Common use of Partnership for Tax Purposes Clause in Contracts

Partnership for Tax Purposes. Unless otherwise required by applicable law, the Members hereby agree that the Company shall be treated as a partnership for tax purposes under U.S. federal, state and local income tax laws or other laws, and further agree not to take any position or any action or to make any election, in a tax return or otherwise, inconsistent herewith.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Operating Agreement (Bluerock Residential Growth REIT, Inc.)

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Partnership for Tax Purposes. Unless otherwise required by applicable law, the The Members hereby agree that the Company shall be treated as a partnership for tax purposes under U.S. United States federal, state and local income tax laws or other laws, and further agree not to take any position or any action or to make any election, in a tax return or otherwise, inconsistent herewith. Neither the Company nor any Member shall elect to treat the Company as an association taxable as a corporation without the prior affirmative vote or unanimous written consent of all of the Investors.

Appears in 2 contracts

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

Partnership for Tax Purposes. Unless otherwise required by applicable law, the The Members hereby agree that the Company shall be treated as a partnership for tax purposes under U.S. federal, state and local income tax laws or other laws, and further agree not to take any position or any action or to make any election, in a tax return or otherwise, inconsistent herewiththerewith.

Appears in 1 contract

Samples: Limited Liability Company Agreement (American Homes 4 Rent)

Partnership for Tax Purposes. Unless otherwise required by applicable law, the The Members hereby agree that it is their intention that the Company shall be treated as a partnership for tax purposes under U.S. of United States federal, state and local income tax laws or other laws, and further agree not to take any position or any action or to make any election, in a tax return or otherwise, inconsistent herewith. In furtherance of the foregoing, the Company will file as a partnership for United States federal income tax purposes.

Appears in 1 contract

Samples: Company Agreement (Eagle Ford Oil & Gas Corp)

Partnership for Tax Purposes. Unless otherwise required by applicable law, the The Members hereby agree that the Company shall be treated as a partnership for tax purposes under U.S. United States federal, state and local income tax laws or other laws, and further agree not to take any position or any action or to make any election, in a tax return or otherwise, inconsistent herewith.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Express Parent LLC)

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Partnership for Tax Purposes. Unless otherwise required by applicable law, the The Members hereby agree that the Company shall be treated as a partnership for tax purposes under U.S. the United States federal, state and local income tax laws or other laws, and further agree not to take any position or any action or to make any election, in a tax return or otherwise, inconsistent herewith.,

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cytogen Corp)

Partnership for Tax Purposes. Unless otherwise required by applicable law, Each Member agrees that it is the intention of the Members hereby agree that the Company shall will be treated as a partnership for tax purposes under U.S. federal, state and local federal income tax laws or other laws, and further purposes. The Members agree not to that neither the Company nor any Members shall take any position action pursuant to applicable Treasury regulations under Section 7704 of the Code or any action or to make any election, in otherwise that is inconsistent with the treatment of the Company as a partnership for U.S. federal income tax return or otherwise, inconsistent herewithpurposes.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Orgenesis Inc.)

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