Common use of No State-Law Partnership Clause in Contracts

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.07, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 53 contracts

Samples: Joinder Agreement (Foresight Acquisition Corp.), Limited Liability Company Agreement (Solo Brands, Inc.), Registration Rights Agreement (Inflection Point Acquisition Corp.)

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No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.07, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 17 contracts

Samples: Limited Liability Company Agreement (EVO Payments, Inc.), Limited Liability Company Agreement (Acreage Holdings, Inc.), Limited Liability Company Agreement (Acreage Holdings, Inc.)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.07, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, (and applicable state or local and local) income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 15 contracts

Samples: Limited Liability Company Agreement (Amneal Pharmaceuticals, Inc.), Limited Liability Company Agreement (Centennial Resource Development, Inc.), Limited Liability Company Agreement (Amneal Pharmaceuticals, Inc.)

No State-Law Partnership. (a) The Members intend that the Company shall not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member or Officer shall be a partner or joint venturer of any other Member or Officer by virtue of this Agreement, for any purposes other than as is set forth in the last sentence of this Section 2.072.7(a), and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall not be construed to suggest otherwisethe contrary. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member Member, Assignee and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 13 contracts

Samples: Limited Liability Company Agreement (DynaVox Inc.), Operating Agreement (Truett-Hurst, Inc.), Limited Liability Company Agreement (FXCM Inc.)

No State-Law Partnership. The Members Unitholders intend that the Company not be a partnership (including, without limitation, a limited partnership) or joint venture, and that no Member Unitholder be a partner or joint venturer of any other Member Unitholder by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.072.7, and neither this Agreement nor any other document entered into by the Company or any Member Unitholder relating to the subject matter hereof shall be construed to suggest otherwise. The Members Unitholders intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax Tax purposes, and that each Member Unitholder and the Company shall file all tax Tax returns and shall otherwise take all tax Tax and financial reporting positions in a manner consistent with such treatment.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Carvana Co.), Limited Liability Company Agreement (Carvana Co.), Limited Liability Company Agreement (Carvana Co.)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.072.7, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Bakkt Holdings, Inc.), Limited Liability Company Agreement (VictoryBase Corp), Limited Liability Company Agreement (VPC Impact Acquisition Holdings)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, a limited partnership) or joint venture, and that no Member Holder or Director be a partner or joint venturer of any other Member by virtue of this AgreementHolder or Director, for any purposes other than as set forth in the last sentence of this Section 2.07federal and, if applicable, state tax purposes, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall not be construed to suggest otherwise. The Unless otherwise determined by the Tax Matters Member pursuant to Section 8.2(b), the Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member Holder and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 6 contracts

Samples: Operating Agreement (Officemax Inc), Operating Agreement (Boise Cascade Holdings, L.L.C.), Operating Agreement (Boise Cascade Holdings, L.L.C.)

No State-Law Partnership. The Members Unitholders intend that the Company not be a partnership (including, without limitation, a limited partnership) or joint venture, and that no Member Unitholder be a partner or joint venturer of any other Member Unitholder by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.072.7, and neither this Agreement nor any other document entered into by the Company or any Member Unitholder relating to the subject matter hereof shall be construed to suggest otherwise. The Members Unitholders intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or and local income tax Tax purposes, and that each Member Unitholder and the Company shall file all tax Tax returns and shall otherwise take all tax Tax and financial reporting positions in a manner consistent with such treatment.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Powerschool Holdings, Inc.), Limited Liability Company Agreement (Allvue Systems Holdings, Inc.), Limited Liability Company Agreement (Real Good Food Company, Inc.)

