Common use of Partnership Intended Solely for Tax Purposes Clause in Contracts

Partnership Intended Solely for Tax Purposes. The Members have formed the Company as a Delaware limited liability company under the Act, and do not intend to form a corporation or a general or limited partnership under Delaware or any other state law. The Members do not intend to be shareholders and/or partners to one another or to any third party. The Members intend the Company to be classified and treated as a partnership solely for federal and state income taxation purposes. Each Member agrees to act consistently with the foregoing provisions of this Section 10.03 for all purposes, including, without limitation, for purposes of reporting the transactions contemplated herein to the Internal Revenue Service and all state and local taxing authorities.

Appears in 9 contracts

Samples: Management Agreement, Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.), Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.)

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Partnership Intended Solely for Tax Purposes. The Members have formed the Company as a Delaware limited liability company under the Act, and do not intend to form a corporation or a general or limited partnership under Delaware or any other state law. The Members do not intend to be shareholders and/or partners to one another or to any third party. The Members intend the Company to be classified and treated as a partnership solely for federal and state income taxation purposes. Each Member agrees to act consistently with the foregoing provisions of this Section 10.03 for all purposes, including, without limitation, for purposes of reporting the transactions contemplated herein to the Internal Revenue Service and all state and local taxing authorities.. 10.04

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Pacific Oak Strategic Opportunity REIT, Inc.), Limited Liability Company Agreement

Partnership Intended Solely for Tax Purposes. The Members have formed the Company as a Delaware limited liability company under the Act, and do not intend to form a corporation or a general or limited partnership under Delaware or any other state law. The Members do not intend to be shareholders and/or partners to one another or to any third party. The Members intend the Company to be classified and treated as a partnership solely for federal and state income taxation purposes. Each Member agrees to act consistently with the foregoing provisions of this Section 10.03 Article for all purposes, including, without limitation, for purposes of reporting the transactions contemplated herein to the Internal Revenue Service and all any state and local taxing authorities.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Cbre LJM Mortgage Co LLC), Limited Liability Company Agreement (Cbre Holding Inc)

Partnership Intended Solely for Tax Purposes. The Members have formed the Company as a Delaware limited liability company under the Delaware Act, and do not intend to form a corporation or a general or limited partnership under Delaware Delaware, California or any other state law. The Members do not intend to be shareholders and/or partners to one another or to any third party. The Members intend the Company to be classified and treated as a partnership solely for federal and state income taxation purposes. Each Member agrees to act consistently with the foregoing provisions of this Section 10.03 10.15 for all purposes, including, without limitation, for purposes of reporting the transactions contemplated herein to the Internal Revenue Service and all state and local taxing authorities.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Colony American Homes, Inc.)

Partnership Intended Solely for Tax Purposes. The Members have formed the Company as a Delaware limited liability company under the Act, and do not intend to form a corporation or a general or limited partnership under Delaware or any other state law. The Members do not intend to be shareholders stockholders and/or partners to in one another or to any third partyanother. The Members intend the Company to be classified and treated as a partnership solely for federal and state income taxation purposes. Each Member member agrees to act consistently with the foregoing provisions of this Section 10.03 16.12 for all purposes, including, without limitation, for purposes of reporting the transactions contemplated herein to the Internal Revenue Service and all state and local taxing authorities.

Appears in 1 contract

Samples: Operating Agreement (Anworth Mortgage Asset Corp)

Partnership Intended Solely for Tax Purposes. The Members have formed the Company as a Delaware limited liability company under the Delaware Act, and do not intend to form a corporation or a general or limited partnership under Delaware California or any other state law. The Members do not intend to be shareholders and/or partners to one another or to any third party. The Members intend the Company to be classified and treated as a partnership solely for federal and state income taxation purposes. Each Member agrees to act consistently with the foregoing provisions of this Section 10.03 13.03 for all purposes, including, without limitation, for purposes of reporting the transactions contemplated herein to the Internal Revenue Service and all state and local taxing authorities.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Five Point Holdings, LLC)

Partnership Intended Solely for Tax Purposes. The Members have formed the Company as a Delaware limited liability company under the Delaware Act, and do not intend to form a corporation or a general or limited partnership under Delaware California or any other state law. The Members do not intend to be shareholders and/or partners to one another or to any third party. The Members intend the Company to be classified and treated as a partnership solely for federal and state income taxation purposes. Each Member agrees to act consistently with the foregoing provisions of this Section 10.03 11.05 for all purposes, including, without limitation, for purposes of reporting the transactions contemplated herein to the Internal Revenue Service and all state and local taxing authorities.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tejon Ranch Co)

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Partnership Intended Solely for Tax Purposes. The Members have formed the Company as a Delaware limited liability company under the Delaware Act, and do not intend to form a corporation or a general or limited partnership under Delaware California or any other state law. The Members do not intend to be shareholders and/or partners to one another or to any third party. The Members intend the Company to be classified and treated as a partnership solely for federal and state income taxation purposes. Each Member agrees to act consistently with the foregoing provisions of this Section 10.03 13.03 for all purposes, including, without limitation, for purposes of reporting the transactions contemplated herein to the Internal Revenue Service and all state and local taxing authorities.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tejon Ranch Co)

Partnership Intended Solely for Tax Purposes. The Members have formed the Company as a Delaware limited liability company under the Act, Act and do not intend to form a corporation or a general or limited partnership under Delaware Delaware, Massachusetts or any other state law. The Members do not intend to be shareholders and/or partners to one another or to any third party. The Members intend the Company to be classified and treated as a partnership solely for federal and state income taxation purposes. Each Member agrees to act consistently with the foregoing provisions of this Section 10.03 13.05 for all purposes, including, without limitation, for purposes of reporting the transactions contemplated herein to the United States Internal Revenue Service and all state and local taxing authorities. A Majority Interest may rely upon the advice of the accountants retained by the Company as to the availability and effect of all such elections for tax purposes.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Med Diversified Inc)

Partnership Intended Solely for Tax Purposes. The Members have formed the Company as a Delaware limited liability company under the Delaware Act, and do not intend to form a corporation or a general or limited partnership under Delaware or any other state law. The Members do not intend to be shareholders and/or partners to one another or to any third party. The Members intend the Company to be classified and treated as a partnership solely for federal and state income taxation purposes. Each Member agrees to act consistently with the foregoing provisions of this Section 10.03 10.04 for all purposes, including, without limitation, for purposes of reporting the transactions contemplated herein to the Internal Revenue Service and all state and local taxing authorities.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CBD Holdings Finance Inc.)

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