Common use of Special Basis Adjustments Clause in Contracts

Special Basis Adjustments. In the event of a transfer of all or any part of the Interest of the Investment Limited Partner or a transfer of all or any part of an interest of a partner and/or holders of beneficial assignee certificates of the Investment Limited Partner, the Partnership shall elect, upon the request of the Investment Limited Partner, pursuant to Section 754 of the Code, to adjust the basis of the Partnership property. Any adjustments made pursuant to said Section 754 shall affect only the successor in interest to the transferring Partner or partner or holder of beneficial assignee certificate thereof. Each Partner will furnish the Partnership all information necessary to give effect to such election.

Special Basis Adjustments. In the event of a transfer of all or any part of the Interest of the Investment Limited Partner or a transfer of all or any part of an interest of a partner and/or holders a holder of a beneficial assignee certificates certificate of the Investment Limited Partner, the Partnership shall elect, upon the request of the Investment Limited Partner, pursuant to Section 754 of the Code, to adjust the basis of the Partnership property. Any adjustments made pursuant to said Section 754 shall affect only the successor in interest to the transferring Partner or partner or holder of a beneficial assignee certificate thereof. Each Partner will furnish the Partnership all information necessary to give effect to any such election.

Special Basis Adjustments. In the event of a transfer of all or any part of the Interest of the Investment Limited Partner or a transfer of all or any part of an interest of a partner and/or holders a holder of a beneficial assignee certificates certificate of the Investment Limited Partner, the Partnership shall elect, upon the request of the Investment Limited Partner, pursuant to Section 754 of the Code, to adjust the basis of the Partnership property. Any adjustments made pursuant to said Section 754 shall affect only the successor in interest to the transferring Partner or partner or holder of a beneficial assignee certificate thereof. Each Partner will furnish the Partnership all information necessary to give effect to such election.

Special Basis Adjustments. In the event of a transfer of all or any part of the Interest of the an Investment Limited Partner or a transfer of all or any part of an interest of a partner and/or holders holder of beneficial assignee certificates certificate of the an Investment Limited Partner, the Partnership shall elect, upon the request of the Investment Limited PartnerPartners, pursuant to Section 754 of the Code, to adjust the basis of the Partnership property. Any adjustments made pursuant to said Section 754 shall affect only the successor in interest to the transferring Partner or partner or holder of beneficial assignee certificate thereof. Each Partner will furnish the Partnership all information necessary to give effect to such election.

Special Basis Adjustments. In the event of a transfer of all or any part of the Interest of the Investment Limited Partner or a transfer of all or any part of an interest of a partner and/or holders a holder of beneficial assignee certificates certificate of the Investment Limited Partner, the Partnership shall elect, upon the request of the Investment Limited Partner, pursuant to Section 754 of the Code, to adjust the basis of the Partnership property. Any adjustments made pursuant to said Section 754 shall affect only the successor in interest to the transferring Partner or partner or and/or a holder of beneficial assignee certificate thereof. Each Partner will furnish the Partnership all information necessary to give effect to such election.

Special Basis Adjustments. In the event of a transfer of all or any part of the any Interest of the an Investment Limited Partner or a transfer of all or any part of an interest of a partner and/or holders a holder of a beneficial assignee certificates certificate of the an Investment Limited Partner, the Partnership shall elect, elect upon the request of the such Investment Limited Partner, pursuant to Section 754 of the Code, to adjust the basis of the Partnership property. Any adjustments made pursuant to said Section 754 shall affect only the successor in interest to the transferring Partner or partner or holder of beneficial assignee certificate thereof. Each Partner will furnish the Partnership all information necessary to give effect to such election.

Special Basis Adjustments. In the event of a transfer of all or any part of the Interest of the an Investment Limited Partner or a transfer of all or any part of an interest of a partner and/or holders a holder of a beneficial assignee certificates certificate of the an Investment Limited Partner, the Partnership shall elect, upon the request of the such Investment Limited Partner, pursuant to Section 754 of the Code, to adjust the basis of the Partnership property. Any adjustments made pursuant to said Section 754 shall affect only the successor in interest to the transferring Partner or partner or holder of a beneficial assignee certificate thereof. Each Partner will furnish the Partnership all information necessary to give effect to any such election.

Special Basis Adjustments. In the event of a transfer of all or any part of the Interest of the an Investment Limited Partner or a transfer of all or any part of an interest of a partner and/or holders a holder of a beneficial assignee certificates certificate of the an Investment Limited Partner, the Partnership shall elect, elect upon the request of the such Investment Limited Partner, pursuant to Section 754 of the Code, to adjust the basis of the Partnership property. Any adjustments made pursuant to said Section 754 shall affect only the successor in interest to the transferring Partner or partner or holder of beneficial assignee certificate thereof. Each Partner will furnish the Partnership all information necessary to give effect to such election.