Other Tax Elections. Except as provided in Section 17.c hereof, relating to the tax classification of the Company, the Board of Managers may make, or not make, in its sole and absolute discretion, any tax election provided under the Code, or any provision of state, local or foreign tax law. Any determination made pursuant to this Section 17.d by the Board of Managers shall be conclusive and binding on the Member
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Energy XXI Gulf Coast, Inc.), Limited Liability Company Agreement (Energy XXI Gulf Coast, Inc.), Limited Liability Company Agreement (Energy XXI Texas Onshore, LLC)
Other Tax Elections. Except as provided in Section 17.c 16.c hereof, relating to the tax classification of the Company, the Board of Managers may make, or not make, in its sole and absolute discretion, any tax election provided under the Code, or any provision of state, local or foreign tax law. Any determination made pursuant to this Section 17.d 16.d by the Board of Managers shall be conclusive and binding on the Member.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Energy XXI Gulf Coast, Inc.), Limited Liability Company Agreement (Energy XXI Gulf Coast, Inc.), Limited Liability Company Agreement (Energy XXI Gulf Coast, Inc.)
Other Tax Elections. Except as provided in Section 17.c 16.c hereof, relating to the tax classification of the Company, the Board of Managers may make, or not make, in its sole and absolute discretion, any tax election provided under the Code, or any provision of state, local or foreign tax law. Any determination made pursuant to this Section 17.d 16.d by the Board of Managers shall be conclusive and binding on the Member
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Energy XXI Gulf Coast, Inc.), Limited Liability Company Agreement (Energy XXI Onshore, LLC)
