Tax Matters for the Company is designated as “Tax Matters Partner” to represent the Company (at the Company’s expense) in connection with all tax authorities. The Tax Matters Partner may spend Company funds for associated professional services and costs.
Tax Matters for the Company. The Manager is designated at “Tax Matters Partner” (as defined in Code Section 6231), to represent the Company (at the Company’s expense) in connection with all examination of the Company’s affairs by tax authorities and to expend Company funds for professional services and costs associated therewith.
Tax Matters for the Company. HANDLED BY THE MANAGER AND TAX MATTERS ------------------------------------------------------------------ PARTNER. The Manager shall from time to time cause the Company to make such tax ------- elections as the Manager deems to be in the best interests of the Company and the Members. The Tax Matters Partner, as defined in Code Section 6231, shall represent the Company (at the Company's expense) in connection with all examinations of the Company's affairs by tax authorities, including resulting judicial and administrative proceedings, and shall expend the Company funds for professional services and costs associated therewith. The Tax Matters Partner shall oversee the Company tax affairs in the overall best interests of the Company. If for any reason the Tax Matters Partner resigns or can no longer serve in that capacity, a Super Majority Interest may designate another Member to be Tax Matters Partner.
Tax Matters for the Company. The Managing Member is designated as “Tax Matters Partner” (as defined in Code Section 6231), to represent the Company (at the Company’s expense) in connection with all examination of the Company’s affairs by tax authorities and to expend Company funds for professional services and costs associated therewith.
Tax Matters for the Company. Xxxx Xxxxxx is designated as "Tax Matters Partner" (as defined in Code Section 6231), to represent the Company (at the Company's expense) in connection with all examination of the Company's affairs by tax authorities and to expend Company funds for professional services and costs associated therewith.
Tax Matters for the Company. The Members holding a majority of the Membership Interests shall select a “Tax Representative,” who shall be the “partnership representative” of the Company within the meaning of Section 6223(a) of the Code. If any state or local tax law provides for a partnership representative or person having similar rights, powers, authority or obligations (including as a “tax matters partner”), the Tax Representative shall also serve in such capacity. [The Members holding a majority of the Membership Interests shall also select a “designated individual” (a “Designated Individual”).] The Tax Representative [(and any Designated Individual)] may resign at any time, subject to the provisions of Treasury Regulations Section 000-0000-0. If a Tax Representative ceases to serve as such for any reason, the Company itself will automatically and immediately become the new (acting) Tax Representative until the holders of a majority of the outstanding Member Units appoint a new Tax Representative. Except as otherwise provided in this Agreement, the Tax Representative (i) shall have all of the rights, authority and power, and shall be subject to all of the obligations, of a partnership representative to the extent provided in the Code and the Treasury Regulations (and any rights, authority, power and obligations applicable to a tax representative under applicable state or local laws), and the Members hereby agree to be bound by any actions taken by the Tax Representative in such capacity; provided, that the Tax Representative shall not (A) settle any material tax claim or (B) make any material tax election without the consent of holders of a majority of the Membership Interests; and (ii) shall have sole discretion to make any income tax election it deems advisable on behalf of the Company and shall represent the Company in all tax matters to the extent allowed by law. The Tax Representative shall have the authority and responsibility to arrange for the preparation, and timely filing, of the Company’s tax returns. The Tax Representative [and the Designated Individual] shall be entitled to reimbursement by the Company for all reasonable costs and expenses incurred by [it][them] in connection with the performance of the obligations hereunder. The Company shall indemnify, defend, and hold the Tax Representative [and the Designated Individual] harmless for all expenses, including legal and accounting fees, claims, liabilities, losses and damages incurred in connection with its serving i...
Tax Matters for the Company. CPC is designated as "Tax Matters --------------------------- Partner" (as defined in Code Section 6231), to represent the Company (at the Company's expense) in connection with all examination of the Company's affairs by tax authorities and to expend Company funds for professional services and costs associated therewith.
Tax Matters for the Company. The Tax Matters Partner shall from time to time cause the Company to make such tax elections as it deems to be in the best interests of the Company and the Members. Xxxxx Xxxxxxxx shall be designated as “Tax Matters Partner” (as defined in Section 6231(a)(7) of the Code and comparable state, local or foreign law), to represent the Company (at the Company's expense) in connection with all examinations of the Company's affairs by tax authorities, including resulting judicial and administrative proceedings, and to expend the Company funds for professional services and costs associated therewith. In its capacity as Tax Matters Partner, the Tax Matters Partner shall oversee the Company's tax affairs in the overall best interests of the Company.
Tax Matters for the Company. The Managing Member shall designate a “Tax Matters Partner” for the Company and each Series within the meaning of Section 6231 of the Code. The Tax Matters Partner shall have no authority to settle or compromise any matter in respect of taxes of the Company and/or each Series, to waive any period of limitations, or to otherwise bind the Company in any proceeding or claim in respect of taxes of the Company and/or each Series, unless such authority is expressly conferred on the Tax Matters Partner by the Managing Member. In addition, unless the Managing Member expressly provides otherwise, the Managing Member shall control any proceeding in respect of taxes of the Company and/or each Series. The Managing Member may, in its discretion, and subject to the requirements of the Code, remove and replace the Tax Matters Partner at any time and from time to time.
Tax Matters for the Company. The Board of Managers shall have the authority, from time to time, to designate a “tax matters partner” for the Company within the meaning of Section 6231 of the Code (as in effect immediately prior to the effective date of Section 1101 of the Bipartisan Budget Act of 2015) and to designate a “partnership representative” for the Company (as defined in Section 6223 of the Code, as in effect as of the effective date of Section 1101 of the Bipartisan Budget Act of 2015, and as the same may be amended from time to time). The tax matters partner and the partnership representative (as defined above) shall, except and to the extent that the Board designates otherwise, have the powers and authorities ascribed to such title pursuant to the Code (as applicable).
