Classification as Fund Sample Clauses

Classification as Fund. The General Partner (a) will not cause or permit the Fund to elect (1) to be excluded from the provisions of Subchapter K of Chapter 1 of the Code or (2) to be treated as a corporation for federal income tax purposes or (3) to be treated as an “electing large partnership” as defined in Section 775 of the Code; (b) will cause the Fund to make any election reasonably determined to be necessary or appropriate in order to ensure the treatment of the Fund as a partnership for federal income tax purposes; (c) will cause the Fund to file any required tax returns in a manner consistent with its treatment as a partnership for federal income tax purposes; and (d) shall not take any action that would be inconsistent with the treatment of the Fund as a partnership for such purposes.