Tax Matters Partner. The General Partner shall be the initial Tax Matters Partner and shall represent the Partnership and the Partners before taxing authorities or courts of competent jurisdiction in tax matters affecting the Partnership and the Partners in their capacity as Partners.
Appears in 25 contracts
Samples: Agreement of Limited Partnership (Brandywine Operating Partnership Lp /Pa), Agreement of Limited Partnership (Brandywine Operating Partnership Lp /Pa), Limited Partnership Agreement (Brandywine Operating Partnership Lp /Pa)
Tax Matters Partner. The General Partner shall be the initial Tax Matters Partner and shall represent the Partnership and the Partners before taxing authorities or courts of competent jurisdiction in tax matters affecting the Partnership and the Partners in their capacity as Partners.
Appears in 9 contracts
Samples: Limited Partnership Agreement (Brandywine Operating Partnership Lp /Pa), Agreement of Limited Partnership (Brandywine Operating Partnership Lp /Pa), Agreement of Limited Partnership (Brandywine Operating Partnership Lp /Pa)
Tax Matters Partner. The initial General Partner is designated the “Tax Matters Partner” (within the meaning of Section 6231(a)(7) of the Code) of the Partnership and shall be have all the initial powers and duties assigned to a Tax Matters Partner under the Code and shall represent the Partnership and the Partners before taxing authorities in any similar capacity under state or courts of competent jurisdiction in tax matters affecting the Partnership and the Partners in their capacity as Partnerslocal law.
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