Common use of Federal Income Tax Elections Clause in Contracts

Federal Income Tax Elections. (a) Except as otherwise provided in this Section 8.04, all elections required or permitted to be made by the Partnership under the Code shall be made by the Managing General Partner in its sole discretion. Each Partner agrees to provide the Partnership with all information necessary to give effect to any election to be made by the Partnership.

Appears in 15 contracts

Samples: Limited Partnership Agreement (PDC 2002 B LTD Partnership), Limited Partnership Agreement (PDC 2002 C LTD Partnership), Limited Partnership Agreement (PDC 2003-a Lp)

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Federal Income Tax Elections. (a) Except as otherwise provided in this Section 8.048.4, all elections required or permitted to be made by the Partnership under the Code shall be made by the Managing General Partner in its sole discretion. Each Partner agrees to provide the Partnership with all information necessary to give effect to any election to be made by the Partnership.

Appears in 13 contracts

Samples: Limited Partnership Agreement (Bayou City Exploration, Inc.), Limited Partnership Agreement (Bayou City Exploration, Inc.), Limited Partnership Agreement (Bayou City Exploration, Inc.)

Federal Income Tax Elections. (a) Except as otherwise provided in this Subject to Section 8.049.7, all elections required or permitted to be made by the Partnership under the Code shall be made by the Managing General Partner in such manner as will be, in the opinion of the General Partner in its sole and absolute discretion. Each Partner agrees , most advantageous to provide a majority in Interest of the Partnership with all information necessary to give effect to any election to be made by the PartnershipInvestor Limited Partners.

Appears in 1 contract

Samples: Amerus Life Holdings Inc

Federal Income Tax Elections. (a) Except as otherwise provided in this Section 8.04, all elections required or permitted to be made by the Partnership under the Code shall be made by the Managing General Partner in its sole discretion. Each Partner agrees to provide the Partnership with all information necessary to give effect to any election to be made by the Partnership.. A-39

Appears in 1 contract

Samples: Limited Partnership Agreement (PDC 2003-C Lp)

Federal Income Tax Elections. (a) Except as otherwise provided in this Section 8.04, all All elections required or permitted to be made by the Partnership under the Internal Revenue Code shall be made by the Managing General Partner in its sole discretion. Each Partner agrees such manner as will, in their opinion, be most advantageous to provide a majority in interest of the Partnership with all information necessary to give effect to any election to be made by the PartnershipLimited Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Asset Alliance Corp)

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Federal Income Tax Elections. (a) Except as otherwise provided in this Section 8.048.4, all elections required or permitted to be made by the Partnership under the Code shall be made by the Tax Matters Partner if, in its sole and absolute discretion based on the advice of counsel or a certified public accountant, the Managing General Partner in its sole discretiondetermines that it is necessary or advisable to make such elections. Each Partner and Unit Holder agrees to provide the Partnership with all information necessary to give effect to any election to be made by the Partnership.

Appears in 1 contract

Samples: Reef Oil & Gas Drilling & Income Fund, L.P.

Federal Income Tax Elections. (a) Except as otherwise provided in this Section 8.04, all elections required or permitted to be made by the Partnership under the Code shall be made by the Managing General Partner in its sole discretion. Each Partner agrees to provide the Partnership with all all! information necessary to give effect to any election to be made by the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (PDC 2004-D Limited Partnership)

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