Common use of Partnership Classification Clause in Contracts

Partnership Classification. It is intended that the Fund will be treated as a partnership for federal income tax purposes and for purposes of the tax laws of the State of Delaware, the Commonwealth of Massachusetts and other jurisdictions. Each Shareholder agrees to take any action requested by the Manager that may be desirable to ensure that the Fund is so treated. Neither the Fund nor any Shareholder shall take any action that is inconsistent with such treatment. The Manager shall cause the preparation and timely filing of all Fund tax returns and shall file all other filings required by any tax authority having jurisdiction to require such filings.

Partnership Classification. It is intended that the Fund will be treated as a partnership for federal income tax purposes and for purposes of the tax laws of the State of Delaware, the Commonwealth of Massachusetts and other jurisdictions. Each Shareholder agrees to take any action requested by the Manager that may be desirable to ensure that the Fund is so treated. Neither the Fund nor any Shareholder shall take any action that is inconsistent with such treatment. The Manager shall cause the preparation and timely filing of all Fund tax returns and shall file all other filings writings required by any tax authority having jurisdiction to require such filings.