Federal Income Tax Elections; Method of Depreciation. The Managing Member shall determine the method of depreciation to be utilized by the Company for tax purposes and all elections to be made by the Company for tax purposes. The Managing Member shall be the "tax matters partner" for all purposes of the Code but shall have no authority to bind any other Member without such Member's consent.
Federal Income Tax Elections; Method of Depreciation. The Board shall determine the method of depreciation to be utilized by the Company for tax purposes and all elections to be made by the Company for tax purposes. The Board shall designate a person to be responsible for tax matters for all purposes of the Code.
Federal Income Tax Elections; Method of Depreciation. The General Partner shall determine the method of depreciation to be utilized by the Partnership for tax purposes and all elections to be made by the Partnership for tax purposes. The General Partner shall be the “tax matters partner” for all purposes of the Code.
