In the event the Gross Asset Value of any Company asset is adjusted pursuant to [[subparagraph (b) or (d)])]])] of the definition of Gross Asset Value hereof, the amount of such adjustment shall be taken into account as gain or loss from the disposition of such asset for purposes of computing Profits or Losses;
in the event the Gross Asset Value of any Company asset is adjusted pursuant to [[subparagraphsubsection (b) or (d)(c)])]])] ofor the definition of Gross Asset Value hereof,above, the amount of such adjustment shall be taken into accounttreated as an item of gain (if the adjustment increases the Gross Asset Value of the Company asset) or an item of loss (if the adjustment decreases the Gross Asset Value of the Company asset) from the disposition of such asset and shall, except to the extent allocated pursuant to [Section 5.2], be taken into account for purposes of computing Profits or Losses;
If the Gross Asset Value of any Companyan asset ishas been determined or adjusted pursuant to the foregoing [[subparagraphsubparagraphs (a), (b) or (d)])])]])] of the definition of)], such Gross Asset Value hereof,shall thereafter be adjusted by the amount of such adjustment shall beDepreciation taken into account as gain or loss from the disposition ofwith respect to such asset for purposes of computing Profits or Losses;and Losses.
if the Gross Asset Value of anya Company asset ishas been determined or adjusted pursuant to [[subparagraphsubsections (a), (b) or (d)])])]])])] of thethis definition of Gross Asset Value, such Gross Asset Value hereof,shall thereafter be adjusted by the amount of such adjustment shall beDepreciation taken into account as gain or loss from the disposition ofwith respect to such asset for purposes of computing Profits or Losses;Profits, Losses, Simulated Depletion and other items allocated pursuant to [Article V].
the eventGross Asset Values of Company assets shall be increased (or decreased) to reflect any adjustments to the adjusted basis of such assets pursuant to Code Section 734(b) or Code Section 743(b), but only to the extent that such adjustments are taken into account in determining Capital Accounts pursuant to Treasury Regulations Section 1.704-1(b)(2)(iv)(m) and subsection # in the definition of “Profits” or “Losses” below or [Section 5.2(g)]; provided, however, that the Gross Asset Value of anya Company asset isshall not be adjusted pursuant to [[subparagraph (b)this subsection to the extent the Managing Member determines that an adjustment pursuant to subsection # of this definition is necessary or (d)])]])] of the definition of Gross Asset Value hereof, the amount of suchappropriate in connection with a transaction that would otherwise result in an adjustment shall be taken into account as gain or loss from the disposition of such asset for purposes of computing Profits or Losses;pursuant to this ; and
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