Tax Agreement. The Operating Partnership shall account for any variation between the tax basis of any Contributed Asset and its fair market value at the time of its contribution to the Operating Partnership under the traditional method under Section 704(c) of the Code and the applicable regulations.
Appears in 8 contracts
Samples: Contribution Agreement, Contribution Agreement (City Office REIT, Inc.), Contribution Agreement (City Office REIT, Inc.)
Tax Agreement. The Operating Partnership shall account for any variation between the tax basis of any Contributed Asset and its fair market value at the time of its contribution to the Operating Partnership under the traditional any method approved under Section 704(c) of the Code and the applicable regulationsregulations as chosen by the general partner of the Operating Partnership.
Appears in 7 contracts
Samples: Contribution Agreement, Contribution Agreement (CyrusOne Inc.), Contribution Agreement (CyrusOne Inc.)
