Common use of Certain Tax and Accounting Matters Clause in Contracts

Certain Tax and Accounting Matters. The Partnership shall file an Internal Revenue Service Form 8832 (Entity Classification Election) and elect to be classified as a corporation for federal tax purposes under Treasury Regulation Section 301.7701-3 (the “Corporation Election”). For those jurisdictions that do not give effect to the Corporation Election, the Partnership shall establish and maintain Partner capital accounts, allocate Profits and Losses, and address tax and accounting matters in accordance with the provisions of Exhibit A. hereunto annexed and made a part hereof, which provisions are incorporated herein and shall constitute part of this Agreement.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Exterran Energy Solutions, L.P.), Limited Partnership Agreement (Exterran Energy Solutions, L.P.)

AutoNDA by SimpleDocs

Certain Tax and Accounting Matters. The Partnership shall file ---------------------------------- an Internal Revenue Service Form 8832 (Entity Classification Election) and elect to be classified as a corporation for federal tax purposes under Treasury Regulation Section 301.7701-3 (the "Corporation Election"). For those jurisdictions that do not give effect to the Corporation Election, the Partnership shall establish and maintain Partner capital accounts, allocate Profits and Losses, and address tax and accounting matters in accordance with the provisions of Exhibit A. A, hereunto annexed and made a part hereof, which --------- provisions are incorporated herein and shall constitute part of this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Hanover Compressor Co /)

Certain Tax and Accounting Matters. The Partnership shall ---------------------------------- file an Internal Revenue Service Form 8832 (Entity Classification Election) and elect to be classified as a corporation for federal tax purposes under Treasury Regulation Section 301.7701-3 (the "Corporation Election"). For those jurisdictions that do not give effect to the Corporation Election, the Partnership shall establish and maintain Partner capital accounts, allocate Profits and Losses, and address tax and accounting matters in accordance with the provisions of Exhibit A. A, hereunto annexed and made a part hereof, which --------- provisions are incorporated herein and shall constitute part of this Agreement.

Appears in 1 contract

Samples: Limited Partnership Agreement (Hanover Compressor Co /)

AutoNDA by SimpleDocs

Certain Tax and Accounting Matters. The Partnership shall file an Internal Revenue Service Form 8832 (Entity Classification Election) and elect to be classified as a corporation for federal tax purposes under Treasury Regulation Section 301.7701-3 (the “Corporation Election”). For those jurisdictions that do not give effect to the Corporation Election, the Partnership shall establish and maintain Partner capital accounts, allocate Profits and Losses, and address tax and accounting matters in accordance with the provisions of Exhibit A. A, hereunto annexed and made a part hereof, which provisions are incorporated herein and shall constitute part of this Agreement.

Appears in 1 contract

Samples: EES Leasing, LLC

Time is Money Join Law Insider Premium to draft better contracts faster.