Common use of Entity Level Reflection of Activities Clause in Contracts

Entity Level Reflection of Activities. For federal and state tax purposes, but for no other purpose, all transactions effected by the Parties with respect to the Designated Property pursuant to the Agreement shall be deemed to have been effected through the Tax Partnership, rather than by the Parties individually, as set out in this Article II.

Entity Level Reflection of Activities. For federal and state tax purposes, but for no other purpose, all transactions effected by the Parties with respect to the Designated Property pursuant to the Agreement shall be deemed to have been effected through the Tax Partnership, rather than by the Parties individually, as set out in this Article II.. Participation Agreement - East Texas Bossier - Sunny#.DOC