{"component": "clause", "props": {"groups": [{"size": 29, "snippet_links": [{"key": "the-warrantors", "type": "clause", "offset": [0, 14]}, {"key": "sale-of-the-purchased-shares", "type": "clause", "offset": [100, 128]}, {"key": "the-company", "type": "definition", "offset": [155, 166]}, {"key": "hk-company", "type": "definition", "offset": [172, 182]}, {"key": "registered-capital", "type": "definition", "offset": [228, 246]}, {"key": "taxes-or-duties", "type": "clause", "offset": [310, 325]}, {"key": "in-connection-with", "type": "clause", "offset": [327, 345]}, {"key": "the-relevant", "type": "clause", "offset": [429, 441]}, {"key": "tax-authorities", "type": "definition", "offset": [446, 461]}, {"key": "tax-base", "type": "clause", "offset": [483, 491]}, {"key": "purchase-price-paid", "type": "clause", "offset": [575, 594]}, {"key": "by-the-investor", "type": "clause", "offset": [595, 610]}, {"key": "breach-of-the", "type": "clause", "offset": [629, 642]}, {"key": "section-77", "type": "clause", "offset": [678, 689]}], "snippet": "The Warrantors hereby undertake that all (but not less than all) the proceeds from the issuance and sale of the Purchased Shares shall be contributed into the Company, the HK Company and thereafter into the Ecommerce Company as registered capital, otherwise the Warrantors shall indemnify the Investor against taxes or duties, in connection with the Investor\u2019s sale of its respective shares, levied or imposed on the Investor by the relevant PRC tax authorities as the result of the tax base for such shares determined by the relevant PRC tax authorities being less than the purchase price paid by the Investor solely due to the breach of the Warrantors\u2019 obligations under this Section 7.7.", "samples": [{"hash": "kYjhlLKllMn", "uri": "/contracts/kYjhlLKllMn#tax-basis", "label": "Share Purchase Agreement (Yatsen Holding LTD)", "score": 31.8281993866, "published": true}, {"hash": "gywrCt0narX", "uri": 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"offset": [307, 325]}, {"key": "managing-member", "type": "clause", "offset": [365, 380]}, {"key": "the-borrower", "type": "definition", "offset": [385, 397]}, {"key": "tax-equity-investor", "type": "definition", "offset": [411, 430]}, {"key": "tax-credit-purchaser", "type": "definition", "offset": [446, 466]}], "snippet": "As of the related Transfer Date for such Tax Equity Fund, no notice or action challenging the tax structure, tax basis validity, tax characterization or tax-related legal compliance of such Tax Equity Fund or the tax benefits associated with such Tax Equity Fund is ongoing or has been resolved in a manner materially adverse to such Tax Equity Fund or the related Managing Member, or the Borrower, the related Tax Equity Investor or any related Tax Credit Purchaser.", "samples": [{"hash": "gEWWXh7KlIc", "uri": "/contracts/gEWWXh7KlIc#tax-basis", "label": "Credit Agreement (Sunrun Inc.)", "score": 37.1533196441, "published": true}, {"hash": "7PpKQVWMFXL", "uri": 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{"key": "purchase-of-the", "type": "clause", "offset": [326, 341]}, {"key": "fully-cooperate", "type": "definition", "offset": [364, 379]}, {"key": "audit-or-examination", "type": "clause", "offset": [387, 407]}, {"key": "the-internal-revenue-service", "type": "definition", "offset": [411, 439]}, {"key": "to-purchaser", "type": "definition", "offset": [449, 461]}, {"key": "indemnify-us", "type": "clause", "offset": [504, 516]}], "snippet": "Purchaser\u2019s \u201cbasis\u201d in the Tendered Crypto, as defined in section 1012 of the Internal Revenue Code of 1986, as amended (the \u201cCode\u201d), is set forth on the Investment Questionnaire. Purchaser will (i) provide any additional information we request to verify Purchaser\u2019s basis, including but not limited to records of Purchaser\u2019s purchase of the Tendered Crypto, (ii) fully cooperate in any audit or examination by the Internal Revenue Service relating to Purchaser\u2019s basis in the Tendered Crypto, and (iii) indemnify us for any damages we