Common use of Tax Partnership Clause in Contracts

Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Neither the Company nor any Member shall make an election for the Partnership to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3.

Tax Partnership. It Except as provided in Section 7.6, it is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Neither the Company nor any Member shall make an election for the Partnership Company to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law Law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3.

Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Neither Unless otherwise approved in accordance with Section 8.2 and Section 8.4(b), neither the Company nor any Member shall make an election for the Partnership to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law Law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3.

Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal Federal income tax purposes. Neither Unless otherwise approved by the Board pursuant to Section 5.1(c)(xxix), neither the Company nor any Member shall make an election for the Partnership Company to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law State Law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3.

Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Neither the Company nor any Member shall make an election for the Partnership Company to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3.

Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Neither Unless otherwise determined by the Steering Committee, neither the Company nor any Member shall make an election for the Partnership partnership to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law or to be classified as other than a partnership pursuant to Treasury Regulation Section §301.7701-3.

Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Neither Unless otherwise approved by each Member, neither the Company nor any Member shall make an election for the Partnership Company to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law Law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3.

Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Neither Unless otherwise approved in accordance with Section 8.5(a), neither the Company nor any Member shall make an election for the Partnership to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3.

Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Neither Unless otherwise approved in accordance with Section 7.6, neither the Company nor any Member shall make an election for the Partnership Company to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law Law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3.

Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Neither Unless otherwise approved by the Managing Member, neither the Company nor any Member shall make an election for the Partnership Company to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law Law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3.

Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Neither Unless otherwise approved (i) by the Sponsor and (ii) in accordance with Section 8.5(b)(xiii), neither the Company nor any Member shall make an election for the Partnership Company to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law Law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3.

Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Neither Unless otherwise approved, neither the Company nor any Member shall make an election for the Partnership Company to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law or to be classified as other than a partnership pursuant to Treasury Regulation Regulations Section 301.7701-3, and no provision of this Agreement (including Section 2.7) shall be construed to sanction or approve such an election.

Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Neither Unless otherwise approved by the Sponsor, neither the Company nor any Member shall make an election for the Partnership Company to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law Law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3.

Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Neither the Company nor any Member shall make an election for the Partnership partnership to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law or to be classified as other than a partnership pursuant to Treasury Regulation Section §301.7701-3.

Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Neither Without approval by the Manager, neither the Company nor any Member shall will make an election for the Partnership Company to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law Law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3301.7701- 3 and any such election to the contrary shall be void ab initio.

Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Neither Unless otherwise approved by the Board, neither the Company nor any Member shall make an election for or take any other action causing the Partnership Company to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law Law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3. Upon Manager unanimous approval the Company may elect to be taxed as a corporation.

Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Neither Unless otherwise approved in accordance with Section 8.5(b), neither the Company nor any Member shall make an election for the Partnership to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3.

Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal Federal income tax purposes. Neither Unless otherwise approved by the Board pursuant to Section 5.1(d)(xiii), neither the Company nor any Member shall make an election for the Partnership Company to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law State Law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3.

Tax Partnership. It is the intention of the Members that the Company be classified as a single partnership for U.S. federal Federal and applicable state and local income tax purposes. Neither Unless otherwise approved by all of the Members, neither the Company nor any Member shall make an election for the Partnership Company to be excluded from the application of the provisions of subchapter Subchapter K of chapter Chapter 1 of subtitle Subtitle A of the Code or any similar or corresponding provisions of applicable state law or local Law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3.

Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Neither Unless otherwise approved by the Managing Member, neither the Company nor any Member shall make an election for the Partnership Company to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3.

Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Neither Unless otherwise approved by the Manager, neither the Company nor any Member shall make an election for the Partnership Company to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3.

Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Neither Unless otherwise approved by each Member, neither the Company nor any Member shall make an election for the Partnership to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law Law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3.

Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax Tax purposes. Neither the Company nor any Member shall make an election for the Partnership Company to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law Law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3.

Tax Partnership. It Except as provided in Section 7.6, it is the intention of the Members that the Company be classified as a partnership for U.S. federal income tax purposes. Neither Unless otherwise approved by the Board, neither the Company nor any Member shall make an election for the Partnership Company to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A of the Code or any similar provisions of applicable state law Law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3.