Common use of Partnership Tax Treatment Clause in Contracts

Partnership Tax Treatment. It is the intention of the Members that the Company be treated as a partnership for Federal, state and local income tax purposes, and the Interest Holders shall not take any position or make any election, in a tax return or otherwise, inconsistent with such treatment.

Appears in 12 contracts

Samples: Limited Liability Company Agreement (Triad of Oregon, LLC), Limited Liability Company Agreement (Triad of Oregon, LLC), Limited Liability Company Agreement (Hospital of Fulton, Inc.)

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Partnership Tax Treatment. It is the intention of the Members that the Company be treated as a partnership for Federal, state and local income tax purposes, and the Interest Holders Members shall not take any position or make any election, in a tax return or otherwise, inconsistent with such treatment.

Appears in 2 contracts

Samples: Employee Lease Agreement, Employee Lease Agreement (First Savings Financial Group Inc)

Partnership Tax Treatment. It is the intention of the Members that the Company be treated as a partnership for Federal, state and local income tax purposes, and the Interest Holders Members shall not take any position or make any election, in a tax return or otherwise, inconsistent with such treatment. The Members shall cause the Company to file the appropriate forms with the Internal Revenue Service to elect partnership status.

Appears in 2 contracts

Samples: Operating Agreement (Atria Communities Inc), Operating Agreement (Atria Communities Inc)

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Partnership Tax Treatment. It is the intention of the Members that the Company be treated as a partnership for Federal, state and local income tax purposes, and the Interest Holders Members shall not take any position or make any election, in a tax return or otherwise, inconsistent with such treatment.such

Appears in 1 contract

Samples: Operating Agreement (Atria Communities Inc)

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