incur (including attorneys\u2019 fees) if the stated basis is incorrect.", "samples": [{"hash": "8AWw5gGpusx", "uri": "/contracts/8AWw5gGpusx#tax-basis", "label": "Investment Agreement (Multi-Housing Income REIT, LLC)", "score": 32.5633125305, "published": true}, {"hash": "5hLNtmXp5m2", "uri": "/contracts/5hLNtmXp5m2#tax-basis", "label": "Investment Agreement (Nv Reit LLC)", "score": 31.9171791077, "published": true}, {"hash": "9RLyMEitHbK", "uri": "/contracts/9RLyMEitHbK#tax-basis", "label": "Investment Agreement (Nv Reit LLC)", "score": 31.8788509369, "published": true}], "hash": "2eb6f9deac1dbd772ea3f11edf1cb92b", "id": 3}, {"size": 45, "snippet_links": [{"key": "the-company-and-the-holder", "type": "clause", "offset": [0, 26]}, {"key": "mutually-agree", "type": "definition", "offset": [33, 47]}, {"key": "basis-of", "type": "clause", "offset": [62, 70]}, {"key": "this-warrant", "type": "clause", "offset": [71, 83]}, {"key": "for-purposes-of-the", "type": "clause", "offset": [84, 103]}, {"key": "internal-revenue-code-of-1986", "type": "definition", "offset": [104, 133]}, {"key": "as-amended", "type": "definition", "offset": [135, 145]}, {"key": "treatment-of", "type": "definition", "offset": [155, 167]}, {"key": "of-the-company", "type": "clause", "offset": [205, 219]}, {"key": "consistent-with", "type": "definition", "offset": [244, 259]}], "snippet": "The Company and the Holder shall mutually agree as to the tax basis of this Warrant for purposes of the Internal Revenue Code of 1986, as amended, and the treatment of this Warrant under such Code by each of the Company and the Holder shall be consistent with such agreement.", "samples": [{"hash": "iOGDUsmDzWf", "uri": "/contracts/iOGDUsmDzWf#tax-basis", "label": "Common Stock Purchase Warrant", "score": 31.3408622742, "published": true}, {"hash": "7rxYRK49Aam", "uri": "/contracts/7rxYRK49Aam#tax-basis", "label": "Warrant Agreement (DSW Inc.)", "score": 22.2340869904, "published": true}, {"hash": "ky3G7Odmr7D", "uri": "/contracts/ky3G7Odmr7D#tax-basis", "label": "Common Stock Purchase Warrant (Retail Ventures Inc)", "score": 20.0, "published": true}], "hash": "c012d922d76e3bb8c2fdb14366d967a4", "id": 1}, {"size": 7, "snippet_links": [{"key": "the-company-and-the-holder", "type": "clause", "offset": [0, 26]}, {"key": "pursuant-to", "type": "clause", "offset": [33, 44]}, {"key": "proposed-treasury-regulation", "type": "definition", "offset": [45, 73]}, {"key": "federal-income-tax-purposes", "type": "clause", "offset": [101, 128]}, {"key": "the-notes", "type": "clause", "offset": [159, 168]}, {"key": "the-purchase-agreement", "type": "clause", "offset": [184, 206]}, {"key": "purchase-price-for", "type": "clause", "offset": [226, 244]}, {"key": "the-warrants", "type": "clause", "offset": [245, 257]}, {"key": "neither-the-company", "type": "definition", "offset": [321, 340]}, {"key": "any-action", "type": "definition", "offset": [386, 396]}, {"key": "the-agreement", "type": "clause", "offset": [415, 428]}, {"key": "section-87", "type": "clause", "offset": [447, 458]}], "snippet": "The Company and the Holder agree pursuant to Proposed Treasury Regulation Section 1.1273-2 that, for Federal income tax purposes, the aggregate issue price of the Notes (as defined in the Purchase Agreement) and the aggregate purchase price for the Warrants are those set forth in Section 2.04 of the Purchase Agreement. Neither the Company nor the Holder hereof shall voluntarily take any action inconsistent with the agreement set forth in this Section 8.7.", "samples": [{"hash": "gLQ7Klzk0Ds", "uri": "/contracts/gLQ7Klzk0Ds#tax-basis", "label": "Warrant Agreement (Mce Companies Inc)", "score": 18.0, "published": true}, {"hash": "7jjbvb7sGN9", "uri": "/contracts/7jjbvb7sGN9#tax-basis", "label": "Warrant Agreement (Mce Companies Inc)", "score": 18.0, "published": true}, {"hash": "4JQKJiZ24NU", "uri": "/contracts/4JQKJiZ24NU#tax-basis", "label": "Warrant Agreement (Mce Companies Inc)", "score": 18.0, "published": true}], "hash": "e8853d3de01396e0cd834f9655db1139", "id": 5}, {"size": 