Right to Make Section 754 Election. The TMM may make an election under Section 754 of the Code to the extent requested by any Member. Each Member shall, upon request of the TMM, at such Member's cost, promptly supply the TMM information reasonably necessary to give effect to such election.
Appears in 6 contracts
Sources: Limited Liability Company Agreement (United Auto Group Inc), Limited Liability Company Agreement (United Auto Group Inc), Limited Liability Company Agreement (HBL LLC)
Right to Make Section 754 Election. The TMM may make an election under Section 754 of the Code to the extent requested by any Member. Each Member shall, upon request of the TMM, at such Member's ’s cost, promptly supply the TMM information reasonably necessary to give effect to such election.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Penske Automotive Group, Inc.)