Common use of Entity Classification Clause in Contracts

Entity Classification. Neither the Company nor any Member shall file or cause to be filed any election, the effect of which would be to cause the Company to be classified as other than a partnership for federal income tax purposes, without the prior written consent of all Members.

Appears in 3 contracts

Sources: Operating Agreement (Ak Steel Holding Corp), Members Agreement (Ebs Building LLC), Members' Agreement (Stratosphere Corp)

Entity Classification. Neither the Company nor any Member shall --------------------- file or cause to be filed any election, the effect of which would be to cause the Company to be classified as other than a partnership for federal income tax purposes, without the prior written consent of all Members.

Appears in 2 contracts

Sources: Members Agreement (Ebs Litigation LLC), Members Agreement (Ebs Pension LLC)