Common use of Taxation as Partnership Clause in Contracts

Taxation as Partnership. The General Partners, while serving as such, agree to use their best efforts to cause compliance at all times with the conditions to the continued effectiveness of any opinion of counsel obtained by the Partnership to the effect that the Partnership will be classified as a partnership for federal income tax purposes.

Appears in 3 contracts

Samples: Rent and Lease Term (Behringer Harvard Short Term Opportunity Fund I Lp), Behringer Harvard Mid Term Value Enhancement Fund I Lp, Behringer Harvard Short Term Opportunity Fund I Lp

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Taxation as Partnership. The General Partners, while serving as such, agree to use their best efforts to cause there to be compliance at all times with the conditions to the continued effectiveness of any the legal opinion of counsel obtained by the Partnership to the effect that the Partnership will be classified as a partnership for federal Federal income tax purposes.

Appears in 1 contract

Samples: Tower Park Marina Investors Lp

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