Common use of Income Tax Elections Clause in Contracts

Income Tax Elections. The General Partner shall have the right to make any applicable elections under the Code which, in its best judgment, are in the best interest of the Partnership, other than an election to treat the Partnership as other than a partnership for federal income tax purposes.

Appears in 4 contracts

Samples: Limited Partnership Agreement (KCI Animal Health, LLC), Limited Partnership Agreement (KCI Animal Health, LLC), Limited Partnership Agreement (Kinetic Concepts Inc /Tx/)

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Income Tax Elections. The General Partner shall have the right to make any applicable elections under the Code which, in its best judgment, are in the best interest of the Partnership, other than an election to treat the Partnership as other than a partnership for federal income tax purposes.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Eye Care Centers of America Inc), Limited Partnership Agreement (Eye Care Centers of America Inc), Limited Partnership Agreement (Eye Care Centers of America Inc)

Income Tax Elections. The General Partner shall have the right to make any applicable elections under the Code which, in its best judgment, are in the best interest interests of the Partnership, other than an election to treat the Partnership as other than a partnership for federal income tax purposes.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Lyondell Refining LP, LLC), Limited Partnership Agreement (Lyondell Refining LP, LLC), Limited Partnership Agreement (Lyondell Refining LP, LLC)

Income Tax Elections. The General Partner shall have the right to make any applicable elections under the Code which, in its best judgment, are in the best interest interests of the Partnership, other than an election to treat the Partnership as other than a partnership for federal income tax purposes.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Sealy Texas Holdings LLC), Limited Partnership Agreement (Diagnostic Pathology Management Services Inc)

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Income Tax Elections. The General Partner shall have the right to make any applicable elections under the Code whichthat, in its best judgment, are in the best interest interests of the Partnership, other than an election to treat the Partnership as other than a partnership for federal income tax purposes.

Appears in 1 contract

Samples: Limited Partnership Agreement (Golfsmith International Holdings Inc)

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