No State-Law Partnership. The Members Unitholders intend that the Company not be a partnership (including, without limitation, a limited partnership) or joint venture, and that no Member Unitholder be a partner or joint venturer of any other Member Unitholder by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.072.7, and neither this Agreement nor any other document entered into by the Company or any Member Unitholder relating to the subject matter hereof shall be construed to suggest otherwise. The Members Unitholders intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax Tax purposes, and that each Member Unitholder and the Company shall file all tax Tax returns and shall otherwise take all tax Tax and financial reporting positions in a manner consistent with such treatment.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Vivid Seats Inc.), Limited Liability Company Agreement (Vivid Seats Inc.), Limited Liability Company Agreement (Pinnacle Financial Partners Inc)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.072.7, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Vertex Energy Inc.), Limited Liability Company Agreement (Vertex Energy Inc.), Limited Liability Company Operating Agreement (Cig Wireless Corp.)

No State-Law Partnership. (a) The Members intend that the Company shall not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member or Officer shall be a partner or joint venturer of any other Member or Officer by virtue of this Agreement, for any purposes other than as is set forth in the last sentence of this Section 2.072.8(a), and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall not be construed to suggest otherwisethe contrary. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, as of the date Yield first becomes a Member, and that each Member Member, Assignee and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment. Neither the Company nor any Member shall take any action inconsistent with such treatment.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Clearway Energy, Inc.), Limited Liability Company Agreement (NRG Yield, Inc.), Limited Liability Company Agreement (Ub Fuel Cell, LLC)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitationbut not limited to, a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, Agreement (except for any tax purposes other than as set forth in the last next succeeding sentence of this Section 2.072.6), and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Walgreens Boots Alliance, Inc.), Limited Liability Company Agreement (Walgreens Boots Alliance, Inc.), Limited Liability Company Agreement (Walgreens Boots Alliance, Inc.)

No State-Law Partnership. The Members Unitholders intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member Unitholder be a partner or joint venturer of any other Member Unitholder by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.072.7, and neither this Agreement nor any other document entered into by the Company or any Member Unitholder relating to the subject matter hereof shall be construed to suggest otherwise. The Members Unitholders intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member Unitholder and the Company shall file all tax Tax returns and shall otherwise take all tax Tax and financial reporting positions in a manner consistent with such treatment.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (loanDepot, Inc.), Limited Liability Company Agreement (loanDepot, Inc.), Limited Liability Company Agreement (loanDepot, Inc.)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitationbut not limited to, a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, Agreement (except for any tax purposes other than as set forth in the last next succeeding sentence of this Section 2.072.7), and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 4 contracts

Samples: Operating Agreement (Dolan Media CO), Limited Liability Company Agreement, Securities Purchase Agreement (Nord Anglia Education, Inc.)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture), and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.07, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (BAKER HUGHES a GE Co LLC), Limited Liability Company Agreement (General Electric Co), Limited Liability Company Agreement (Baker Hughes a GE Co)

No State-Law Partnership. The Members intend that the Company shall not constitute or be treated as a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member or officer of the Company shall be a partner or joint venturer of any other Member by virtue of this Agreementor officer, for any purposes other than as set forth in the last sentence of this Section 2.07federal, and neither if applicable, state and local income tax purposes, and this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall not be construed to suggest otherwisethe contrary. The Notwithstanding the immediately preceding sentence, the Members intend that the Company shall be treated as a partnership for U.S. federal income tax and, if applicable, state or and local income tax purposes, and that each Member and the Company shall file all tax returns returns, and shall otherwise take all tax and financial reporting positions positions, in a manner consistent with such treatment.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (GoDaddy Inc.), Limited Liability Company Agreement (GoDaddy Inc.), Limited Liability Company Agreement (GoDaddy Inc.)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.07, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such this treatment.

Appears in 3 contracts

Samples: Operating Agreement (RMR Group Inc.), Operating Agreement (RMR Group Inc.), Operating Agreement (Reit Management & Research Inc.)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.072.7, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal Federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Mascoma Corp), Limited Liability Company Agreement (Darling International Inc), Limited Liability Company Agreement (Mascoma Corp)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.07, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment. ARTICLE III.

