Tax Status of Partnership. If, by reason of any provision or provisions of this Agreement, the Internal Revenue Service shall assert the position that the Partnership shall not be deemed to be a partnership for purposes of the federal income tax laws, then said provision or provisions of this Agreement shall not be operative.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Bridgeton Global Directional Fund, Lp), Limited Partnership Agreement (Bridgeton Tactical Advisors Fund, Lp), Limited Partnership Agreement (Bridgeton Global Directional Fund, Lp)