Common use of Tax Reporting and Characterization Clause in Contracts

Tax Reporting and Characterization. It is the Mem-ber's express intention that for purposes of federal, state and local income tax laws the Company be treated as an entity disregarded as separate from the Member (a "DRE") so long as there is only one Member for U.S. federal income tax purposes and for any period when there are two or more Members to be treated as a partnership, and the Tax Matters Partner is expressly authorized to make any election it deems necessary or appropriate to effect or maintain such treatment.

Tax Reporting and Characterization. It is the Mem-ber's Member’s express intention that for purposes of federal, state and local income tax laws the Company be treated as an entity disregarded as separate from the Member (a "DRE") so long as there is only one Member for U.S. federal income tax purposes and for any period when there are two or more Members to it is the Members’ express intention that the Company be treated as a partnership, and the Tax Matters Partner is expressly authorized to make any election it deems necessary or appropriate to effect or maintain such treatment.

Tax Reporting and Characterization. It is the Mem-ber's Members' express intention that for purposes of federal, state and local income tax laws the Company be treated as an entity disregarded as separate from the Member (a "DRE") so long as there is only one Member for U.S. federal income tax purposes and for any period when there are two or more Members to be treated as a partnership, and the Tax Matters Partner is expressly authorized to make any election it deems necessary or appropriate to effect or maintain such treatment.

Tax Reporting and Characterization. It is the Mem-ber's Mem­bers' express intention that for purposes of federal, state and local income tax laws the Company be treated as an entity disregarded as separate from the Member (a "DRE") so long as there is only one Member for U.S. federal income tax purposes and for any period when there are two or more Members to be treated as a partnership, and the Tax Matters Partner is expressly authorized to make any election it deems necessary or appropriate to effect or maintain such treatment.

Tax Reporting and Characterization. It is the Mem-berMem­ber's express intention that for purposes of federal, state and local income tax laws the Company be treated as an entity disregarded as separate from the Member (a "DRE") so long as there is only one Member for U.S. federal income tax purposes purposes, and for any period when there are two or more Members to it is the Members' express intention that the Company be treated as a partnership, and the Tax Matters Partner is expressly authorized to make any election it deems necessary or appropriate to effect or maintain such treatment.