6, "snippet_links": [{"key": "a-us", "type": "clause", "offset": [0, 5]}, {"key": "amount-paid", "type": "definition", "offset": [54, 65]}, {"key": "to-acquire", "type": "definition", "offset": [81, 91]}, {"key": "upon-receipt-of-a", "type": "clause", "offset": [98, 115]}, {"key": "payment-at-maturity", "type": "clause", "offset": [121, 140]}, {"key": "upon-a-sale", "type": "clause", "offset": [144, 155]}, {"key": "redemption-of-the-notes", "type": "clause", "offset": [170, 193]}, {"key": "prior-to-maturity", "type": "clause", "offset": [194, 211]}, {"key": "capital-gain-or-loss", "type": "definition", "offset": [252, 272]}, {"key": "equal-to", "type": "definition", "offset": [273, 281]}, {"key": "amount-realized", "type": "clause", "offset": [309, 324]}, {"key": "the-us", "type": "clause", "offset": [329, 336]}, {"key": "subject-to-the", "type": "definition", "offset": [367, 381]}, {"key": "concerning-the", "type": "clause", "offset": [399, 413]}, {"key": "application-of-the", "type": "clause", "offset": [424, 442]}, {"key": "constructive-ownership", "type": "definition", "offset": [444, 466]}, {"key": "the-code", "type": "clause", "offset": [496, 504]}, {"key": "gain-or-loss-generally", "type": "clause", "offset": [519, 541]}, {"key": "one-year", "type": "clause", "offset": [629, 637]}, {"key": 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"offset": [1500, 1515]}, {"key": "any-excess", "type": "definition", "offset": [1580, 1590]}, {"key": "to-the-extent", "type": "clause", "offset": [1596, 1609]}, {"key": "gross-income", "type": "definition", "offset": [1643, 1655]}, {"key": "prior-to-the", "type": "clause", "offset": [1703, 1715]}, {"key": "taxable-year", "type": "clause", "offset": [1716, 1728]}, {"key": "the-sale", "type": "clause", "offset": [1732, 1740]}, {"key": "constant-rate", "type": "clause", "offset": [1801, 1814]}, {"key": "applicable-federal-rate", "type": "definition", "offset": [1828, 1851]}, {"key": "date-of-sale", "type": "definition", "offset": [1862, 1874]}, {"key": "for-example", "type": "clause", "offset": [2143, 2154]}, {"key": "the-excess", "type": "clause", "offset": [2175, 2185]}, {"key": "financial-assets", "type": "clause", "offset": [2416, 2432]}, {"key": "defined-in-section", "type": "clause", "offset": [2492, 2510]}, {"key": "fair-market-value", "type": "definition", "offset": [2658, 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"proposed-treasury-regulations", "type": "definition", "offset": [5116, 5145]}, {"key": "require-the", "type": "clause", "offset": [5146, 5157]}, {"key": "payments-made", "type": "clause", "offset": [5210, 5223]}, {"key": "principal-contracts", "type": "definition", "offset": [5247, 5266]}, {"key": "the-preamble", "type": "clause", "offset": [5268, 5280]}, {"key": "the-regulations", "type": "clause", "offset": [5284, 5299]}, {"key": "method-of-accounting", "type": "clause", "offset": [5331, 5351]}, {"key": "in-existence", "type": "definition", "offset": [5495, 5507]}, {"key": "proposed-regulations", "type": "definition", "offset": [5519, 5539]}, {"key": "forward-contracts", "type": "clause", "offset": [5564, 5581]}, {"key": "in-the-case", "type": "clause", "offset": [5676, 5687]}, {"key": "term-of-the-notes", "type": "clause", "offset": [5924, 5941]}, {"key": "single-currency", "type": "definition", "offset": [5988, 6003]}, {"key": "the-principles", "type": "clause", "offset": [6005, 6019]}, {"key": "similar-to", "type": "definition", "offset": [6038, 6048]}, {"key": "revenue-ruling", "type": "definition", "offset": [6059, 6073]}, {"key": "the-euro", "type": "clause", "offset": [6209, 6217]}, {"key": "dollar-exchange-rate", "type": "definition", "offset": [6223, 6243]}, {"key": "for-us", "type": "clause", "offset": [6300, 6307]}, {"key": "federal-income-tax-purposes", "type": "clause", "offset": [6309, 6336]}, {"key": "in-effect", "type": "clause", "offset": [6337, 6346]}, {"key": "principal-protected", "type": "definition", "offset": [6362, 6381]}, {"key": "dollar-denominated", "type": "definition", "offset": [6477, 