Common use of Tax Examinations and Audits Clause in Contracts

Tax Examinations and Audits. The Partnership Representative is authorized and required to represent the Company (at the Company's expense) in connection with all examinations of the Company's affairs by taxing authorities, including resulting administrative and judicial proceedings, and to expend Company funds for professional services and costs associated therewith. Each Member agrees that such Member will not independently act with respect to tax audits or tax litigation of the Company, unless previously authorized to do so in writing by the Partnership Representative, which authorization may be withheld by the Partnership Representative in its sole and absolute discretion. The Partnership Representative shall have sole discretion to determine whether the Company (either on its own behalf or on behalf of the Members) will contest or continue to contest any tax deficiencies assessed or proposed to be assessed by any taxing authority.

Appears in 4 contracts

Samples: Operating Agreement (Granite Falls Energy, LLC), Operating Agreement (Granite Falls Energy, LLC), Operating Agreement (Granite Falls Energy, LLC)

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Tax Examinations and Audits. The Partnership Representative is authorized and required to represent the Company (at the Company's ’s expense) in connection with all examinations of the Company's ’s affairs by taxing authorities, including resulting administrative and judicial proceedings, and to expend Company funds for professional services and costs associated therewith. Each Member Unit Holder agrees that such Member Unit Holder will not independently act with respect to tax audits or tax litigation of the Company, unless previously authorized to do so in writing by the Partnership Representative, which authorization may be withheld by the Partnership Representative in its sole and absolute discretion. The Partnership Representative shall have sole discretion to determine whether the Company (either on its own behalf or on behalf of the MembersUnit Holders) will contest or continue to contest any tax deficiencies assessed or proposed to be assessed by any taxing authority.

Appears in 3 contracts

Samples: Operating Agreement (Highwater Ethanol LLC), Operating Agreement, Operating Agreement (Cardinal Ethanol LLC)

Tax Examinations and Audits. The Partnership Representative is authorized and required to represent the Company (at the Company's ’s expense) in connection with all examinations of the Company's ’s affairs by taxing authorities, including resulting administrative and judicial proceedings, and to expend Company funds for professional services and costs associated therewith. Each Member Unit Holder agrees that such Member Unit Xxxxxx will not independently act with respect to tax audits or tax litigation of the Company, unless previously authorized to do so in writing by the Partnership Representative, which authorization may be withheld by the Partnership Representative in its sole and absolute discretion. The Partnership Representative shall have sole discretion to determine whether the Company (either on its own behalf or on behalf of the MembersUnit Holders) will contest or continue to contest any tax deficiencies assessed or proposed to be assessed by any taxing authority.

Appears in 2 contracts

Samples: Operating Agreement (Cardinal Ethanol LLC), Operating Agreement (Cardinal Ethanol LLC)

Tax Examinations and Audits. The Partnership Representative is authorized and required to represent the Company (at the Company's expense) in connection with all examinations of the Company's affairs by taxing authoritiesTaxing Authorities, including resulting administrative and judicial proceedings, and to expend Company funds for professional services and costs associated therewith. Each Member agrees that such Member will not independently act with respect to tax audits or tax litigation of the Company, unless previously authorized to do so in writing by the Partnership Representative, which authorization may be withheld by the Partnership Representative in its sole and absolute discretion. The Partnership Representative shall have the sole discretion to determine whether the Company (either on its own behalf or on behalf of the Members) will contest or continue to contest any tax deficiencies assessed or proposed to be assessed by any taxing authorityTaxing Authority. The Company and its Members shall be bound by the actions taken by the Partnership Representative.

Appears in 1 contract

Samples: Operating Agreement (Csac Acquisition Inc.)

Tax Examinations and Audits. The Partnership Representative is authorized and required to represent the Company (at the Company's expense) in connection with all examinations of the Company's affairs by the Internal Revenue Service or other federal or state taxing authoritiesauthorities (collectively, "Taxing Authorities" and each a "Taxing Authority") including any resulting administrative and judicial proceedings, and to expend Company funds for professional services and costs associated therewith. Each Member agrees that such Member will not independently act with respect to tax audits or tax litigation of the Company, unless previously authorized to do so in writing by the Partnership Representative, which authorization may be withheld by the Partnership Representative in its sole and absolute discretion. The Partnership Representative shall have sole authority to act on behalf of the Company in any such examinations and any resulting administrative or judicial proceedings, and shall have sole discretion to determine whether the Company (either on its own behalf or on behalf of the Members) will contest or continue to contest any tax deficiencies assessed or proposed to be assessed by any taxing authorityTaxing Authority.

Appears in 1 contract

Samples: Operating Agreement (Auor Capital Fund v LLC)

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Tax Examinations and Audits. The Partnership Representative is authorized and required to represent the Company (at the Company's ’s expense) in connection with all examinations of the Company's ’s affairs by the Internal Revenue Service or other federal or state taxing authoritiesauthorities (collectively, “Taxing Authorities” and each a “Taxing Authority”), including any resulting administrative and judicial proceedings, and to expend Company funds for professional services and costs associated therewith. Each Member agrees that such Member will not independently act with respect to tax audits or tax litigation of the Company, unless previously authorized to do so in writing by the Partnership Representative, which authorization may be withheld by the Partnership Representative in its sole and absolute discretion. The Partnership Representative shall have sole authority to act on behalf of the Company in any such examinations and any resulting administrative or judicial proceedings, and shall have sole discretion to determine whether the Company (either on its own behalf or on behalf of the Members) will contest or continue to contest any tax deficiencies assessed or proposed to be assessed by any taxing authorityTaxing Authority.

Appears in 1 contract

Samples: Operating Agreement (Auor Capital Fund v LLC)

Tax Examinations and Audits. The Partnership Representative is authorized and required to represent the Company (at the Company's ’s expense) in connection with all examinations of the Company's ’s affairs by taxing authorities, including resulting administrative and judicial proceedings, and to expend Company funds for professional services and costs associated therewith. Each Member agrees that such Member will not independently act with respect to tax audits or tax litigation of the Company, unless previously authorized to do so in writing by the Partnership Representative, which authorization may be withheld by the Partnership Representative in its sole and absolute discretion. The Partnership Representative shall have sole discretion to determine whether the Company (either on its own behalf or on behalf of the Members) will contest or continue to contest any tax deficiencies assessed or proposed to be assessed by any taxing authority.

Appears in 1 contract

Samples: Operating Agreement (Granite Falls Energy, LLC)

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