Common use of Employment of Advisors Clause in Contracts

Employment of Advisors. The TMP shall employ experienced tax advisors to represent the Partnership in connection with any audit or investigation of the Partnership by the Internal Revenue Service and in connection with all subsequent administrative and judicial proceedings arising out of such audit. The fees and expenses of such tax advisors shall be an expense of the Partnership. It shall be the responsibility of the General Partner and the Limited Partners, at their own expense, to employ tax advisors to represent their respective separate interests.

Appears in 123 contracts

Samples: Agreement of Limited Partnership (Carrabba's/Colorado-I, Limited Partnership), Agreement of Limited Partnership (Carrabba's/Colorado-I, Limited Partnership), Agreement of Limited Partnership (Carrabba's/Colorado-I, Limited Partnership)

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Employment of Advisors. The TMP shall employ experienced tax advisors to represent the Partnership Joint Venture in connection with any audit or investigation of the Partnership Joint Venture by the Internal Revenue Service and in connection with all subsequent administrative and judicial proceedings arising out of such audit. The fees and expenses of such tax advisors shall be an expense of the PartnershipJoint Venture. It shall be the responsibility of the General Partner and the Limited PartnersJoint Venturers, at their own expense, to employ tax advisors to represent their respective separate interests.

Appears in 3 contracts

Samples: Joint Venture Agreement, Joint Venture Agreement (Bloomin' Brands, Inc.), Joint Venture Agreement (Outback Steakhouse Inc)

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