Common use of Tax Characterization and Returns Clause in Contracts

Tax Characterization and Returns. Until such time as the Company shall have more than one member, it is the intention of the Member that the Company be disregarded for federal and all relevant state tax purposes and that the activities of the Company be deemed to be activities of the Member for such purposes. All provisions of the Company’s Certificate of Formation and this Agreement are to be construed so as to preserve that tax status. The Member is hereby authorized to file any necessary elections with any tax authorities and shall be required to file any necessary tax returns on behalf of the Company with any such tax authorities.

Appears in 11 contracts

Samples: Limited Liability Company Agreement (Rousselot Dubuque Inc.), Limited Liability Company Agreement (Rousselot Dubuque Inc.), Limited Liability Company Agreement (Magnum Hunter Resources Corp)

AutoNDA by SimpleDocs

Tax Characterization and Returns. Until such time as the Company shall have more than one member, it It is the intention of the Member that the Company be disregarded for federal and all relevant state tax purposes and that the activities of the Company be deemed to be activities of the Member for such purposes. All provisions of the Company’s 's Certificate of Formation and this Agreement are to be construed so as to preserve that tax status. The Member is hereby authorized to file any necessary elections with any tax authorities elections, and shall be required to file any necessary tax returns returns, on behalf of the Company with any such tax authorities.

Appears in 4 contracts

Samples: Titan Corp, Titan Corp, Titan Corp

Tax Characterization and Returns. Until such time as the Company shall have more than one member, it is the intention of the Member that the Company be disregarded for federal and all relevant state tax purposes and that the activities of the Company be deemed to be activities of the Member for such purposes. All provisions of the Company’s Certificate of Formation and this Agreement are to be construed so as to preserve that tax status. The Member is hereby authorized to file any necessary elections with any tax authorities and shall be required to file any necessary tax returns on behalf of the Company with any such tax authorities.

Appears in 4 contracts

Samples: Operating Agreement (Pioneer Drilling Services, Ltd.), Limited Liability Company Agreement (Pioneer Fishing & Rental Services, LLC), Limited Liability Company Agreement (Pioneer Fishing & Rental Services, LLC)

Tax Characterization and Returns. Until such time as the Company shall have more than one member, it It is the intention of the Member that the Company be disregarded for federal and all relevant state income tax purposes and that the activities of the Company be deemed to be activities of the Member for such purposes. All provisions of the Company’s Certificate Articles of Formation Organization and this Agreement are to be construed so as to preserve that tax status. The Member Board of Directors is hereby authorized to file any necessary elections with any tax authorities and shall be required to file any necessary tax returns on behalf of the Company with any such tax authorities.

Appears in 3 contracts

Samples: Operating Agreement (Professional Teleconcepts, Inc.), Operating Agreement (C2 Utility Contractors LLC), Operating Agreement (C2 Utility Contractors LLC)

Tax Characterization and Returns. Until such time as the Company shall have more than one member, it It is the intention of the Member that the Company be disregarded for federal and all relevant state income tax purposes and that the activities of the Company be deemed to be activities of the Member for such purposes. All provisions of the Company’s Certificate of Formation and this Agreement are to be construed so as to preserve that tax status. The Member Board of Directors is hereby authorized to file any necessary elections with any tax authorities and shall be required to file any necessary tax returns on behalf of the Company with any such tax authorities.

Appears in 2 contracts

Samples: Agreement (C2 Utility Contractors LLC), Professional Teleconcepts, Inc.

AutoNDA by SimpleDocs

Tax Characterization and Returns. Until such time as the Company shall have more than one member, it is the intention of the Member that the Company be disregarded for U.S. federal and all relevant state tax purposes and that the activities of the Company be deemed to be activities of the Member for such purposes. All provisions of the Company’s Certificate of Formation and this Agreement are to be construed so as to preserve that tax status. The Member is hereby authorized to file any necessary elections with any tax authorities and shall be required to file any necessary tax returns on behalf of the Company with any such tax authorities.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Gen-Probe GTI Diagnostics, Inc.)

Tax Characterization and Returns. Until such time as the Company shall have more than one member, it It is the intention of the Member that the Company be disregarded for federal and all relevant state tax purposes and that the activities of the Company be deemed to be activities of the Member for such purposes. All provisions of the Company’s Certificate of Formation and this Agreement are to be construed so as to preserve that tax status. The Member is hereby authorized to file any necessary elections with any tax authorities and shall be required to file any necessary tax returns on behalf of the Company with any such tax authorities.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.