Examples of Tax Matters Member in a sentence

The Managing Member shall act as the Tax Matters Member of the Fund within the meaning of Code section 6231(a)(7) and in any similar capacity under applicable state or local tax law.
The Tax Matters Member shall have the authority, following consultation with the Initial Member, to make any tax elections on behalf of the Company permitted to be made, including the election pursuant to Section 754, under any section of the Code or the Treasury Regulations promulgated thereunder or under other Laws.
The Tax Matters Member is authorized to adopt any convention or combination of conventions likely to be upheld for federal income tax purposes regarding the allocation of items of Company income, gain, loss, deduction and expense with respect to a transferred LLC Interest.
Without limitation of the foregoing, the Manager shall cooperate with the Tax Matters Member in all respects as reasonably requested by the Tax Matters Member, from time to time, in connection with the Tax Matters Member’s performance of its obligations under this Agreement.
All matters concerning the computation of Capital Accounts, the allocation of items of Company income, gain, loss, deduction and expense and the adoption of any accounting procedures not expressly provided for by the terms of this Agreement shall be determined by the Tax Matters Member in good faith, following consultation with the Initial Member.

More Definitions of Tax Matters Member

Tax Matters Member means the “tax matters partner” as defined in Section 6231(a)(7) of the Code.

Tax Matters Member has the meaning set forth in Section 7.4 of this Agreement.

Tax Matters Member has the meaning set forth in Section 8.1.

Tax Matters Member has the meaning set forth in Section 7.3 hereof.

Tax Matters Member is defined in Section 10.1(a).

Tax Matters Member has the meaning given such term in Section 10.03.

Tax Matters Member shall have the meaning assigned to such term in Section 5.11.