Common use of Partnership Classification Clause in Contracts

Partnership Classification. The Partnership and the General Partner shall use their best efforts to assure that the Partnership will be treated for federal income tax purposes as a partnership and not as an association or publicly traded partnership taxable as a corporation. The Partnership shall not elect to be treated other than as a partnership for federal income tax purposes.

Partnership Classification. The Partners intend for the Partnership and to be classified as a partnership for Federal income tax purposes continuously from the date of its formation forward. Therefore, the General Partner shall use their best efforts to assure that will not take any actions which would impair the Partnership will be treated for federal income tax purposes Partnership's continued classification as a partnership and not as an association or publicly traded partnership taxable as a corporationpartnership. The Partnership shall not elect This includes, without limitation, the filing of any elections to be treated as anything other than as a partnership Partnership for federal income tax purposes.

Partnership Classification. The Partnership and the General Partner shall use their best all reasonable efforts to assure that the Partnership will be treated for federal income tax purposes as a partnership and not as an association or publicly traded partnership taxable as a corporation. The Partnership shall not elect to be treated other than as a partnership for federal income tax purposes.

Partnership Classification. The Partnership and the General Partner shall use their its best efforts to assure that cause the Partnership will to be treated for federal income tax purposes as a partnership and not as an association or publicly traded partnership taxable as a corporation. The Partnership shall not elect to be treated other than as a partnership for federal income tax purposes.