Common use of Tax Returns and Elections Clause in Contracts

Tax Returns and Elections. The General Partner shall cause income tax returns for the Partnership to be prepared and filed with the appropriate authorities and, within ninety (90) days after the close of each Fiscal Year of the Partnership, shall furnish to each Limited Partner the appropriate information derived from the Partnership's income tax returns for such Fiscal Year as is necessary for the preparation of the Limited Partners' federal and state income tax returns. The General Partner shall, in its sole discretion, make all elections under applicable provisions of the Code as shall be necessary or, when optional, in the interest of the Partnership, and shall timely file all such elections as made.

Tax Returns and Elections. The General Partner shall cause income tax returns for the Partnership to be prepared and filed with the appropriate authorities and, within ninety ten (9010) days after the close of each Fiscal Year of the Partnership, shall furnish to each Limited Partner the appropriate information derived from the Partnership's income tax returns for such Fiscal Year as is necessary for the preparation of the Limited Partners' federal and state income tax returns. The General Partner shall, in its sole discretion, make all elections under applicable provisions of the Code as shall be necessary or, when optional, in the interest of the Partnership, and shall timely file all such elections as made.

Tax Returns and Elections. The General Partner shall cause income tax returns for the Partnership to be prepared and filed with the appropriate authorities and, within ninety governmental authorities. Within seventy-five (9075) days after the close of each Fiscal Year fiscal year of the Partnership, the General Partner shall furnish send to each Limited person who was a Partner at any time during the appropriate fiscal year then ended such information derived from the Partnership's as will be sufficient to prepare documents which may be required to be filed under Federal income tax returns for such Fiscal Year as is necessary for the preparation of the Limited Partners' federal laws and state income tax returnsother Federal laws. The General Partner shall, in its sole and absolute discretion, make all elections under applicable provisions of the Code as shall be necessary or, when optional, in the interest of the Partnership, and shall timely file all such elections as made.