Examples of PECO Member in a sentence
Neither PECO Member nor any of its Affiliates makes any representation or warranty, express or implied, with respect to the use of the names “Xxxxxxxx Xxxxxx” or “PECO” or any derivations thereof (including, without limitation, as to whether the use of the name “Xxxxxxxx Xxxxxx” or “PECO” or any derivations thereof will be free from infringement of the intellectual property rights of third parties).
Subject to any applicable confidentiality restrictions prohibiting the same, PECO Member shall deliver an annual report to Investor Member reflecting the following information with respect to any New Leases entered into by a PECO Control Group member during such applicable period at a Competing Building: (i) name of the tenant and (ii) location of the Competing Building.
Necessity Retail Partners is managed by the PECO Member and is required to pay certain fees to the PECO Member related to acquiring, financing, and managing properties for Necessity Retail Partners.
In the event Investor Member requests additional economic or square footage information about a particular New Lease, PECO Member shall provide it, subject to any applicable confidentiality, contractual, legal or fiduciary restrictions prohibiting or limiting same.
To the extent permitted by law, PECO Member shall have the right to participate in any meeting, conference, audit or other proceeding with the Internal Revenue Service (or other applicable tax authority).
The Company and the Members acknowledge and agree that PECO Member’s interest in the Company (including the Promote) is intended to and shall constitute a “profits interest” within the meaning of Internal Revenue Service Revenue Procedure 93-27, 1993-2 C.B. 343, as modified by Internal Revenue Service Revenue Procedure 2001-43, 2001-2 C.B. 191, and that the Company shall treat PECO Member as a partner of the partnership (i.e., the Company) for federal income tax purposes with respect to such interest.
Solely for purposes of making such safe harbor election, PECO Member is hereby designated as the “partner who has responsibility for U.S. federal income tax reporting” by the Company and, accordingly, execution of such safe harbor election by PECO Member constitutes execution of a “safe harbor election” in accordance with Section 3.03(1) of the IRS Notice.
The Members hereby appoint PECO Member as the Manager of the Company.
If PECO Member is removed as Manager, any replacement Manager may be removed by the Approval of the Members pursuant to subclauses (i) and (iii) of the preceding sentence.
Emergency information obtained from the Seabrook Station EOF and the State Emergency Operations Centers will be coordinated by utility and state personnel at the Joint Information Center.