Listed Transactions; Reportable Transactions Sample Clauses

Listed Transactions; Reportable Transactions. The Company will use reasonable best efforts to prevent the Company from engaging, directly or indirectly, in a transaction that is a “listed transaction” as defined in Treas. Regs. § 1.6011-4(b)(2) or successor provision (a “Listed Transaction”). If the Company reasonably determines that it has or has likely engaged in a Listed Transaction, it will promptly notify each Member of such determination. The Company acknowledges that it will comply in a timely manner with all obligations imposed on it by the Code and Treasury Regulations in respect to “reportable transactions” as defined in Treasury Regulation § 1.6011-4 or successor provision (“Reportable Transactions”), and will promptly furnish to each Member all information relating to Reportable Transactions which the Member would need in order to comply with requirements under the Code and applicable regulations.