6495]}, {"key": "adverse-consequences", "type": "clause", "offset": [6568, 6588]}], "snippet": "A U.S. \u2587\u2587\u2587\u2587\u2587\u2587\u2019s tax basis in the notes will equal the amount paid by that holder to acquire them. Upon receipt of a cash payment at maturity or upon a sale, exchange, or redemption of the notes prior to maturity, a U.S. Holder generally will recognize capital gain or loss equal to the difference between the amount realized and the U.S. Holder\u2019s basis in the notes. Subject to the discussion below concerning the potential application of the \u201cconstructive ownership\u201d rules under Section 1260 of the Code, this capital gain or loss generally will be long-term capital gain or loss if the U.S. Holder held the notes for more than one year. The deductibility of capital losses is subject to limitations. If the Market Measure is or includes the type of financial asset described under Section 1260 of the Code (including, among others, any equity interest in pass-thru entities such as exchange traded funds, regulated investment companies, real estate investment trusts, partnerships, and passive foreign investment companies, each a \u201cSection 1260 Financial Asset\u201d), while the matter is not entirely clear, there may exist a risk that an investment in the notes will be treated, in whole or in part, as a \u201cconstructive ownership transaction\u201d to which Section 1260 of the Code applies. If Section 1260 of the Code applies, all or a portion of any long-term capital gain recognized by a U.S. Holder in respect of the notes will be recharacterized as ordinary income (the \u201cExcess Gain\u201d). In addition, an interest charge will also apply to any deemed underpayment of tax in respect of any Excess Gain to the extent such gain would have resulted in gross income inclusion for the U.S. Holder in taxable years prior to the taxable year of the sale, exchange, or settlement (assuming such income accrued at a constant rate equal to the applicable federal rate as of the date of sale, exchange, or settlement). If an investment in the notes is treated as a constructive ownership transaction, it is not clear to what extent any long-term capital gain of a U.S. Holder in respect of the notes will be recharacterized as ordinary income. It is possible, for example, that the amount of the Excess Gain (if any) that would be recharacterized as ordinary income in respect of the notes will equal the excess of (i) any long-term capital gain recognized by the U.S. Holder in respect of the notes and attributable to Section 1260 Financial Assets, over (ii) the \u201cnet underlying long-term capital gain\u201d (as defined in Section 1260 of the Code) such U.S. Holder would have had if such U.S. Holder had acquired an amount of the corresponding Section 1260 Financial Assets at fair market value on the original issue date for an amount equal to the portion of the issue price of the notes attributable to the corresponding Section 1260 Financial Assets and sold such amount of Section 1260 Financial Assets upon the date of sale, exchange, or settlement of the notes at fair market value. Alternatively, the IRS may contend that the Excess Gain should not be limited to amounts attributable to a Section 1260 Financial Asset, but should instead apply to the entire Market Measure. U.S. Holders should consult their tax advisors regarding the potential application of Section 1260 of the Code to an investment in the notes. Table of Contents As described above, the IRS, as indicated in the Notice, is considering whether Section 1260 of the Code generally applies or should apply to the notes, including in situations where the Market Measure is not the type of financial asset described under Section 1260 of the Code. Due to the absence of authorities that directly address the proper tax treatment of the notes, prospective investors are urged to consult their tax advisors regarding all possible alternative tax treatments of an investment in the notes. In particular, the IRS could seek to subject the notes to the Treasury regulations