Appears in 2 contracts

Samples: Joinder Agreement (Neff Corp), Limited Liability Company Agreement (Neff Corp)

No State-Law Partnership. The Members intend It is the Board’s intent that the Company not be a partnership (including, without limitation, a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.072.5, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Q2Earth Inc.), Limited Liability Company Agreement (Q2Earth Inc.)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes purposes, other than as set forth in the last sentence of this Section 2.07, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (I3 Verticals, Inc.), Limited Liability Company Agreement (I3 Verticals, Inc.)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.07, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each . Each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such tax treatment.

Appears in 2 contracts

Samples: Operating Agreement (SciPlay Corp), Operating Agreement (SciPlay Corp)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.072.08, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as either an entity disregarded as separate from its owner or a partnership for U.S. federal and, if applicable, and all applicable state or and local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 2 contracts

Samples: Contribution Agreement (Goosehead Insurance, Inc.), Contribution Agreement (Goosehead Insurance, Inc.)

No State-Law Partnership. The Members Member(s) intend that the Company not be a partnership (including, without limitation, a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.07Member, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members As and to the extent permitted by the Code and the relevant Treasury Regulations, the Member(s) intend that the Company shall be treated as a partnership an entity disregarded as separate from the sole Member for U.S. federal and, if applicable, state or and local income tax purposes, and that each the sole Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (BioExpress, LLC), Limited Liability Company Agreement (BioExpress, LLC)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitationbut not limited to, a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, Agreement (except for any tax purposes other than as set forth in the last next succeeding sentence of this Section 2.072.8), and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.072.8, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Calavo Growers Inc), Limited Liability Company Agreement (Calavo Growers Inc)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.072.7, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax Tax purposes, and that each Member and the Company shall file all tax Tax returns and shall otherwise take all tax Tax and financial reporting positions in a manner consistent with such treatment.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Darling Ingredients Inc.), Limited Liability Company Agreement (Darling Ingredients Inc.)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture), and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section ‎Section 2.07, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Baker Hughes Inc), Limited Liability Company Agreement (Baker Hughes Holdings LLC)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitationbut not limited to, a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, Agreement (except for any tax purposes other than as set forth in the last next succeeding sentence of this Section 2.072.7), and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment; provided, however, that the Manager may in its sole discretion change the tax treatment of the Company, including to be taxed as a corporation.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Viroment Capital, LLC)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member be a partner or joint venturer venture of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.072.9, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.071.10, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 2 contracts

Samples: Operating Agreement (Thunder Bridge Acquisition II, LTD), Operating Agreement (Indie Semiconductor, Inc.)

No State-Law Partnership. The Members intend that the Company shall not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member shall be a partner or joint venturer of any other Member by virtue of this Agreement, in each case, for any purposes other than as set forth in the last sentence of this Section 2.07, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, (and applicable state or local and local) income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Tradeweb Markets Inc.), Limited Liability Company Agreement (Tradeweb Markets Inc.)

No State-Law Partnership. The Members Unitholders intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member Unitholder be a partner or joint venturer of any other Member Unitholder by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.072.7, and neither this Agreement nor any other document entered into by the Company or any Member Unitholder relating to the subject matter hereof shall be construed to suggest otherwise. The Members Unitholders intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member Unitholder and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.070, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 1 contract

Samples: Limited Liability Company Agreement (RE/MAX Holdings, Inc.)

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No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, a limited partnership) or joint venture), and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence two sentences of this Section 2.07, and neither 2.8. Neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof of this Agreement, including the Transaction Documents, shall be deemed or construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each . Each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 1 contract

Samples: Limited Liability Company Agreement (California Resources Corp)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.072.8, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or and local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 1 contract

Samples: Limited Liability Company Agreement (H-Cyte, Inc.)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.072.6, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 1 contract

Samples: Operating Agreement

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.072.09, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The So long as the Company has more than one Member, the Members intend that the Company shall be treated as a partnership for U.S. federal and, if as applicable, state or and local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 1 contract

Samples: Limited Liability Company Agreement (GNC Holdings, Inc.)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.07, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment. ARTICLE III.

Appears in 1 contract

Samples: Operating Agreement (Wolverine Partners Corp.)

