Common use of No Partnership Intended for Nontax Purposes Clause in Contracts

No Partnership Intended for Nontax Purposes. The Members have formed the Company under the Act, and expressly do not intend thereby to form a partnership under either the Delaware Uniform Partnership Act or the Delaware Revised Uniform Limited Partnership Act. The Members do not intend to be partners one to another, or partners as to any third party. To the extent any Member, by word or action, represents to another person that any other Member is a partner or that the Company is a partnership, the Member making such wrongful representation shall be liable to any other Member who incurs personal liability by reason of such wrongful representation.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Radnor Holdings Corp), Limited Liability Company Agreement (Radnor Holdings Corp), Limited Liability Company Agreement (Radnor Holdings Corp)

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No Partnership Intended for Nontax Purposes. The Members have formed the Company under the Act, and expressly do not intend thereby hereby to form a partnership under either the Delaware Uniform Partnership Act or nor the Delaware Revised Uniform Limited Partnership Act. The Members do not intend to be partners one to another, or partners as to any third party. To the extent any Member, by word or action, represents to another person Person that any other Member is a partner or that the Company is a partnership, the Member making such wrongful representation shall be liable to any other Member who incurs personal liability by reason of such wrongful representation.

Appears in 3 contracts

Samples: Operating Agreement (NHP Inc), Operating Agreement (NHP Inc), Operating Agreement (NHP Inc)

No Partnership Intended for Nontax Purposes. The Members have formed the Company under the Act, and expressly do not intend thereby hereby to form a partnership under either the Delaware Uniform Partnership Act or nor the Delaware Revised Uniform Limited Partnership Act. The Members do not intend to be partners one to another, or partners as to any third party. To the extent any Member, by word or action, represents to another person that any other Member is a partner or that the Company is a partnership, the Member making such wrongful representation shall be liable to any other Member Members who incurs incur personal liability by reason of such wrongful representation.

Appears in 3 contracts

Samples: Operating Agreement (Residential Funding Mortgage Securities Ii Inc), Operating Agreement (Residential Funding Mortgage Securities Ii Inc), Operating Agreement (Residential Funding Mortgage Securities Ii Inc)

No Partnership Intended for Nontax Purposes. The Members have formed the Company under the Delaware Act, and expressly do not intend thereby hereby to form a partnership under either the Delaware Uniform Partnership Act or nor the Delaware Revised Uniform Limited Partnership Act. The Members do not intend to be partners one to another, or partners as to any third partyparty for any purpose other than federal, state, local or foreign tax purposes. To the extent any Member, by word or action, represents to another person Person that any other Member is a partner or that the Company is a partnership, the Member making such wrongful representation shall be liable to any other Member who incurs personal liability by reason of such wrongful representation.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Shipyard River Coal Terminal Co), Limited Liability Company Operating Agreement (Shipyard River Coal Terminal Co)

No Partnership Intended for Nontax Purposes. The Members have formed the Company under the Act, Act and expressly do not intend thereby hereby to form a partnership under either the Delaware Uniform Partnership Act or the Delaware Revised Uniform Limited Partnership Act. The Members do not intend to be partners one to another, or partners as to any third party. To the extent any Member, by word or action, represents to another person Person that any other Member is a partner or that the Company is a partnership, the Member making such wrongful representation shall be liable to any other Member who incurs personal liability by reason of such wrongful representation.

Appears in 2 contracts

Samples: Company Agreement (Valhi Inc /De/), Company Agreement (Valhi Inc /De/)

No Partnership Intended for Nontax Purposes. The Members have formed the Company under the Act, and expressly do not intend thereby hereby to form a partnership under either the laws of the State of Delaware Uniform Partnership Act or any other jurisdiction. By executing this Agreement, the Delaware Revised Uniform Limited Partnership Act. The Members do not intend to be partners as to one to another, or partners as to any third party, for any purpose other than federal, state, local or foreign tax purposes. To the extent any Member, by word or action, represents to another person that any other Member is a partner or that the Company is a partnership, the Member making such wrongful representation shall be liable to any other Member who incurs personal liability by reason of such wrongful representation.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Boardwalk Pipeline Partners, LP), Limited Liability Company Agreement (Boardwalk Pipeline Partners, LP)

No Partnership Intended for Nontax Purposes. The Members have formed the Company under the Act, Act and expressly do not intend thereby hereby to form a partnership under either the Delaware Uniform Partnership Act or the Delaware Revised Uniform Limited Partnership Act. The Members do not intend to be partners one to another, or partners as to any third party. To the extent any Member, by word or action, represents to another person Person that any other Member is a partner or that the Company is a partnership, the Member making such wrongful representation shall be liable to any other Member who incurs personal liability by reason of such wrongful representation.. 15.3