governing contingent payment debt instruments (the \u201cContingent Payment Regulations\u201d). If the IRS were successful in that regard, the timing and character of income on the notes would be affected significantly. Among other things, a U.S. Holder would be required to accrue original issue discount every year at a \u201ccomparable yield\u201d determined at the time of issuance. In addition, any gain realized by a U.S. Holder at maturity, or upon a sale or other disposition of the notes generally would be treated as ordinary income, and any loss realized at maturity would be treated as ordinary loss to the extent of the U.S. Holder\u2019s prior accruals of original issue discount, and as capital loss thereafter. Even if the Contingent Payment Regulations do not apply to the notes, other alternative U.S. federal income tax characterizations of the notes are possible which, if applied, also could affect the timing and the character of a U.S. Holder\u2019s income or loss. It is possible, for example, that the notes could be treated as a unit consisting of a loan and a forward contract, in which case a U.S. Holder would be required to accrue interest income or original issue discount on a current basis. Proposed Treasury regulations require the accrual of income on a current basis for contingent payments made under certain notional principal contracts. The preamble to the regulations states that the \u201cwait and see\u201d method of accounting does not properly reflect the economic accrual of income on those contracts, and requires current accrual of income for some contracts already in existence. While the proposed regulations do not apply to prepaid forward contracts, the preamble to the proposed regulations expresses the view that similar timing issues exist in the case of prepaid forward contracts. If the IRS or Treasury publishes future guidance requiring current economic accrual for contingent payments on prepaid forward contracts, it is possible that you could be required to accrue income over the term of the notes. Further, if the Market Measure consists of a single currency, the principles of, or principles similar to those of, Revenue Ruling 2008-1 (\u201cRuling\u201d) may apply to the notes, depending on their terms. In the Ruling, the IRS held that a three year instrument linked to the euro-U.S. dollar exchange rate should be treated as a euro-denominated debt instrument for U.S. federal income tax purposes in effect because it was principal protected in euros. If principles such as those apply to the notes, the notes may be treated as non-U.S. dollar denominated debt instruments for U.S. federal income tax purposes and may result in adverse consequences for U.S. holders. For example, all or a portion of the return on such notes may be treated as ordinary income and U.S. holders may be forced to recognize all or a portion of such income on a current basis over the term of the notes.", "samples": [{"hash": "hdfvWIbaZsN", "uri": "/contracts/hdfvWIbaZsN#tax-basis", "label": "Medium Term Senior Note (Bank of America Corp /De/)", "score": 21.0, "published": true}, {"hash": "e71WBV7TOys", "uri": "/contracts/e71WBV7TOys#tax-basis", "label": "Medium Term Senior Note (Bank of America Corp /De/)", "score": 21.0, "published": true}, {"hash": "8YivBmEK4uh", "uri": "/contracts/8YivBmEK4uh#tax-basis", "label": "Medium Term Senior Note (Bank of America Corp /De/)", "score": 21.0, "published": true}], "hash": "7c78c93265dc141614ecabd9e5d35754", "id": 6}, {"size": 5, "snippet_links": [{"key": "days-after", "type": "definition", "offset": [28, 38]}, {"key": "irs-form", "type": "definition", "offset": [57, 65]}, {"key": "for-the-company", "type": "clause", "offset": [71, 86]}, {"key": "taxable-year", "type": "clause", "offset": [95, 107]}, {"key": "of-the-company", "type": "clause", "offset": [108, 122]}, {"key": "the-closing", "type": "definition", "offset": [137, 148]}, {"key": "the-company-shall", "type": "clause", "offset": [150, 167]}, {"key": "deliver-to", "type": "definition", "offset": [168, 