Blocker Section 743(b) Adjustments definition
Blocker Section 743(b) Adjustments means the adjustments, existing as of the close of the IPO Date (as determined based on the interim closing of the books of Focus LLC as of the close of the IPO Date), to the Tax basis of the Reference Assets under Section 743(b) of the Code that are attributable to the Common Units held by the Blockers.
Examples of Blocker Section 743(b) Adjustments in a sentence
The parties agree that any payment under this Agreement relating to or arising from Blocker Section 743(b) Adjustments shall not have the effect of creating additional Blocker Section 743(b) Adjustments or any other type of Basis Adjustment.