Obligations and Discretion as to Tax Matters. The Company Representative shall inform all of the Members upon receipt of any notice regarding any examination by any federal, state, or local authority about the Company’s tax compliance. The Company Representative’s rights and obligations create a fiduciary duty on the part of the Company Representative to act in the best interest of the Company and other Members.
Appears in 3 contracts
Samples: Operating Agreement (Slingshot USA LLC), Operating Agreement (Slingshot USA LLC), Operating Agreement (Slingshot USA LLC)
Obligations and Discretion as to Tax Matters. The Company Representative shall inform notify all of the Members upon receipt of any notice regarding any examination by any federal, state, or local authority about the Company’s tax compliance. The Company Representative’s rights and obligations create a fiduciary duty on the part of the Company Representative to act in the best interest of the Company and other Members. The Company Representative must obtain the approval of the unanimous vote of the Members before taking any binding action in connection with any Internal Revenue Service proceeding.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Obligations and Discretion as to Tax Matters. The Company Representative shall inform all of the Members upon receipt of any notice regarding any examination by any federal, state, or local authority about the Company’s 's tax compliance. The Company Representative’s 's rights and obligations create a fiduciary duty on the part of the Company Representative to act in the best interest of the Company and other Members. 5.6.
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