Common use of Election to be Taxed as Association Clause in Contracts

Election to be Taxed as Association. The Company shall be treated as a partnership for federal and state income tax purposes. No Member shall cause the Company to elect to be treated as a corporation for federal or state income tax purposes, unless such election is approved in writing by all of the Members.

Election to be Taxed as Association. The Company shall will be treated as a partnership for federal and state income tax purposes. No Member shall or Manager will cause the Company to elect to be treated other than as a corporation partnership for federal or state income tax purposespurposes in accordance with Regulations Section 301.7701-3(c), unless such election is approved in writing by all of Members. If at any time the MembersCompany has just one Member, it will be disregarded as a separate entity for federal, state and local tax purposes.

Election to be Taxed as Association. The Company shall be treated as a partnership for federal and state income tax purposes. No Member shall cause the Company to elect to be treated as an association taxable as a corporation for federal or state income tax purposespurposes in accordance with Regulations Section 301.7701-3(c), (or shall cause the Subsidiary to be treated as other than a disregarded entity) unless such election is approved in writing by all of the Members.

Election to be Taxed as Association. The Company shall be treated as a partnership for federal and state income tax purposes. No Member shall cause the Company to elect to be treated as a corporation for federal or state income tax purposes, unless such election is approved purposes in writing by all of the Membersaccordance with Regulations Section 301.7701-3(c).