PARTNER STATUS. The Parties acknowledge and agree that solely for federal and state income tax purposes, BPFH LLC shall be considered a partner of Westfield LP until it has received the last payment to which it is entitled pursuant to Section 1.2(e) and shall not be treated as a partner for any other purpose or any other period.
Appears in 2 contracts
Sources: Redemption Agreement, Redemption Agreement (Boston Private Financial Holdings Inc)