Tax Status, Reports, and Allocations. (a) Notwithstanding any provision contained in this Agreement to the contrary, solely for federal income tax purposes, each of the Partners hereby recognizes that the Partnership will be subject to all provisions of Subchapter K of the Code; provided, however, that the filing of United States Partnership Returns of Income shall not be construed to extend the purposes of the Partnership or expand the obligations or liabilities of the Partners.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Fw Integrated Orthopaedics Investors Lp), Limited Partnership Agreement (Keystone Inc Et Al), Limited Partnership Agreement (Keystone Inc Et Al)
Tax Status, Reports, and Allocations. (a) Notwithstanding any provision contained in this Agreement to the contrary, solely for federal income tax purposes, each of the Partners hereby recognizes that the Partnership will be classified as a partnership for federal income tax purposes and, therefore, will be subject to all provisions of Subchapter K of the Code; provided, however, that the filing of United States Partnership Returns of Income shall not be construed to extend the purposes of the Partnership or expand the obligations or liabilities of the Partners.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Eap Energy Services Lp), Limited Partnership Agreement (Eap Energy Services Lp)
Tax Status, Reports, and Allocations. (a) Notwithstanding any provision contained in this Agreement to the contrary, solely for federal income tax purposes, each of the Partners hereby recognizes that the Partnership will be classified as a partnership for federal income tax purposes and therefore, will be subject to all provisions of Subchapter K of the Code; provided, provided however, that the filing of United States Partnership Returns of Income shall not be construed to extend the purposes of the Partnership or expand the obligations or liabilities of the Partners.
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