Audit Rules definition

Audit Rules means the partnership audit provisions of Subchapter C of Chapter 63 of the Code, as amended.
Sample 1Sample 2
Audit Rules means §6221 through §6241 of the Code, together with any guidance issued thereunder and any similar provision of state or local tax laws.
Sample 1Sample 2
Audit Rules. The revised partnership audit rules under the United States Bipartisan Budget Act of 2015 and any Sections of the Code or Treasury Regulations promulgated thereunder and with respect thereto, each as amended from time to time.
Sample 1

Examples of Audit Rules in a sentence

  • The Manager is hereby designated the “Tax Matters Partner” (as defined in Code §6231, to the extent applicable for taxable years beginning before January 1, 2018) and as the “partnership representative” of the Company for purposes of the Partnership Tax Audit Rules.

  • For each taxable year that the Partnership Tax Audit Rules are applicable to the Fund, the following provisions shall apply: [The General Partner is hereby designated as the “partnership representative” within the meaning of Section 6223(a) of the Code (the “Partnership Representative”), and shall appoint an individual chosen by the General Partner in its sole and absolute discretion to serve as the “designated individual” under the Partnership Tax Audit Rules (the “Designated Individual”).

  • Subject to compliance with the Partnership Audit Rules, (i) any Person serving as the Partnership Representative or the Designated Individual may withdraw from such position at any time by giving the Managing Member written notice of such withdrawal and (ii) the Managing Member may, at any time, remove the Person serving as the Partnership Representative or the Designated Individual by giving such Person written notice of such removal.

  • The Managing Member shall be the Partnership Representative of the Company, and [INSERT] shall be appointed as the Designated Individual of the Partnership Representative for purposes of the Partnership Audit Rules.

  • From time to time, the Managing Member may appoint a different Person to serve as the Designated Individual, provided such appointment is permitted under the Partnership Audit Rules.

  • The Members recognize the Partnership Audit Rules will be interpreted and possibly changed and agree to amend this Agreement to address such interpretations and/or changes.

  • Subject to approval of the Members, the Managing Member may appoint a different Person to serve as the Partnership Representative, provided such alternative appointment is permitted under the Partnership Audit Rules.

  • The Partnership Representative and the Designated Individual shall have such duties, powers and authority to represent the Company in connection with a Tax Proceeding as provided in the Partnership Audit Rules, subject to the restrictions, limitations and obligations set forth in this Article IX.

  • If and when every Member qualifies as eligible member under the Partnership Audit Rules, the Partnership Representative shall make the “Opt-Out” election for the Company, as appropriate, for any year that Members remain qualified as eligible Members.

  • The Partnership Representative shall timely designate an individual to serve as the sole individual through whom the Partnership Representative will act for purposes of the Revised Partnership Audit Rules (the “Designated Individual”) with the Consent of the Limited Partner.

Related to Audit Rules

  • SIFT Rules means the provisions of the Tax Act, including those contained in sections 104, 122 and 122.1 of the Tax Act, which apply to the taxation of a “specified investment flow through trust” and its unitholders.

  • Relevant Rules means, at any time, the laws, regulations, requirements, guidelines and policies relating to capital adequacy (including, without limitation, as to leverage) then in effect in the United Kingdom including, without limitation to the generality of the foregoing, as may be required by CRD IV or BRRD or any applicable successor legislation or any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and applicable to the Issuer from time to time and any regulations, requirements, guidelines and policies relating to capital adequacy adopted by the Relevant Regulator from time to time (whether or not such requirements, guidelines or policies are applied generally or specifically to the Issuer or to the Issuer and any of its holding or subsidiary companies or any subsidiary of any such holding company).

  • Market Rules means the rules, regulations, customs and practices from time to time of any exchange, clearing house or other organization or market involved in the conclusion, execution or settlement of a Contract any exercise by any such exchange, clearing house or other organization or market of any power or authority conferred on it.

  • Conduct Rules shall have the meaning set forth in Section 4(u) hereof.

  • BBA Partnership Audit Rules means Sections 6221 through 6241 of the Code, and any regulations promulgated or proposed under any such Sections and any administrative guidance with respect thereto.

  • Partnership Tax Audit Rules means Sections 6221 through 6241 of the Code, together with any final or temporary Treasury Regulations, Revenue Rulings and case law interpreting Sections 6221 through 6241 of the Code (and any analogous provision of state or local tax Law).

