Common use of Tax Audit Clause in Contracts

Tax Audit. In the event this Partnership is audited by the Internal Revenue Service, the costs and expenses incurred to defend and comply with the audit shall be an expense of the Partnership. Any audit of any individual Partner shall not be deemed to be an audit of this Partnership.

Appears in 2 contracts

Samples: Agreement, Troutt Kenny A

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Tax Audit. In the event If this Partnership is audited by the Internal Revenue --------- Service, the costs and expenses incurred to defend and comply with the audit shall will be an expense of the Partnership's expense. Any audit of any individual Partner shall will not be deemed to be an audit of this the Partnership's audit.

Appears in 1 contract

Samples: Agreement (Kansas City Southern Industries Inc)

Tax Audit. 157 In the event this Partnership is audited by the Internal Revenue Service, the costs and expenses incurred to defend and comply with the audit shall be an expense of the Partnership. Any audit of any individual Partner shall not be deemed to be an audit of this Partnership.

Appears in 1 contract

Samples: cdn.cocodoc.com

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Tax Audit. In the event this that the Partnership is audited by the Internal Revenue Service, the costs and expenses incurred to defend and comply with the audit shall be an expense of the Partnership. Any audit of any individual Partner shall not be deemed to be an audit of this the Partnership.

Appears in 1 contract

Samples: Limited Partnership Agreement (Abrams David L)

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