Common use of Partnership Status for Income Tax Purposes Clause in Contracts

Partnership Status for Income Tax Purposes. It is the intent of the Members that, as of the Effective Date, the Company shall be characterized as a “partnership” for federal and state income tax purposes. This characterization, solely for such tax purposes, does not create or imply a general partnership among the Members for state law or any other purpose.

Partnership Status for Income Tax Purposes. It is the intent of the Members that, as of the Effective Date, that the Company shall be characterized as a “partnership” for federal and federal, state and, if applicable, local income tax purposes, and the Members shall take all actions necessary to cause the Company to be treated as such. This characterization, Neither the Company nor any Member shall make any election or take any action inconsistent with such intent. Such characterization solely for such tax purposes, purposes does not create or imply a general partnership among the Members for state law or any other purpose.

Partnership Status for Income Tax Purposes. It is the intent of the Members that, as of the Effective Date, that the Company shall be characterized classified as a “partnership” for federal and federal, state and, if applicable, local income tax purposes. This characterization, Such characterization is solely for such tax purposes, purposes and does not create or imply a general partnership among the Members for state law or any other purpose.

Partnership Status for Income Tax Purposes. It is the intent of the Members that, as of the Effective Date, the The Company shall intends to be characterized classified as a “partnership” partnership for federal and federal, state and, if applicable, local income tax purposes. This characterization, solely for such tax purposes, does not create or imply a general partnership among the Members for state law or any other purpose.