178]}, {"key": "a-schedule", "type": "clause", "offset": [194, 204]}, {"key": "tax-basis-schedule", "type": "clause", "offset": [211, 229]}, {"key": "the-information", "type": "clause", "offset": [246, 261]}, {"key": "by-this-agreement", "type": "clause", "offset": [309, 326]}, {"key": "transferred-basis", "type": "definition", "offset": [346, 363]}, {"key": "basis-adjustment", "type": "definition", "offset": [368, 384]}, {"key": "reference-asset", "type": "definition", "offset": [393, 408]}, {"key": "in-respect-of", "type": "definition", "offset": [409, 422]}, {"key": "the-period", "type": "clause", "offset": [446, 456]}], "snippet": "Within ninety (90) calendar days after the filing of the IRS Form 1065 for the Company for the taxable year of the Company that includes the Closing, the Company shall deliver to each TRA Party a schedule (the \u201cTax Basis Schedule\u201d) that provides the information necessary to perform the calculations required by this Agreement, including (a) the Transferred Basis and Basis Adjustment in each Reference Asset in respect of such TRA Party and (b) the period (or periods) over which each Reference Asset is amortizable and/or depreciable.", "samples": [{"hash": "gakojOVTvK1", "uri": "/contracts/gakojOVTvK1#tax-basis", "label": "Tax Receivable Agreement (PF2 SpinCo, Inc.)", "score": 31.0917186737, "published": true}, {"hash": "k4WTEcRuVFa", "uri": "/contracts/k4WTEcRuVFa#tax-basis", "label": "Tax Receivable Agreement (PF2 SpinCo LLC)", "score": 30.8288841248, "published": true}, {"hash": "bgHrEJ6zCaO", "uri": "/contracts/bgHrEJ6zCaO#tax-basis", "label": "Tax Receivable Agreement (Change Healthcare 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Stepped-Up Properties to the fair market value of the total acquisition cost. For purposes of this Section 4.42, the term \u201cStepped-Up Properties\u201d means properties other than those held through partnerships or other similar joint ventures with third parties not related to AFRT.", "samples": [{"hash": "lRAySOd6i6T", "uri": "/contracts/lRAySOd6i6T#tax-basis", "label": "Junior Mezzanine Loan Agreement (Gramercy Capital Corp)", "score": 21.0, "published": true}, {"hash": "jSRrnOb1SqO", "uri": "/contracts/jSRrnOb1SqO#tax-basis", "label": "Loan Agreement (Gramercy Capital Corp)", "score": 21.0, "published": true}, {"hash": "eO7OMRpBkvB", "uri": "/contracts/eO7OMRpBkvB#tax-basis", "label": "Senior Mezzanine Loan Agreement (Gramercy Capital Corp)", "score": 21.0, "published": true}], "hash": "0725ff972b8331ca4e4ea262bb6a27e6", "id": 8}, {"size": 3, "snippet_links": [{"key": "tax-purposes", "type": "clause", "offset": [4, 16]}, {"key": "basis-of", "type": "clause", "offset": [30, 38]}, {"key": "to-the-partnership", "type": "clause", "offset": [62, 80]}, {"key": "by-the-partnership", "type": "clause", "offset": [185, 203]}, {"key": "cost-of", "type": "clause", "offset": [253, 260]}, {"key": "without-limitation", "type": "clause", "offset": [345, 363]}, {"key": "tangible-and-intangible-assets", "type": "clause", "offset": [389, 419]}, {"key": "tax-consequences", "type": "clause", "offset": [438, 454]}, {"key": "the-non", "type": "clause", "offset": [458, 465]}, {"key": "contributing-partner", "type": "definition", "offset": [466, 486]}, {"key": "to-the-extent", "type": "clause", "offset": [497, 510]}, {"key": "tax-rules", "type": "definition", "offset": [543, 552]}, {"key": "sold-to", "type": "clause", "offset": [585, 592]}, {"key": "fair-market-value", "type": "definition", "offset": [617, 634]}], "snippet": "For tax purposes:\n(a) The tax basis of any assets contributed to the Partnership constitutes the tax basis of such assets in the hands of the Partnership.