Revised Partnership Audit Procedures definition

Revised Partnership Audit Procedures means the provisions of Subchapter C of Subtitle A, Chapter 63 of the Code, as amended by P.L. 114-74, the Bipartisan Budget Act of 2015 (together with any subsequent amendments thereto, Treasury Regulations promulgated thereunder, and published administrative interpretations thereof).

Revised Partnership Audit Procedures means the provisions of Subchapter C of Subtitle A, in chapter 63 of the IRC, as amended by P.L.114-74, the Bipartisan Budget Act of 2015 (together with any subsequent amendments thereto, Regulations promulgated thereunder, and published administrative interpretations thereof) or any similar procedures established by a state or local taxing authority.

Revised Partnership Audit Procedures has the meaning set forth in Section 10.05(a).

Examples of Revised Partnership Audit Procedures in a sentence

• Members shall take such actions requested by the Partnership Representative consistent with any such elections made and actions requested by the Partnership Representative, including by filing amended tax returns and paying any tax due in accordance with Code Section 6225(c)(2), as amended by the Revised Partnership Audit Procedures.

• Subject to the foregoing, the Partners agree to cooperate in good faith to timely provide information reasonably requested by the Partnership Representative as needed to comply with the Revised Partnership Audit Procedures, including without limitation to make (and take full advantage of) any elections available to the Partnership under such procedures.

• To the extent that a portion of the tax liabilities imposed under Code Section 6225, as amended by the Revised Partnership Audit Procedures, for a prior year relates to a former Member, the Partnership Representative may require a former Member to indemnify the Company for its allocable portion of such liability.

• The Partners covenant to take into account and report to the Internal Revenue Service any adjustment to their items for the reviewed year as notified to them by the Company in a statement furnished to them pursuant to Code Section 6226(a), as amended by the Revised Partnership Audit Procedures, in the manner provided in Code Section 6226(b), as amended by the Revised Partnership Audit Procedures, whether or not any of the Members own any Membership Interest in the year of the Company’s statement.

• This FuturesAccess Fund shall make any payments it may be required to make under the Revised Partnership Audit Procedures and, in the Tax Matters Representative’s reasonable discretion, allocate any such payment among the current or former Investors for the “reviewed year” to which the payment relates in a manner that reflects the current or former Investors’ respective interests in this FuturesAccess Fund for that year and any other factors taken into account in determining the amount of the payment.

More Definitions of Revised Partnership Audit Procedures

Revised Partnership Audit Procedures means Code Sections 6221 through 6241, as amended by the Bipartisan Budget Act of 2015, as such sections may be subsequently amended, and including any Treasury Regulations or other administrative guidance promulgated thereunder.

Revised Partnership Audit Procedures means the provisions of Subchapter C of Subtitle F, Chapter 63 of the Code, as amended by P.L. 114-74, the Bipartisan Budget Act of 2015 (together with any subsequent amendments thereto including amendments made by P.L. 114-113, the Consolidated Appropriations Act of 2015), Treasury Regulations promulgated thereunder, and published administrative interpretations thereof, and any similar procedures established by a state, local or non-U.S. taxing authority.

Revised Partnership Audit Procedures has the meaning set forth in Section 7.5.

Revised Partnership Audit Procedures means the provisions of Subchapter C of Chapter 63 of Subtitle F of the Code, as amended by the Bipartisan Budget Act of 2015, P.L. 114-74, and the Consolidated Appropriations Act, 2018, P.L. 115-141 (together with any subsequent amendments thereto, Treasury Regulations promulgated thereunder and published administrative interpretations thereof). “R&W Insurance Policy” means a buyer-side representation and warranty insurance policy or policies to be issued by the R&W Insurer to Buyer in accordance with the binder agreement or agreements dated as of the date hereof, naming Buyer as an insured providing coverage for certain Losses incurred by the Buyer Indemnified Parties with respect to this Agreement, subject to the terms and conditions set forth in the R&W Insurance Policy. “R&W Insurance Policy Costs” means the premium, underwriting fees, due diligence expenses and any other upfront fees paid out to the applicable underwriter, insurer or insurance broker with respect to the R&W Insurance Policy. “R&W Insurer” means the insurance carrier or carriers under the R&W Insurance Policy. “Xxxxxxxx-Xxxxx Act” means the Xxxxxxxx-Xxxxx Act of 2002, as amended. “SEC” means the United States Securities and Exchange Commission. “Security Rights” means, with respect to any Company Security or Subsidiary Security, any option, warrant, subscription right, preemptive right, other right, proxy, put, call, demand, plan, commitment, agreement, understanding or arrangement of any kind relating to such security, whether issued or unissued, or any other security convertible into or exchangeable for any such security, and includes any right relating to the issuance, sale, assignment, transfer, purchase, redemption, conversion, exchange, registration or voting and rights conferred by any Law, the Company’s or any of its Subsidiaries’ Organizational Documents or by agreement. “Senior Employees” means any of the following employees of the Company and its Subsidiaries: the CEO, any person directly reporting to the CEO (“Tier 1 Employees”), and any person directly reporting to Tier 1 Employees (“Tier 2 Employees”). “Services” is defined in Section 2.15(c). “Software” means any and all (i) computer programs, including any and all software implementations of algorithms, models and methodologies, whether in source code or object code, (ii) databases and compilations, including any and all data and collections of data, whether machine readable or otherwise, (iii) descriptions, flow-chart...

Revised Partnership Audit Procedures means Subchapter C of Subtitle A, Chapter 63 of the Code, as amended by the Bipartisan Budget Act of 2015, P.L. 114 74, together with any subsequent amendments thereto, Treasury Regulations promulgated thereunder, and published administrative interpretations thereof. “Sales Tax Adjustment” means $500,000.

Revised Partnership Audit Procedures means the provisions of Subchapter C of Subtitle A, Chapter 63 of the Code, as amended by P.L. 114-74, the Bipartisan Budget Act of 2015 (together with any subsequent amendments thereto, Treasury Regulations promulgated thereunder, and published administrative interpretations thereof). “Sales Proceeds” has the meaning set forth in Section 4.06. “Securities Act” means the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. “September Amendment” means the amendment to the Previous Agreement, dated as of September 1, 2017, as such amendment may be amended from time to time in accordance with its terms. - 16 - 737868395

Revised Partnership Audit Procedures means the provisions of Subchapter C of Subtitle F, Chapter 63 of the Code, as amended by P.L. 114-74, the Bipartisan Budget Act of 2015 (together with any subsequent amendments thereto including