Common use of Special Basis Adjustment Clause in Contracts

Special Basis Adjustment. The Tax Matters Member shall not, without the prior written consent of the other Members, such consent not to be unreasonably withheld, make an election for federal income tax purposes to adjust the basis of property pursuant to Sections 754, 734(b) and 743(b) of the Code, or comparable provisions of state, local or foreign law, in connection with Distributions.

Special Basis Adjustment. The Tax Matters Member shall notshall, ------------------------ without the prior written any further consent of the other MembersMembers being required (except as specifically required herein), such consent not have discretion to be unreasonably withheld, make an election for federal income tax purposes to adjust the basis of property pursuant to Sections 754, 734(b) and 743(b) of the Code, or comparable provisions of state, local or foreign law, in connection with Transfers of Units and Company Distributions.

Special Basis Adjustment. The Tax Matters Member shall notshall, without the prior written any further consent of the other MembersMembers being required (except as specifically required herein), such consent not have discretion to be unreasonably withheld, make an election for federal income tax purposes to adjust the basis of property pursuant to Sections 754, 734(b734 (b) and 743(b743 (b) of the Code, or comparable provisions of state, local or foreign law, in connection with Transfers of Units and Company Distributions.