Examples of Tax Matters Member in a sentence

Without limitation of the foregoing, the Manager shall cooperate with the Tax Matters Member in all respects as reasonably requested by the Tax Matters Member, from time to time, in connection with the Tax Matters Member’s performance of its obligations under this Agreement.
The Tax Matters Member is authorized to adopt any convention or combination of conventions likely to be upheld for federal income tax purposes regarding the allocation of items of Company income, gain, loss, deduction and expense with respect to a transferred LLC Interest.
Any cost or expense incurred by the Tax Matters Member in connection with its duties, including the preparation for or pursuance of administrative or judicial proceedings, shall be paid by the Company.
Each Member expressly consents to such designation and agrees that, upon the request of the Tax Matters Member, it will execute, acknowledge, deliver, file and record at the appropriate public offices such documents as may be necessary or appropriate to evidence such consent.
All matters concerning the computation of Capital Accounts, the allocation of items of Company income, gain, loss, deduction and expense and the adoption of any accounting procedures not expressly provided for by the terms of this Agreement shall be determined by the Tax Matters Member in good faith, following consultation with the Initial Member.

More Definitions of Tax Matters Member

Tax Matters Member means the “tax matters partner” as defined in Section 6231(a)(7) of the Code.

Tax Matters Member has the meaning set forth in Section 7.4 of this Agreement.

Tax Matters Member has the meaning set forth in Section 8.1.

Tax Matters Member has the meaning set forth in Section 7.3 hereof.

Tax Matters Member is defined in Section 10.1(a).

Tax Matters Member has the meaning given such term in Section 10.03.

Tax Matters Member shall have the meaning assigned to such term in Section 5.11.