Intended Treatment. The Members intend that the Company shall be operated in a manner consistent with its treatment as a "partnership" for federal and state income tax purposes. No Member shall take any action inconsistent with the express intent of the parties hereto. It is expressly provided, however, that the Members do not intend that the Company be treated as a "partnership" for purposes of Section 303 of the Bankruptcy Code.
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Samples: Operating Agreement (Cenex Harvest States Cooperatives), Operating and Member Control Agreement (Land O Lakes Inc), Operating Agreement (Land O Lakes Inc)
Intended Treatment. The Members Member(s) intend that the Company shall be operated in a manner consistent with its treatment as a "partnership" for federal and state income tax purposes. No Member shall take any action inconsistent with the express intent of the parties hereto. It is expressly provided, however, that the Members Member(s) do not intend that the Company be treated as a "partnership" for purposes of Section 303 of the Bankruptcy Code.
Appears in 1 contract
Intended Treatment. The Members intend that the Company shall be operated in a manner consistent with its treatment as a "“partnership" ” for federal and state income tax purposes. No Member shall take any action inconsistent with the express intent of the parties hereto. It is expressly provided, however, that the Members do not intend that the Company be treated as a "“partnership" ” for purposes of Section 303 of the Bankruptcy Code.
Appears in 1 contract
