Common use of Tax Returns and Tax Elections Clause in Contracts

Tax Returns and Tax Elections. (i) The Manager shall cause to be prepared and filed, at the expense of the Company, all required state and federal informational tax returns for the Company on or before the date that such returns are due (including, pursuant to extensions, if obtained by or on behalf of the Company), and shall cause to be prepared and delivered to all Members, all completed informational returns due to the Members, including, without limitation, K-1 forms promptly after same are prepared. All expenses incurred in connection with the above shall be borne by the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (First Capital Real Estate Trust Inc), Limited Liability Company Agreement (First Capital Real Estate Trust Inc)

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Tax Returns and Tax Elections. (ia) The Manager Managing Member shall cause to be prepared and filed, at the expense of the Company, all required state and federal informational tax returns for the Company on or before the date that such returns are due (including, pursuant to extensions, if obtained by or on behalf of the Company), and shall cause to be prepared and delivered to all Members, all completed informational returns due to the Members, including, without limitation, K-1 forms promptly after same are prepared. All expenses incurred in connection with the above shall be borne by the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (First Capital Real Estate Trust Inc)

Tax Returns and Tax Elections. (ia) The Manager Managing Member shall cause to be prepared and filed, at the expense of the Company, all required state and federal informational tax returns for the Company on or before the date that such returns are due (including, pursuant to extensions, if obtained by or on behalf of the Company)due, and shall cause to be prepared and delivered to all Members, by March 15 of each year, all completed informational returns due to the Members, including, without limitation, K-1 forms promptly after same are preparedforms. All expenses incurred in connection with the above shall be borne by the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (United Realty Trust Inc)

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Tax Returns and Tax Elections. (ia) The Manager Managing Member shall cause to be prepared and filed, at the expense of the Company, all required state and federal informational tax returns for the Company on or before the date that such returns are due due. The Company shall prepare and file (including, pursuant to extensions, if obtained by or on behalf of the Company), and shall cause to be prepared and delivered to all Membersfiled), all completed informational returns due and deliver to the Members, including, without limitation, K-1 forms promptly after same are preparedMembers on or prior to August 15th of each calendar year during the term of this Agreement tax returns and K-1’s for each of the Members and the Project Entities. All expenses incurred in connection with the above shall be borne by the Company.

Appears in 1 contract

Samples: Operating Agreement (Interstate Hotels & Resorts Inc)

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