Tax Matters Partner Not Liable. The Tax Matters Partner shall not be liable to any Partner or the Partnership on account of any action taken or not taken so long as it shall act in good faith in such capacity. Without limiting the generality thereof, the Tax Matters Partner shall be deemed to have acted in good faith in taking any action which benefits Partners holding at least ninety percent (90%) of the Units.
Appears in 6 contracts
Samples: Limited Partnership Agreement (Duke Realty Limited Partnership/), Limited Partnership Agreement (Duke Realty Limited Partnership/), Limited Partnership Agreement (Duke Realty Limited Partnership/)
Tax Matters Partner Not Liable. The Tax Matters Partner shall not be liable to any Partner or the Partnership on account of any action taken or not taken so long as it he shall act in good faith in such capacity. Without limiting the generality thereof, the Tax Matters Partner shall be deemed to have acted in good faith in taking any action which benefits Partners holding at least ninety percent (90%) 50% of the Unitsinterest in the Partnership, measured by Percentage Shares.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Emmis Television License Corp of Topeka), Limited Partnership Agreement (Emmis Television License Corp of Topeka), Limited Partnership Agreement (Emmis Television License Corp of Topeka)
Tax Matters Partner Not Liable. The Tax Matters Partner shall not be liable to any Partner or the Partnership on account of any action taken or not taken so long as it shall act in good faith in such capacity. Without limiting the generality thereof, the Tax Matters Partner shall be deemed to have acted in good faith in taking any action which benefits Partners holding at least ninety [fifty percent (9050%) )] of the UnitsPartnership Interests, as determined by Percentage Shares.
Appears in 1 contract
Samples: Limited Partnership Agreement (Duke Realty Investments Inc)
