Common use of Elections by Members Clause in Contracts

Elections by Members. If any Member makes any tax election that requires the Company to furnish information to such Member to enable such Member to compute its own tax liability, or requires the Company to file any tax return or report with any tax authority, in either case that would not be required in the absence of such election made by such Member, the Managing Member may, as a condition to furnishing such information or filing such return or report, require such Member to pay to the Company any incremental expenses incurred in connection therewith.

Elections by Members. If any Member makes any tax Tax election that requires the Company to furnish information to such Member to enable such Member to compute its own tax Tax liability, or requires the Company to file any tax Tax return or report with any tax Taxing authority, in either case that would not be ​ required in the absence of such election made by such Member, the Managing Member Company may, as a condition to furnishing such information or filing of such return or report, require such Member to pay to the Company any incremental expenses incurred in connection therewith.