Common use of Consistent Reporting Clause in Contracts

Consistent Reporting. Each Member shall, on the Member’s tax returns, treat each partnership item (as defined in I.R.C. Section 6231(a)(3)) in a manner consistent with the treatment of the item on the Company’s return in all respects, including the amount, timing, and character of the item. No Member shall file a request for an administrative adjustment of partnership items under I.R.C. Section 6227(a) if such request would cause the Member’s treatment of the item to be inconsistent with the treatment of the item on the Company’s return.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Martin Midstream Partners Lp), Limited Liability Company Agreement (Martin Midstream Partners Lp)

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Consistent Reporting. Each Member shall, on the Member’s 's tax returns, treat each partnership item (as defined in I.R.C. Section 6231(a)(3)) in a manner consistent with the treatment of the item on the Company’s 's return in all respects, including the amount, timing, and character of the item. No Member shall file a request for an administrative adjustment of partnership items under I.R.C. Section 6227(a) if such request would cause the Member’s 's treatment of the item to be inconsistent with the treatment of the item on the Company’s 's return.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Martin Midstream Partners Lp)

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Consistent Reporting. Each Member shall, on the Member’s tax returns, treat each partnership item (as defined in I.R.C. Section 6231(a)(3)) in a manner consistent with the treatment of the item on the Company’s return in all respects, including the amount, timing, and character of the item. No Member shall file a request for an administrative adjustment of partnership items for any Company taxable year under I.R.C. Section 6227(a) 6227 if such request would cause the Member’s treatment of the item to be inconsistent with the treatment of the item on the Company’s return.

Appears in 1 contract

Samples: Operating Agreement

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