\n(b) Assets that are purchased by the Partnership from a Partner shall have as their tax basis the cost of such asset to the Partnership. As to any asset contributed by a Partner (including, without limitation, inventory and all other tangible and intangible assets of any kind), the tax consequences to the non-contributing Partner shall be, to the extent permitted by applicable federal tax rules, the same as if such asset were sold to the Partnership for its fair market value.", "samples": [{"hash": "kPcvqHSIva3", "uri": "/contracts/kPcvqHSIva3#tax-basis", "label": "Partnership Agreement (Penske Automotive Group, Inc.)", "score": 21.0, "published": true}, {"hash": "XQB3x15YRV", "uri": "/contracts/XQB3x15YRV#tax-basis", "label": "Limited Partnership Agreement (Penske Automotive Group, Inc.)", "score": 21.0, "published": true}, {"hash": "7E21qpSXsZa", "uri": "/contracts/7E21qpSXsZa#tax-basis", "label": "Limited Partnership Agreement (Penske Automotive Group, Inc.)", "score": 21.0, "published": true}], "hash": "a51cbbaa1134793f08065acbf2d7045b", "id": 9}, {"size": 3, "snippet_links": [{"key": "the-holder", "type": "clause", "offset": [20, 30]}, {"key": "basis-of", "type": "clause", "offset": [57, 65]}, {"key": "this-warrant", "type": "clause", "offset": [66, 78]}, {"key": "for-purposes-of-the", "type": "clause", "offset": [79, 98]}, {"key": "internal-revenue-code-of-1986", "type": "definition", "offset": [99, 128]}, {"key": "as-amended", "type": "definition", "offset": [130, 140]}, {"key": "treatment-of", "type": "definition", "offset": [167, 179]}, {"key": "of-the-corporation", "type": "clause", "offset": [217, 235]}, {"key": "consistent-with", "type": "definition", "offset": [260, 275]}], "snippet": "The Corporation and the Holder hereby agree that the tax basis of this Warrant for purposes of the Internal Revenue Code of 1986, as amended, shall be $1,000, and the treatment of this Warrant under such Code by each of the Corporation and the Holder shall be consistent with such agreement.", "samples": [{"hash": "jjcfYZDbZbQ", "uri": "/contracts/jjcfYZDbZbQ#tax-basis", "label": "Common Stock Purchase Warrant (General Datacomm Industries Inc)", "score": 18.0, "published": true}, {"hash": "caF6WXNoCSs", "uri": "/contracts/caF6WXNoCSs#tax-basis", "label": "Warrant Agreement (Outsource International Inc)", "score": 18.0, "published": true}, {"hash": "btuhHzWvvVy", "uri": "/contracts/btuhHzWvvVy#tax-basis", "label": "Common Stock Purchase Warrant (General Datacomm Industries Inc)", "score": 18.0, "published": true}], "hash": "a24dd275043c59115c5be387bae7e44a", "id": 10}], "next_curs": "ClISTGoVc35sYXdpbnNpZGVyY29udHJhY3Rzci4LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhJ0YXgtYmFzaXMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"size": 184, "title": "Tax Basis", "children": [["amendments", "Amendments"], ["notices-of-corporate-action", "Notices of Corporate Action"], ["fractional-shares", "Fractional Shares"], ["transfer-of-warrants", "Transfer of Warrants"], ["delivery-of-stock-certificates-etc", "Delivery of Stock Certificates, etc"]], "parents": [["exercise-of-warrant", "Exercise of Warrant"], ["covenants-of-the-warrantors", "COVENANTS OF THE WARRANTORS"], ["miscellaneous", "Miscellaneous"], ["tax-matters", "Tax Matters"], ["tax-basis", "Tax Basis"]], "id": "tax-basis", "related": [["after-tax-basis", "After-Tax Basis", "After-<strong>Tax Basis</strong>"], ["tax-liability", "Tax Liability", "Tax Liability"], ["transaction-taxes", "Transaction Taxes", "Transaction Taxes"], ["tax-year", "Tax Year", "Tax Year"], ["tax-expenses", "Tax Expenses", "Tax Expenses"]], "related_snippets": [], "updated": "2026-02-28T04:48:56+00:00", "also_ask": [], "drafting_tip": "Specify the applicable tax laws to prevent misinterpretation; define calculation methods to ensure consistency; clarify party responsibilities to avoid disputes.", "explanation": "The Tax Basis clause defines how the tax-related value or cost of an asset or transaction is determined for the purposes of the agreement. Typically, it specifies the method for calculating the original value of an asset for tax reporting, such as purchase price, adjusted cost, or fair market value, and may outline how adjustments are made for depreciation or improvements. This clause ensures both parties have a clear and consistent understanding of tax calculations, reducing the risk of disputes or unexpected tax liabilities."}, "json": true, "cursor": ""}}