Tax Elections. The General Partner shall, from time to time, make such tax elections as it deems necessary or desirable in its sole discretion to carry out the business of the Partnership or the purposes of this Agreement. Notwithstanding the foregoing, the General Partner shall make a timely election under Section 754 of the Code.
Appears in 43 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (United States Diesel-Heating Oil Fund, LP), Limited Partnership Agreement (United States 12 Month Oil Fund, LP)
Tax Elections. The General Partner shall, from time to time, shall make such tax elections on behalf of the Partnership as it deems necessary or desirable shall deem appropriate in its sole discretion to carry out the business of the Partnership or the purposes of this Agreement. Notwithstanding the foregoing, the General Partner shall make a timely election under Section 754 of the Codediscretion.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Armstrong Resource Partners, L.P.), Limited Partnership Agreement (Titan Exploration Inc), Agreement of Limited Partnership (DNR Mesa Holdings L P)
Tax Elections. The General Partner shall, from time to time, make such tax elections as it deems necessary or desirable in its sole discretion to carry out the business of the Partnership or the purposes of this Agreement. Notwithstanding the foregoing, the General Partner shall make a timely election under Section 754 of the Code.
Appears in 2 contracts
Samples: Limited Partnership Agreement (New York Oil ETF, LP), Agreement of Limited Partnership (New York Oil ETF, LP)
Tax Elections. The General Partner shallshall (and is hereby authorized to) cause the Partnership and, from time to timeif applicable, make such tax elections as it deems necessary or desirable in its sole discretion to carry out the business any subsidiary of the Partnership or the purposes of this Agreement. Notwithstanding the foregoing, the General Partner shall to make a timely election under Section 754 of the Code, or any similar provision enacted in lieu thereof, and any similar provisions under any state, local or non-U.S. tax law. The General Partner shall have the power to make any other election on behalf of the Partnership that the General Partner deems appropriate in its sole discretion.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Core & Main, Inc.), Limited Partnership Agreement (Core & Main, Inc.)
Tax Elections. The General Partner shall, from time to time, shall make such tax elections on behalf of the Partnership as it deems necessary or desirable shall deem appropriate in its sole discretion to carry out the business of the Partnership or the purposes of this Agreementdiscretion. Notwithstanding anything in this Agreement to the foregoingcontrary, the General Partner shall not be required to make a timely an election under Section 754 of the CodeInternal Revenue Code or corresponding provisions of applicable state income tax law.
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