  • PPB Rules means the rules of the Procurement Policy Board as set forth in Title 9 of the Rules of the City of New York (“RCNY”), § 1-01 et seq.

  • FCA Rules means the Rules included within the FCA Handbook issued by the FCA.

  • House Rules means written and posted rules governing house activities in the AFH-DD. These rules may not conflict with the AFH Bill of Rights.

  • PJM Market Rules means the rules, standards, procedures, and practices of the PJM Markets set forth in the PJM Tariff, the PJM Operating Agreement, the PJM Reliability Assurance Agreement, the PJM Consolidated Transmission Owners Agreement, the PJM Manuals, the PJM Regional Practices Document, the PJM-Midwest Independent Transmission System Operator Joint Operating Agreement or any other document setting forth market rules. PJM Net Assets:

  • M&A Rules means the Provisions on Merging and Acquiring Domestic Enterprises by Foreign Investors, which was promulgated by six Governmental Agencies, namely, the Ministry of Commerce, the State-owned Assets Supervision and Administration Commission, the State Administration for Taxation, the State Administration for Industry and Commerce, the China Securities Regulatory Commission (the “CSRC”), and the State Administration of Foreign Exchange, on August 8, 2006 and became effective on September 8, 2006, as amended by the Ministry of Commerce on June 22, 2009.

  • ACH Rules means the NACHA Operating Rules and NACHA Operating Guidelines, as in effect from time to time.

  • DOE Rules means DOE’s energy conservation regulations found in Title 10, Parts 429, 430, and 431 of the Code of Federal Regulations.

  • FSA Rules meanss the rules, guidance, principles and codes comprised in the Handbook of Rules and Guidance issued by the FSA. The parties understand and agree that such categorisation is not intended to, and does not, affect the relationship between and among the parties under the 1940 Act or the Advisers Act.

  • IESO Market Rules means the rules made under section 32 of the Electricity Act, 1998 (Ontario), together with all market manuals, policies and guidelines issued by the IESO.

  • NYSRC Reliability Rules means the rules applicable to the operation of the New York Transmission System. These rules are based on Reliability Standards adopted by NERC and NPCC, but also include more specific and more stringent rules to reflect the particular requirements of the New York Transmission System.

  • 1940 Act Rules and Regulations means the rules and regulations of the Commission under the 1940 Act.

  • PRA Rules means the Rules included within the PRA handbook issued by the PRA.

  • Advisers Act Rules and Regulations means the rules and regulations of the Commission under the Advisers Act.

  • Site Rules means all rules, regulations, directives and policies notified by the Company from time to time which are intended to be of general application to persons at a Site controlled or managed by the Company.

  • CySEC Rules means the Rules, Directives, Regulations, Guidance notes, opinions or recommendations of CySEC.

  • HIPAA Rules means the Privacy, Security, Breach Notification, and Enforcement Rules at 45 CFR Part 160 and Part 164.

  • Internal Procedures means in respect of the making of any one or more entries to, changes in or deletions of any one or more entries in the register at any time (including without limitation, original issuance or registration of transfer of ownership) the minimum number of the Warrant Agent’s internal procedures customary at such time for the entry, change or deletion made to be complete under the operating procedures followed at the time by the Warrant Agent, it being understood that neither preparation and issuance shall constitute part of such procedures for any purpose of this definition;

  • ISO-NE Rules means all rules and procedures adopted by NEPOOL, ISO-NE, or the RTO, and governing wholesale power markets and transmission in New England, as such rules may be amended from time to time, including but not limited to, the ISO-NE Tariff, the ISO-NE Operating Procedures (as defined in the ISO-NE Tariff), the ISO-NE Planning Procedures (as defined in the ISO-NE Tariff), the Transmission Operating Agreement (as defined in the ISO-NE Tariff), the Participants Agreement, the manuals, procedures and business process documents published by ISO-NE via its web site and/or by its e-mail distribution to appropriate NEPOOL participants and/or NEPOOL committees, as amended, superseded or restated from time to time.

  • HKIAC Rules shall have the meaning ascribed to it in Section 10.13(a).

  • JAMS Rules has the meaning assigned thereto in Section 13 hereof.