Subchapter K Election Clause Samples
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Subchapter K Election. The Owner intends to be excluded from Subchapter K of the Code and shall have the right to direct the Business Trustee to specifically elect out of Subchapter K of the Code.
Subchapter K Election. No election shall be made by the Partnership or by any Partner to be excluded from the application of the provisions of Subchapter K of Chapter 1 of Title 1A of the Code or any similar provisions of applicable state tax laws.
Subchapter K Election. The Partnership shall not elect to be excluded from the application of Subchapter K of the Code.
Subchapter K Election. Seller and IPC properly and timely elected --------------------- pursuant to Treas Reg Section 1.761-2(b)(2)(ii) to be excluded from all of Subchapter K of the Internal Revenue Code for federal income tax purposes with respect to the North Valmy Station. Seller, and to Seller's Knowledge IPC, have not taken a position inconsistent with the exclusion election or applied to revoke the
Subchapter K Election. 8 Section 2.7. Authority to Execute and Perform Various Documents...........
Subchapter K Election. Seller has elected pursuant to Treas Reg --------------------- Section 1.761-2(b)(2)(ii) to be excluded from all of Subchapter K of the Internal Revenue Code for federal income tax purposes with respect to the ▇▇▇▇ ▇▇▇▇▇▇▇ Unit 4. Seller, and to Seller's Knowledge California Department of Water Resources, have not taken a position inconsistent with the exclusion election or applied to revoke the election. To Seller's Knowledge, no taxing authority has at any time asserted that the ▇▇▇▇ ▇▇▇▇▇▇▇ Unit 4 or the joint ownership of ▇▇▇▇ ▇▇▇▇▇▇▇ Unit 4 by Seller and California Department of Water Resources was taxable as a partnership or other entity, and Seller has no Knowledge of any intent of any taxing authority to do so.
Subchapter K Election. That no election shall be made by such Partner for the Partnership to be excluded from the application of the provisions of Subchapter K of the Code.
Subchapter K Election. 8 Section 2.7. Authority to Execute and Perform Various Documents.........................................................8 Section 2.8. Title to the Trust Estate....................................8 ARTICLE 3 RECEIPT, DISTRIBUTION AND APPLICATION OF INCOME FROM THE TRUST ESTATE