Designation of Partnership Representative. The Company (or its designee) shall be the “partnership representative” (the “Partnership Representative”) in connection with any audit of such Affected Tax Return and shall serve as Partnership Representative pursuant to the terms of this Agreement and the Partnership Adjustment Procedures that apply to audits conducted pursuant to the Budget Act including notifying the IRS of its designation as such, as may be necessary or appropriate under the Budget Act.
Appears in 12 contracts
Samples: Operating Agreement, Operating Agreement (Lincolnway Energy, LLC), Operating Agreement (Lincolnway Energy, LLC)
Designation of Partnership Representative. The Company (or its designee) Investor Member shall be the “partnership representative” (the “Partnership Representative”) pursuant to the Code in connection with any audit of such Affected Tax Return Return. The Company may engage accountants and shall serve as legal counsel to assist the Partnership Representative pursuant to the terms of this Agreement and the Partnership Adjustment Procedures that apply to audits conducted pursuant to the Budget Act including notifying the IRS of in discharging its designation as such, as may be necessary or appropriate under the Budget Actduties hereunder.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Mma Capital Management, LLC)
