Subsequent Contribution. The facts are the same as paragraph (d)(3)(i) of this section, except that at the time of the October 5, 2019 distribution, A’s ad- justed basis in its X stock is $90. Fur- ther, on December 27, 2019, A contrib- utes $100 to X in a transaction de- scribed in section 351(a). The analysis in paragraph (d)(3)(ii) of this section remains the same, except that, unlike the second to last sentence of para- graph (d)(3)(ii)(C)(1) of this section, A’s basis in its X stock is reduced by $90 to $0 and pursuant to paragraph (b)(2)(iii) of this section, $10 is treated as gain from the sale or exchange of property. Additionally, as a result of the Decem- ber 27, 2019 contribution of $100, A’s basis in its X stock is increased by $100, so that at the end of 2019, A’s basis in its X stock is $100.
Subsequent Contribution. No Member shall be obligated to make additional capital contributions unless unanimously agreed to by all Members.
Subsequent Contribution. After the Certificate Date, but prior to the Lock-In Date, additional Contributions made by a Certificate Owner. The sum of the initial Contribution and any Subsequent Contributions may not exceed the Maximum Total Contributions. Subsequent Contributions do not include dividends, capital gains or Covered Asset Transfers from Covered Assets that are automatically reinvested. After the Lock-In Date, Subsequent Contributions will not be permitted.
Subsequent Contribution. With respect to each Inland Property, as of 12:00 A.M. on the Business Day immediately following the Contribution Closing Date relating to such Inland Property (the “Subsequent Contribution Closing Date”) the Partnership shall contribute such Inland Equity Interests to the Inland Properties REIT Entity. The Inland Properties REIT Entity shall file an IRS Form 8832 (and any applicable state or local income tax election forms) to elect to be classified as a corporation for federal and applicable state and local income tax purposes, which election shall be effective on or prior to the Subsequent Contribution Closing Date relating to the first contributed Inland Equity Interests. The applicable Contribution Closing Date and the associated Subsequent Contribution Closing Date shall be timed to occur on immediately consecutive days that are both Business Days, so that the applicable Contribution Closing Date and Subsequent Contribution Closing Date are not separated by any non-Business Days (such as a weekend day or holiday). The Partnership and the Inland Properties REIT Entity shall execute a contribution agreement substantially in the form agreed to by the General Partner, the Limited Partners and the Partnership as of the date hereof (each, a “REIT Contribution Agreement”). Each REIT Contribution Agreement shall set forth, among other things:
