Coordination with Operating Agreement. To the extent this Agreement imposes obligations on the LLC or a member of the LLC, this Agreement shall be treated as part of the Operating Agreement as described in Section 761(c) of the Code and Sections 1.761-1(c) and 1.704-1(b)(2)(ii)(h) of the Treasury Regulations.
Appears in 4 contracts
Samples: Tax Receivable Agreement (Smith Douglas Homes Corp.), Tax Receivable Agreement (Smith Douglas Homes Corp.), Tax Receivable Agreement (Smith Douglas Homes Corp.)