Common use of CLASSIFICATION OF PARTNERSHIP Clause in Contracts

CLASSIFICATION OF PARTNERSHIP. The General Partner is authorized and hereby directed to cause the Partnership to be classified for federal income tax purposes as an association taxable as a corporation within the meaning of I.R.C. Section 7701(a)(3).

Appears in 6 contracts

Samples: Limited Partnership Agreement (Valor Telecommunications Southwest LLC), Limited Partnership Agreement (Valor Telecommunications Southwest LLC), Limited Partnership Agreement (Harper Telephone L.P.)

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CLASSIFICATION OF PARTNERSHIP. The General Partner is authorized and hereby directed to cause the Partnership to be classified for federal income tax purposes as an association taxable as a corporation within the meaning of DISREGARDED ENTITY NOT SUBJECT TO TAXABLE AS A SEPARATE TAXABLE ENTITY WITHIN THE MEANING OF I.R.C. Section SECTION 7701(a)(3).

Appears in 2 contracts

Samples: Limited Partnership Agreement (Valor Telecommunications Southwest LLC), Limited Partnership Agreement (Valor Telecommunications Southwest LLC)

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CLASSIFICATION OF PARTNERSHIP. The General Partner is authorized and hereby directed to cause the Partnership to be classified for federal income tax purposes as an association a disregarded entity not subject to taxable as a corporation separate taxable entity within the meaning of I.R.C. Section § 7701(a)(3).

Appears in 2 contracts

Samples: www.sec.gov, Limited Partnership Agreement (Windstream Lexcom Wireless, LLC)

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