Tax Elections and Information. (a) The Partnership is authorized and has elected to be treated as an association taxable as a corporation for U.S. federal income tax purposes. Except as otherwise provided herein, the Board of Directors shall determine whether the Partnership should make any other elections permitted by any applicable tax law. (b) The tax information reasonably required by Record Holders for U.S. federal income tax reporting purposes with respect to a calendar taxable year shall be furnished to them within 90 days of the close of each calendar year. (c) Each Partner shall provide the Partnership with all information reasonably requested by the Partnership to enable the Partnership to claim the exemption from U.S. federal income tax under Section 883 of the Code.
Appears in 8 contracts
Samples: Limited Partnership Agreement (KNOT Offshore Partners LP), Exchange Agreement (KNOT Offshore Partners LP), Limited Partnership Agreement (KNOT Offshore Partners LP)
Tax Elections and Information. (a) The Partnership is authorized and has elected to be treated as an association taxable as a corporation for U.S. United States federal income tax purposes. Except as otherwise provided herein, the Board of Directors shall determine whether the Partnership should make any other elections permitted by any applicable tax lawthe Code.
(b) The tax information reasonably required by Record Holders generally for U.S. United States federal income tax reporting purposes with respect to a calendar taxable year shall be furnished to them within 90 days of the close of each the calendar yearyear in which the Partnership’s taxable year ends.
(c) Each Partner shall provide the Partnership with all information reasonably requested by the Partnership to enable the Partnership to claim the exemption from U.S. federal income tax under Section 883 of the Code.
Appears in 7 contracts
Samples: Limited Partnership Agreement (Golar LNG Partners LP), Exchange Agreement (Golar LNG Partners LP), Limited Partnership Agreement (Golar LNG Partners LP)
Tax Elections and Information. (a) The Partnership is authorized and has elected to be treated as an association taxable as a corporation for U.S. United States federal income tax purposes. Except as otherwise provided herein, the Board of Directors shall determine whether the Partnership should make any other elections permitted by any applicable tax lawthe Code.
(b) The tax information reasonably required by Record Holders generally for U.S. United States federal and state income tax reporting purposes with respect to a calendar taxable year shall be furnished to them within 90 days of the close of each the calendar yearyear in which the Partnership’s taxable year ends.
(c) Each Partner shall provide the Partnership with all information reasonably requested by the Partnership to enable the Partnership to claim the exemption from U.S. federal income tax under Section 883 of the Code.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Navios Maritime Partners L.P.), Limited Partnership Agreement, Limited Partnership Agreement (Navios Maritime Partners L.P.)
Tax Elections and Information. (a) The Partnership is authorized and has elected shall elect to be treated as an association taxable as a corporation for U.S. federal income tax purposespurposes effective on or before the Closing Date. Except as otherwise provided herein, the Board of Directors shall determine whether the Partnership should make any other elections permitted by any applicable tax law.
(b) The tax information reasonably required by Record Holders for U.S. federal income tax reporting purposes with respect to a calendar taxable year shall be furnished to them within 90 days of the close of each calendar year.
(c) Each Partner shall provide the Partnership with all information reasonably requested by the Partnership to enable the Partnership to claim the exemption from U.S. federal income tax under Section 883 of the Code.
Appears in 3 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (Hoegh LNG Partners LP), Limited Partnership Agreement (Hoegh LNG Partners LP)
Tax Elections and Information. (a) The Partnership is authorized and has elected to be treated as an association taxable as a corporation for U.S. United States federal income tax purposes. Except as otherwise provided herein, the Board of Directors shall determine whether the Partnership should make any other elections permitted by any applicable tax lawthe Code.
(b) The tax information reasonably required by Record Holders generally for U.S. United States federal income tax reporting purposes with respect to a calendar taxable year shall be furnished to them within 90 days of the close of each the calendar yearyear in which the Partnership's taxable year ends.
(c) Each Partner shall provide the Partnership with all information reasonably requested by the Partnership to enable the Partnership to claim the exemption from U.S. federal income tax under Section 883 of the Code.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Dynagas LNG Partners LP), Limited Partnership Agreement (FAREASTERN SHIPPING LTD), Limited Partnership Agreement (Dynagas LNG Partners LP)
Tax Elections and Information. (a) The Partnership is authorized and has elected will elect to be treated as an association taxable as a corporation for U.S. United States federal income tax purposes. Except as otherwise provided herein, the Board of Directors shall determine whether the Partnership should make any other elections permitted by any applicable tax lawthe Code.
(b) The tax information reasonably required by Record Holders generally for U.S. United States federal and state income tax reporting purposes with respect to a calendar taxable year shall be furnished to them within 90 days of the close of each the calendar yearyear in which the Partnership’s taxable year ends.
(c) Each Partner shall provide the Partnership with all information reasonably requested by the Partnership to enable the Partnership to claim the exemption from U.S. federal income tax under Section 883 of the Code.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Navios Maritime Midstream Partners LP), Limited Partnership Agreement (Navios Maritime Midstream Partners LP), Limited Partnership Agreement (Navios Maritime Midstream Partners LP)
Tax Elections and Information. (a) The Partnership is authorized and has elected will elect to be treated as an association taxable as a corporation for U.S. federal income tax purposes. Except as otherwise provided herein, the Board of Directors shall determine whether the Partnership should make any other elections permitted by any applicable tax lawthe Code.
(b) The tax information reasonably required by Record Holders generally for U.S. federal and state income tax reporting purposes with respect to a calendar taxable year shall be furnished to them within 90 days of the close of each the calendar yearyear in which the Partnership’s taxable year ends.
(c) Each Partner shall provide the Partnership with all information reasonably requested by the Partnership to enable the Partnership to claim the exemption from U.S. federal income tax under Section 883 of the Code.
Appears in 1 contract
Samples: Limited Partnership Agreement (Navios Maritime Containers Inc.)
Tax Elections and Information. (a) The Partnership is authorized and has elected will elect to be treated as an association taxable as a corporation for U.S. federal income tax purposespurposes on or before the Closing Date. Except as otherwise provided herein, the Board of Directors shall determine whether the Partnership should make any other elections permitted by any applicable tax lawthe Code.
(b) The tax information reasonably required by Record Holders generally for U.S. federal and state income tax reporting purposes with respect to a calendar taxable year shall be furnished to them within 90 days of the close of each the calendar yearyear in which the Partnership’s taxable year ends.
(c) Each Partner shall provide the Partnership with all information reasonably requested by the Partnership to enable the Partnership to claim the exemption from U.S. federal income tax under Section 883 of the Code.
Appears in 1 contract
Samples: Limited Partnership Agreement (Navios Maritime Containers L.P.)