Common use of Taxation as Partnership Clause in Contracts

Taxation as Partnership. The Members recognize that the Company will be treated as a partnership for U.S. federal income tax purposes. The Manager shall operate the Company in such a manner and shall take all necessary action as will establish and preserve the Company's treatment as a partnership for U.S. federal income tax purposes. The Company shall not make any election to be treated as other than a partnership for U.S. federal income tax purposes.

Taxation as Partnership. The Members recognize that the Company will be treated as a partnership for U.S. federal income tax purposes. The , and the Manager shall operate the Company in such a manner and shall will take all necessary action as will establish and preserve the Company's its treatment as a partnership for U.S. federal income tax purposes. The Company shall not make any election to be treated as other than a partnership for U.S. federal income tax purposes.

Taxation as Partnership. The Members recognize that the Company will be treated as a partnership for U.S. federal income tax purposes. The Manager , and the Board of Managers shall operate the Company in such a manner and shall take all necessary action as will establish and preserve the Company's its treatment as a partnership for U.S. federal income tax purposes. The Company shall not make any election to be treated as other than a partnership for U.S. federal income tax purposes.

Taxation as Partnership. The Members recognize that the Company will be treated as a partnership for U.S. federal income tax purposes. The Manager , and the Board shall operate the Company in such a manner and shall take all necessary action as will establish and preserve the Company's its treatment as a partnership for U.S. federal income tax purposes. The Company shall not make any election to be treated as other than a partnership for U.S. federal income tax purposes.