Common use of Inconsistent Treatment of Tax Item Clause in Contracts

Inconsistent Treatment of Tax Item. If an administrative proceeding contemplated under Section 6223 of the Code has begun, and the TMP so requests, each Member shall notify the TMP of its treatment of any partnership item on its federal income tax return that is inconsistent with the treatment of that item on the partnership return.

Appears in 12 contracts

Samples: Limited Liability Company Agreement, Asset Purchase Agreement (Kinross Gold Corp), Members’ Agreement (Thunder Mountain Gold Inc)

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Inconsistent Treatment of Tax Item. If an administrative proceeding contemplated under Section section 6223 of the Code has begun, and the TMP so requests, each Member shall notify the TMP of its treatment of any partnership item on its federal income tax return that is inconsistent with the treatment of that item on the partnership return.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Yellowcake Mining Inc.), Limited Liability Company Operating Agreement (Strathmore Minerals Corp.)

Inconsistent Treatment of Tax Item. If an administrative proceeding contemplated under Section 6223 of the Code has begun, and the TMP so requests, each Member shall notify the TMP of its treatment of any partnership item on its pertinent federal income tax return that is inconsistent with the treatment of that item on the partnership returnreturn filed on behalf of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (Uranium Energy Corp)

Inconsistent Treatment of Tax Item. If an administrative proceeding contemplated under Section section 6223 of the Code has begunbegins, and upon the TMP so requestsrequest of the TMP, each Member promptly shall notify the TMP of its the treatment by such Member of any partnership item on its such Member's federal income tax return that is inconsistent with the treatment of that such item on the partnership returnreturn of the Company.

Appears in 1 contract

Samples: Operating Agreement (Solitario Exploration & Royalty Corp.)

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Inconsistent Treatment of Tax Item. If an administrative proceeding contemplated under Section section 6223 of the Code has begunbegins, and upon the TMP so requestsrequest of the TMP, each Member promptly shall notify the TMP of its the treatment by such Member of any partnership item on its such Member’s federal income tax return that is inconsistent with the treatment of that such item on the partnership returnreturn of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Contango ORE, Inc.)

Inconsistent Treatment of Tax Item. If an administrative proceeding contemplated under Section 6223 of the Code has begunbegins, and upon the TMP so requestsrequest of the TMP, each Member promptly shall notify the TMP of its the treatment by such Member of any partnership item on its such Member’s federal income tax return that is inconsistent with the treatment of that such item on the partnership returnreturn of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement

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