rsuant to Section 754 of the Code, or the corresponding provision of subsequent law, to adjust the basis of the Partnership property as provided by Sections 734 and 743 of the Code. Sec. 9.07 No Third Party Rights. Except for the provisions of Sec. 3.05, the provisions of this Agreement, including, without

nsfer of all or part of the Company Interest of any Member or the distribution to a Member by the Company of its property, the election pursuant to Sections 734, 743 and 754 of the Code, as amended (or corresponding provisions of future law), to adjust the basis of the Company Assets shall be timely made.