Common use of U.S. Tax Classification Clause in Contracts

U.S. Tax Classification. The Partners intend for the Partnership to be treated as a partnership for United States federal income tax purposes and no election to the contrary shall be made.

Appears in 6 contracts

Samples: Agreement of Limited Partnership (NetSTREIT Corp.), Agreement of Limited Partnership (NetSTREIT Corp.), Agreement of Limited Partnership (NetSTREIT Corp.)

AutoNDA by SimpleDocs

U.S. Tax Classification. The Partners intend that the Partnership shall be classified as a partnership for U.S. federal income tax purposes. Neither the Partnership nor any Partner shall take any action so as to cause the Partnership to be treated as an association taxable as a partnership corporation for United States U.S. federal income tax purposes and no election to the contrary shall be madepurposes.

Appears in 2 contracts

Samples: Exempted Limited Partnership Agreement, Limited Partnership Agreement (Skype S.a r.l.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!