TMP Agreements with IRS. 6.1.3.1 The TMP shall not agree to any extension of the statute of limitations for making assessments on behalf of the Company without first obtaining the written consent of all Members. The TMP shall not bind any other Member to a settlement agreement in tax audits without obtaining the written concurrence of any such Member. 6.1.3.2 Any other Member who enters into a settlement agreement with the Secretary of the Treasury with respect to any Company items, as defined in Code Section 6231(a)(3), shall notify the other Members of the terms within ninety (90) days from the date of such settlement.
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Samples: Limited Liability Company Agreement (R&b Falcon Corp), Limited Liability Company Agreement (Reading & Bates Corp)
TMP Agreements with IRS. 6.1.3.1 The TMP shall not agree to any extension of the statute statue of limitations for making assessments on behalf of the Company any other Party without first obtaining the written consent of all Membersthat Party. The TMP shall not bind any other Member Party to a settlement agreement in tax audits without obtaining the written concurrence of any such Member.
6.1.3.2 Party. Any other Member such Party who enters into a settlement agreement with the Secretary of the Treasury with respect to any Company partnership items, as defined in by Code Section 6231(a)(3), shall notify the other Members Parties of the such settlement agreement and its terms within ninety (90) 90 days from the date of such settlement.
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TMP Agreements with IRS. 6.1.3.1 The TMP shall not agree to any extension of the statute of limitations for making assessments on behalf of the Company any other Partner without first obtaining the written consent of all Membersthat Partner. The TMP shall not bind any other Member Partner to a settlement agreement in tax audits without obtaining the written concurrence of any such Member.
6.1.3.2 Partner. Any other Member Partner who enters into a settlement agreement with the Secretary of the Treasury with respect to any Company partnership items, as defined in by Code Section 6231(a)(3), shall notify the other Members Partners of the such settlement agreement and its terms within ninety (90) days from the date of such the settlement.
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