Common use of Authority of the Partnership Representative Clause in Contracts

Authority of the Partnership Representative. To the maximum extent permitted under the Partnership Adjustment Procedures, the Partnership Representative shall have the exclusive right to control all income Tax issues relating to an Affected Tax Return, including, by way of illustration and not in limitation, the power and authority without the consent of any Member to: (A) enter into any agreement with the IRS to extend the period for assessing any Tax that is attributable to any item that may be the subject of an audit of an Affected Tax Return; (B) settle any audit of an Affected Tax Return with the IRS concerning the adjustment of any Company item; (C) commence or settle any Tax court case or other judicial or administrative proceeding with respect to any Affected Tax Return; or (D) elect to have the provisions of the Budget Act apply to any Tax Return of the Company for any Tax year that commences prior to 2018.