Common use of Tax Elections and Information Clause in Contracts

Tax Elections and Information. (a) The Company is authorized and has elected to be treated as an association taxable as a corporation for U.S. federal income tax purposes. (b) Except as otherwise provided herein, the Managing Member shall determine whether the Company should make any other elections permitted by the Code. (c) The tax information reasonably required by Record Holders for U.S. federal income tax reporting purposes shall be furnished to Record Holders on or before the date required under the Code and treasury regulations thereunder, but in any event no later than 90 days after the close of each calendar year.

Tax Elections and Information. (a) The Company is authorized and has elected to be treated as an association taxable as a corporation for U.S. United States federal income tax purposes. (b) . Except as otherwise provided herein, the Managing Member Board of Directors or their designees shall determine whether the Company should make any other elections permitted by the Codeany applicable tax law. (cb) 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 Record Holders on or before the date required under the Code and treasury regulations thereunder, but in any event no later than them within 90 days after of the close of each calendar year.