Common use of Section 754 Elections Clause in Contracts

Section 754 Elections. If, at any point, any Subsidiary of Buyer that is a Partnership does not have a Section 754 Election in effect, Buyer shall cause such Subsidiary of Buyer to make a valid Section 754 Election at the time that such Subsidiary files its Tax Return for such Taxable Year.

Appears in 3 contracts

Sources: Tax Receivable Agreement (Cloud Peak Energy Inc.), Tax Receivable Agreement (Cloud Peak Energy Inc.), Tax Receivable Agreement (Cloud Peak Energy Inc.)