Section 754 Election. The Partnership shall, upon the written request of any Partner benefitted thereby, cause the Partnership to file an election under Section 754 of the Code and the Regulations thereunder to adjust the basis of the Partnership assets under Section 734(b) or 743(b) of the Code, and a corresponding election under the applicable sections of state and local law.
Appears in 7 contracts
Sources: Limited Partnership Agreement (Lyondell Chemical Co), Limited Partnership Agreement (Millennium Chemicals Inc), Partnership Agreement (Millennium Chemicals Inc)
Section 754 Election. The Partnership shall, upon the written request of any Partner benefitted benefited thereby, cause the Partnership to file an election under Section 754 of the Code and the Regulations thereunder to adjust the basis of the Partnership assets under Section 734(b) or 743(b) of the Code, and a corresponding election under the applicable sections of state and local law.
Appears in 4 contracts
Sources: Limited Partnership Agreement (Millennium Chemicals Inc), Limited Partnership Agreement (Millennium Chemicals Inc), Limited Partnership Agreement (Equistar Chemicals Lp)
Section 754 Election. The Partnership shall, upon the written -------------------- request of any Partner benefitted thereby, cause the Partnership to file an election under Section 754 of the Code and the Regulations thereunder to adjust the basis of the Partnership assets under Section 734(b) or 743(b) of the Code, and a corresponding election under the applicable sections of state and local law.
Appears in 3 contracts
Sources: Limited Partnership Agreement (Equistar Chemicals Lp), Limited Partnership Agreement (Equistar Funding Corp), Limited Partnership Agreement (Lyondell Chemical Co)
Section 754 Election. The Partnership shall, upon if requested by either General Partner, make the written request of any Partner benefitted thereby, cause the Partnership to file an election under Section 754 of the Code and the Regulations thereunder to adjust the basis of the Partnership assets under Section 734(b) or 743(b) of the Code, and a corresponding election under the applicable sections of state and local law.
Appears in 3 contracts
Sources: Limited Partnership Agreement (Mobile Mini Finance, LLC), Limited Partnership Agreement (Mobile Mini Inc), Limited Partnership Agreement (Mobile Storage Group Inc)
Section 754 Election. The Partnership shallUpon the transfer of an interest in the Partnership, upon the written request of any Partner benefitted thereby, cause the Partnership to file shall make an election under pursuant to Section 754 of the Code and the Regulations thereunder to adjust the basis of the Partnership assets under Section 734(b) or 743(b) of the Code, and a corresponding election under the applicable sections of state and local lawProperty.
Appears in 1 contract
Section 754 Election. The Partnership shall, upon if requested by any Partner, make the written request of any Partner benefitted thereby, cause the Partnership to file an election under Code Section 754 of the Code and the Regulations thereunder to adjust the basis of the Partnership assets under Section 734(b) or 743(b) of the Code, and a corresponding election under the applicable sections of state and local law754.
Appears in 1 contract
Sources: General Partnership Agreement (Bonneville Pacific Corp)
Section 754 Election. The Partnership shall, upon the written request of any Partner benefitted benefited thereby, cause the Partnership to file an election under Section 754 of the Code and the Regulations thereunder to adjust the basis of the Partnership assets under Section 734(b) or 743(b) of the Code, and a corresponding election under the applicable sections of state and local law.. HOU03:1138115.4 14
Appears in 1 contract
Sources: Limited Partnership Agreement (LyondellBasell F&F Holdco, LLC)
Section 754 Election. The Partnership shall, upon the written request of any Partner benefitted thereby, cause the Partnership to file an election under Section section 754 of the Code and the Regulations thereunder to adjust the basis of the Partnership assets under Section section 734(b) or 743(b) of the Code, and a corresponding election under the applicable sections of state and local law.
Appears in 1 contract