Appears in 1 contract

Samples: Company Agreement

No Partnership Intended for Nontax Purposes. The Members have formed the Company under the Delaware Act, and expressly do not intend thereby hereby to form a partnership under either the Delaware Uniform Partnership Act or the Delaware Revised Uniform Limited Partnership Act. The Members do not intend to be partners one to another, or partners as to any third party. To the extent any Member, by word or action, represents to another person that any other Member is a partner or that the Company is a partnership, the Member making such wrongful representation shall shall, notwithstanding any exculpatory provision herein to the contrary, be liable to any other Member who incurs personal liability by reason of such wrongful representation.

Appears in 1 contract

Samples: Operating Agreement (Immunomedics Inc)

No Partnership Intended for Nontax Purposes. The Members have formed the Company under the Act, and expressly do not intend thereby hereby to form a partnership under either the Delaware Uniform Partnership Act or the Delaware Revised Uniform Limited Partnership Actlaw. The Members do not intend to be partners as to one to another, or partners as to any third party. To the extent any Member, by word or action, represents to another person that any other Member is a partner or that the Company is a partnership, the Member making such wrongful representation shall be liable to any other Member who incurs personal liability by reason of such wrongful representation.

Appears in 1 contract

Samples: Operating Agreement (Level 3 Communications Inc)

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No Partnership Intended for Nontax Purposes. The Members have formed the Company under the Act, and expressly do not intend thereby hereby to form a partnership under either the Delaware Uniform Partnership Act or nor the Delaware Revised Uniform Limited Partnership Act. The Members do not intend to be partners one to another, or partners as to any third party. To the extent any Member, by word or action, represents to another person that any other Member is a partner or that the Company is a partnership, the Member making such wrongful representation shall be liable to any other Member who incurs personal liability by reason of such wrongful representation.

Appears in 1 contract

Samples: Operating Agreement (Pegasus Communications Corp)

No Partnership Intended for Nontax Purposes. The Members have formed the Company under the Act, and expressly do not intend thereby to form a partnership under either the Delaware Uniform Partnership Act or the Delaware Revised Uniform Limited Partnership Act or a corporation under the Delaware Business Corporation Act. The Members MemberS do not intend to be partners to one to another, or partners as to any third party. To the extent any Member, by word or action, represents to another person Person that any other Member is a partner or that the Company is a partnership, the Member making such wrongful representation shall be liable to any other Member who incurs personal liability by reason of such wrongful representation.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Sierra on Line Inc)

No Partnership Intended for Nontax Purposes. The Members have formed the Company under the Act, and expressly do not intend thereby hereby to form a partnership under either the Delaware Uniform Partnership Act Law or the Delaware Revised Uniform Limited Partnership Act. The Members do not intend to be partners one to another, or partners as to any third party. To the extent any Member, by word or action, represents to another person that any other Member is a partner or that the Company is a partnership, the Member making such wrongful representation shall be liable to any other Member who incurs personal liability by reason of such wrongful representation.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Nurx Pharmaceuticals, Inc.)

No Partnership Intended for Nontax Purposes. The Members have formed the Company under the Act, Act and expressly do not intend thereby hereby to form a partnership under either the Delaware Uniform Partnership Act or the Delaware Revised Uniform Limited Partnership Act. The Members do not intend to be partners one to another, or partners as to any third party. To the extent any Member, by word or action, represents to another person that any other Member is a partner or that the Company is a partnership, the Member making such wrongful representation shall be liable to any other Member who incurs personal liability by reason of such wrongful representation.

Appears in 1 contract

Samples: Company Agreement (Valhi Inc /De/)

No Partnership Intended for Nontax Purposes. The Members have formed the Company under the Act, and expressly do not intend thereby hereby to form a partnership under either the Laws of the State of Delaware Uniform Partnership Act or any other jurisdiction. By executing this Agreement, the Delaware Revised Uniform Limited Partnership Act. The Members do not intend to be partners as to one to another, or partners as to any third partyThird Party, for any purpose other than federal, state, local or foreign tax purposes. To the extent any Member, by word or action, represents to another person that any other Member is a partner or that the Company is a partnership, the Member making such wrongful representation shall be liable to any other Member who incurs personal liability by reason of such wrongful representation.

Appears in 1 contract

Samples: Limited Liability Company Agreement (TransMontaigne Partners L.P.)

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