Common use of Subchapter S Election Clause in Contracts

Subchapter S Election. The Company may, upon unanimous consent of the Members, elect to be treated for income tax purposes as an S Corporation. This designation may be changed as permitted under the Internal Revenue Code Section 1362(d) and applicable Regulations.

Subchapter S Election. The Company may, upon unanimous consent of the Members, elect to be treated for income tax purposes as an S Corporation. This designation may be changed as permitted under the Internal Revenue Code Section 1362(d) and applicable Regulations.

Subchapter S Election. The Company may, upon unanimous majority consent of the Members, elect to be treated for income tax purposes as an S Corporationcorporation. This designation may be changed as permitted under the Internal Revenue Code Section 1362(d) and applicable Regulations.

Subchapter S Election. The Company may, upon unanimous consent of the Members, elect to be treated for income tax purposes as an S Corporation. This designation may be changed as permitted under the Internal Revenue Code Section 1362(d) and applicable Regulations.

Subchapter S Election. The Company may, upon unanimous consent by Members holding at least 75% of the Membersall Membership Interests, elect to be treated for income tax purposes as an S Corporation. This designation may be changed as permitted under the Internal Revenue Code Section 1362(d) and applicable Regulations.