Common use of Request for Administrative Adjustment Clause in Contracts

Request for Administrative Adjustment. No Party shall file pursuant to Code §6227 a request for an administrative adjustment of partnership items without first notifying all other Parties. If all other Parties agree with the requested adjustment, the TMP shall file the request on behalf of the Partnership. If unanimous consent is not obtained within thirty (30) days from such notice, or within the period required to timely file the request, if shorter, any Party, including the TMP, may file a request for administrative adjustment on its own behalf.

Request for Administrative Adjustment. No Party shall file a request pursuant to Code §section 6227 a request for an administrative adjustment of partnership items for any Partnership taxable year without first notifying all other Parties. If all other Parties agree with the requested adjustment, the TMP shall file the request for administrative adjustment on behalf of the Partnership. If unanimous consent is not obtained within thirty (30) 30 days from such notice, or within the period required to timely file the requestrequest for administrative adjustment, if shorter, any Party, including the TMP, may file a request for administrative adjustment on its own behalf.

Request for Administrative Adjustment. No Party shall file pursuant to Code §6227 ss.6227 a request for an administrative adjustment of partnership items without first notifying all other Partiesparties. If all other Parties agree with the requested adjustment, the TMP shall file the request on behalf of the Partnership. If unanimous consent is not obtained within thirty (30) days from such notice, or within the period required to timely file the request, if shorter, any Party, including the TMP, may file a request for administrative adjustment on its own behalf.