No State-Law Partnership. The Members intend that the Company shall not be a partnership (including, without limitation, including a general or limited partnership) or or, in any jurisdiction in which a joint venture may be considered a partnership, a joint venture, and that no Member shall be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.07federal and, if applicable, state tax purposes, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Keystone Property Trust)

No State-Law Partnership. The Except for tax purposes as set forth in the next succeeding sentence of this Section 2.7, the Members intend that the Company not be a partnership (including, without limitationbut not limited to, a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.07, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Dolan Media CO)

No State-Law Partnership. The Company and the Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.07, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, (and applicable state or local and local) income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Liberty Tax, Inc.)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.071.8, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 1 contract

Samples: Operating Agreement (Good Times Restaurants Inc)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.07SECTION 1.7, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Norcross Capital Corp)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture), and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence two sentences of this Section 2.07, and neither 2.8. Neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof of this Agreement, including the Transaction Documents, shall be deemed or construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each . Each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Nuvve Holding Corp.)

No State-Law Partnership. The Members intend that the Company LLC not be a partnership (including, without limitation, a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.071.6, and neither this Agreement nor any other document entered into by the Company LLC or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company LLC shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company LLC shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Level Brands, Inc.)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.07, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.treatment.‌

Appears in 1 contract

Samples: Limited Liability Company Agreement

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreementthese Regulations, for any purposes other than as set forth in the last sentence of this Section 2.072.08, and neither this Agreement these Regulations nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as either an entity disregarded as separate from its owner or a partnership for U.S. federal and, if applicable, and all applicable state or and local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 1 contract

Samples: Contribution Agreement (Goosehead Insurance, Inc.)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.071.7, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Norcross Safety Products LLC)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.071.09, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or and local income tax purposes, and agree that each Member and the Company shall file all tax Tax returns and shall otherwise take all tax Tax and financial reporting positions in a manner consistent with such treatment.

Appears in 1 contract

Samples: Limited Liability Company Agreement

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.07, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.. US-DOCS\114008886.14

Appears in 1 contract

Samples: Limited Liability Company Agreement (Shift4 Payments, Inc.)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.07, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.treatment.‌ ARTICLE III.‌

Appears in 1 contract

Samples: Operating Agreement

No State-Law Partnership. The Members intend It is intended that the Company not be a partnership (including, without limitation, a limited partnership) or joint venture, and that no Member Holder or Director be a partner or joint venturer of any other Member by virtue of this AgreementHolder or Director, for any purposes other than as set forth in the last sentence of this Section 2.07federal and, if applicable, state tax purposes, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall not be construed to suggest otherwise. The Unless otherwise determined by the Tax Matters Member pursuant to Section 8.2(b), the Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member Holder and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 1 contract

Samples: Operating Agreement (Officemax Inc)

No State-Law Partnership. The Members intend that the Company LLC not be a partnership (including, without limitation, a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section 2.072.9, and neither this Agreement nor any other document entered into by the Company LLC or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company LLC shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company LLC shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Deep Down, Inc.)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, a limited partnership) or joint venture, and that no Member or Manager be a partner or joint venturer of any other Member by virtue of this Agreementor Manager, for any purposes other than as set forth in the last sentence of this Section 2.07federal and, if applicable, state income tax purposes, and neither this Agreement nor any other document entered into by the Company or any Member or Manager relating to the subject matter hereof of this Agreement shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 1 contract

Samples: Operating Agreement (Gse Systems Inc)

No State-Law Partnership. The Members intend that the Company not be a partnership (including, without limitation, including a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member by virtue of this Agreement, for any purposes other than as set forth in the last sentence of this Section LEGAL\41134311\10 2.07, and neither this Agreement nor any other document entered into by the Company or any Member relating to the subject matter hereof shall be construed to suggest otherwise. The Members intend that the Company shall be treated as a partnership for U.S. federal and, if applicable, state or local income tax purposes, and that each Member and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Acreage Holdings, Inc.)

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