Partnership Representative definition

Partnership Representative has the meaning set forth in Section 9.03.

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Partnership Representative has the meaning set forth in Section 5.2(a).

Partnership Representative. The meaning specified in Section 7.17(l).

Examples of Partnership Representative in a sentence

• If the Partnership Representative is replaced pursuant to Section 5.11(a), the outgoing Partnership Representative shall take all actions required by the Partnership Tax Audit Rules to revoke or resign its prior designation as the Partnership Representative.

• Any person who serves as Partnership Representative shall not be liable to the Company or any Member for any action it takes or fails to take in such capacity, unless such action or failure to act constitutes bad faith, willful misconduct, gross negligence, fraud or a material breach of this Agreement.

• Nothing herein shall be construed to restrict the Company from engaging an accounting firm to assist the Partnership Representative in discharging its duties hereunder, so long as the compensation paid by the Company for such services is reasonable.

• The Partnership Representative is authorized and directed to execute and file the Safe Harbor Election on behalf of the Company and the Members.

• The Members shall have no right to participate in any Tax Audit, unless the Partnership Representative gives its written consent otherwise.

More Definitions of Partnership Representative

Partnership Representative is defined in Section 9.9(a).

Partnership Representative means the “partnership representative” as defined in Section 6223 of the Code after amendment by P.L. 114-74.

Partnership Representative has the meaning assigned to such term in Section 7.4(a).

Partnership Representative shall have the meaning assigned to such term in Section 2.11(b).

Partnership Representative means the Sponsor or any successor in its capacity as the “partnership representative” within the meaning of Section 6223 of the Code (and any similar provisions under any applicable state or local or foreign tax laws).

Partnership Representative has the meaning set forth in Section 6223 of the Code, as amended by the BBA.

Partnership Representative shall have the meaning set forth in Section 7.9.4.