Partnership Election definition

Partnership Election has the meaning provided in Clause 11.2;
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Partnership Election has the meaning set forth in Section 8.1 hereof.
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Partnership Election shall have the meaning ascribed to it in Section 7.13(b)(1).
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Examples of Partnership Election in a sentence

  • If the Board determines to cause the Company to make a Partnership Election, to the extent that the Company has Members that are subject to tax on UBTI, the Company shall use reasonable best efforts, based on advice of the Company’s tax advisers, to effect the Partnership Election and conduct the operations of the Company so as to not create a material amount of UBTI for those affected Members.

  • A failure of the MC Partners to provide a Partnership Election prior to the expiration of such thirty (30) day period shall be deemed to be an Opt Out Election.

  • Upon notification by any Investor that any Group Company should elect to be classified as a partnership or disregarded entity for U.S. federal income tax purposes (the “Partnership Election”), the Company shall make, or shall cause to be made, the “Partnership Election” by filing, or by causing to be filed, Internal Revenue Service Form 8832 (or any successor form), and the Company shall not permit the Partnership Election to be terminated or revoked without the written consent of the relevant Investor.

  • Here we propose a simpler approach, based on the above reduction of LCC into E PDL; and moreover they allow for better plan search methods.

  • Additionally, at any time, the Company or any of its Subsidiaries shall, if so requested by GCT, make an election to be classified as a partnership or a disregarded entity, as the case may be, for United States federal income tax purposes (a "Partnership Election") by filing an election on Internal Revenue Service Form 8832 (or any successor form), all of which elections shall be effective as of a date specified by GCT.

  • Upon notification by Xxxxxxx Sachs to the Company that the Company or one or more of its Subsidiaries should elect to be classified as partnerships or disregarded entities for United States federal income tax purposes (“Partnership Election”), the Company shall make, or shall cause to be made, the Partnership Election by filing, or by causing to be filed, Internal Revenue Service Form 8832.

  • The Company shall not permit the Partnership Election to be terminated or revoked without the written consent of the Holders.

  • True and correct copies of the election filed by the Company to elect to be treated as a "special partnership" (the "Special Partnership Election") under Subchapter K of Chapter 2 of Subtitle A of the Puerto Rico Internal Revenue Code of 1994, as amended (the "PR Code"), and the reply received from the Puerto Rico Treasury Department concerning such election.

  • Neither the Tax Partnership Election nor any tax partnership election pursuant to Section 7.04(b) creates or implies a general partnership between F&F and The9 or any other applicable parties for any purpose.

  • Where a valid Telesat Partnership Election is still required in order to receive Telesat Partnership Units as Transaction Consideration, it has been assumed that no such valid Telesat Partnership Election can be assured and as a result Telesat Public Shares will be issued as Transaction Consideration.


More Definitions of Partnership Election

Partnership Election or the "Assignment Election" (each as hereinafter defined), then the applicable provisions of this Article 18 shall apply; it being agreed that if AZIW makes neither the Nominee Election, the Partnership Election nor the Assignment Election, then the provisions of this Article 18 shall be deemed inapplicable and the Closing shall occur without reference to this Article 18.
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Related to Partnership Election

  • LCA Election has the meaning specified in Section 1.09(a).

  • Partnership Employee means an employee or other service provider of the Partnership or of a Subsidiary of the Partnership, if any, acting in such capacity.

  • Safe Harbor Election has the meaning set forth in Section 10.2(d).

  • Regular primary election means the election on the fourth Tuesday of June of

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • General Partner means the Company or its successors as general partner of the Partnership.

  • REIT means a real estate investment trust under Sections 856 through 860 of the Code.

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Partnership Unit Designation shall have the meaning set forth in Section 4.2.A hereof.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • Mixed Election has the meaning set forth in Section 3.01(b)(iii).

  • DCP means disclosure controls and procedures;

  • Primary election means any regular primary election held under the election

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Partnership has the meaning set forth in the preamble of this Agreement.

  • Stock Election shall have the meaning set forth in Section 3.2.2.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Section 385 Controlled Partnership has the meaning set forth in Treasury Regulation Section 1.385-1(c)(1) for a “controlled partnership”.

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • Exchange Election shall have the meaning specified in Section 14.12(a).

  • Statewide popular election means a general election in which votes are cast for

  • General Partner Interest means a Partnership Interest held by the General Partner, in its capacity as general partner. A General Partner Interest may be expressed as a number of Partnership Units.

  • General Partners means all such Persons.

  • Common Unitholder means a Member who is the registered holder of Common Units.

  • Partnership at will means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking.