Common use of Tax Elections Clause in Contracts

Tax Elections. The Manager shall have the authority to make all Company elections permitted under the Code, including, without limitation, elections of methods of depreciation and elections under Code Section 754. The decision to make or not make an election shall be at the Manager’s sole and absolute discretion.

Appears in 16 contracts

Samples: Operating Agreement (National Credit & Guaranty CORP), Operating Agreement (National Credit & Guaranty CORP), Operating Agreement (National Credit & Guaranty CORP)

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Tax Elections. The Manager shall have the authority to make all Company elections permitted under the Code, including, without limitation, elections of methods of depreciation and elections under Code Section 754. The decision to make or not make an election shall be at the Manager’s sole and absolute discretiondiscretion of the Manager.

Appears in 4 contracts

Samples: Operating Agreement (Synergy Brands Inc), Operating Agreement (Aldila Inc), Operating Agreement (Miller Lloyd I Iii)

Tax Elections. The Manager shall have the authority to make all Company elections permitted under the Code, including, Code including without limitation, limitation elections of methods of depreciation and elections under Code Section 754. The decision to make or not make an election shall be at the Manager’s sole and absolute discretion.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Tesoro Sierra Properties LLC), Limited Liability Company Agreement (Tesoro Sierra Properties LLC), Limited Liability Company Agreement (Tesoro Sierra Properties LLC)

Tax Elections. The Manager Managing Member shall have the authority to make all Company elections permitted under the Code, including, without limitation, elections of methods of depreciation depreciation, elections under IRC Section 754, and elections under Code Section 754with respect to the treatment of tax liabilities related to audit adjustments. The decision to make or not make an election shall be at the ManagerManaging Member’s sole and absolute discretion.

Appears in 3 contracts

Samples: Operating Agreement (Rock Fund VII-A, LLC), Operating Agreement (Rock Fund VII-A, LLC), Operating Agreement (TRP Fund VII LLC)

Tax Elections. The Manager shall have has the authority to make all Company elections for federal, state, and local income tax matters permitted under the Code, including, without limitation, elections of methods of depreciation . Each Member consents to any election and elections under Code Section 754. The decision shall sign any documentation necessary to make or not make an election shall be at the Manager’s sole and absolute discretiongive effect to any elections.

Appears in 3 contracts

Samples: Operating Agreement (Efund City Metro Income Fund LLC), Operating Agreement (Efund City Metro Income Fund LLC), Operating Agreement (Efund City Metro Income Fund LLC)

Tax Elections. The Manager Managers shall have the authority to make all Company elections permitted under the Code, including, without limitation, elections of methods of depreciation and elections under Code Section 754. The decision , as the Managers deem to make or not make an election shall be at in the Manager’s sole best interests of the Company and absolute discretionits Members.

Appears in 2 contracts

Samples: Operating Agreement (Titan Corp), Operating Agreement (L-3 Communications InfraredVision Technology CORP)

Tax Elections. The General Manager shall have the authority to make all Company elections permitted under the Code, including, without limitation, elections of methods of depreciation and elections an election under Code Section 754. The decision to make or not make an election shall be at the General Manager’s 's sole and absolute discretion.

Appears in 2 contracts

Samples: Operating Agreement (Madison Run, LLC), Operating Agreement (Madison Run, LLC)

Tax Elections. The Manager shall have the authority to make and revoke all Company elections permitted under the CodeCode or state income tax laws, including, without limitation, elections of methods of depreciation and elections under Code Section 754754 of the Code. The decision to make or not make an election shall be at the Manager’s 's sole and absolute discretion. Each of the Members shall, upon request, supply any information necessary to give proper effect to such election.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Voicestream Wireless Corp)

Tax Elections. The Manager Managers shall have the authority to make all Company elections permitted under the Code, including, without limitation, elections of methods of depreciation and elections under Code Section 754. The decision to make or not make an election shall be at the Manager’s sole and absolute discretion.

Appears in 1 contract

Samples: Operating Agreement (Fun Tyme Concepts Inc)

Tax Elections. The Manager Managers shall have the authority to make all Company elections permitted under the Code, including, without limitation, elections of methods of depreciation and elections under Code IRC Section 754. The decision to make or not make an election shall be at the Manager’s Managers’ sole and absolute discretion.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (American Diversified Energy LLC)

Tax Elections. The General Manager shall have the authority to make all Company elections permitted under the Code, including, without limitation, elections of methods of depreciation and elections an election under Code Section 754. The decision to make or not make an election shall be at the General Manager’s 's sole and absolute discretion. The Company shall use the "traditional method" in allocating its Code Section 704(c) items among its Members.

Appears in 1 contract

Samples: Operating Agreement (DM Products, Inc.)

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Tax Elections. The Manager shall have the authority to make all Company elections permitted under the Code, including, without limitation, elections of methods of depreciation and elections under Code Section 754. The decision to make or not make an election shall be at the Manager’s sole and absolute discretion.and

Appears in 1 contract

Samples: Operating Agreement (Miller Lloyd I Iii)

Tax Elections. The Manager shall have has the authority to make all Company elections for federal- income-tax matters permitted under the Code, including, without limitation, including elections of methods of depreciation and elections under Code Section 754. The decision to make or not make an election shall will be at the Manager’s sole and absolute discretion.

Appears in 1 contract

Samples: Operating Agreement (Banyan Corp /Or/)

Tax Elections. The Manager shall Managers will have the authority to make all Company elections permitted under the Code, including, without limitation, elections of methods of depreciation and elections under Code Section 754, 734 and 743. The decision If a Member dies, the Managers agree to make or not make an election shall be at the Manager’s sole and absolute discretiona 754 election.

Appears in 1 contract

Samples: Operating Agreement

Tax Elections. The Manager Managers shall have the authority to make all Company elections permitted under the Code, including, without limitation, elections of methods of depreciation and elections under Code Section 754754 of the Code. The decision to make or not make an election shall be at the Manager’s Managers’ sole and absolute discretion.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Tax Elections. The Manager shall have the authority to make all Company elections permitted under the Code, including, including without limitation, limitation elections of methods of depreciation and elections under Code Section 754. The decision to make or not make an election shall be at the Manager’s 's sole and absolute discretion, subject only to his obligation to act in the best interest of the Company and the Members.

Appears in 1 contract

Samples: Operating Agreement (Kti Inc)

Tax Elections. The Manager Managers shall have the authority to make all Company elections permitted under the Code, including, without limitation, elections of methods of depreciation and elections under Code Section 754. The decision to make or not make an election shall be at the Manager’s Managers' sole and absolute discretion.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Farmstead Telephone Group Inc)

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