Common use of General Elections and Limitations Clause in Contracts

General Elections and Limitations. The Manager shall be authorized, in its sole discretion, to make all elections required or permitted with respect to Federal or state taxes on Company tax returns; provided, however, no election shall be made by either the Company or the Members to be excluded from the application of the provisions of Subchapter K of Subtitle A of the Code or from any similar provisions of any state tax law.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Caliburn International Corp), Operating Agreement (GreenSky, Inc.), Operating Agreement (GreenSky, Inc.)

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