuant to Article 13 of this AgreementCompany, the Managers shall Managing Member may, in their sole discretion, cause the Company to make the election provided for in Code Section 754 and maintain a record of the adjustments to Basis of Property resulting from that election. Any such transferee shall pay all costs incurred by the Company in connection with such election and the maintenance of such records.