Common use of Partnership Representative and Audit Clause in Contracts

Partnership Representative and Audit. (a)The Manager shall designate, from time to time, a person or entity to serve as the partnership representative of the Company for purposes of Subchapter C of Chapter 63 of the Code (“Partnership Representative”) and any comparable provisions of state or local law. The initial Partnership Representative shall be Bxx Xxxxxx.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (Rhove Real Estate 1, LLC), Operating Agreement (Rhove Real Estate 1, LLC)

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Partnership Representative and Audit. (a)The Manager shall designate, from time to time, a person or entity to serve as the partnership representative of the Company for purposes of Subchapter C of Chapter 63 of the Code (“Partnership Representative”) and any comparable provisions of state or local law. The initial Partnership Representative shall be Bxx XxxxxxBSH RE Hold LLC.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (Rhove Real Estate 1, LLC), Operating Agreement (Rhove Real Estate 1, LLC)

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