Common use of State and Local Tax Law Clause in Contracts

State and Local Tax Law. If any state or local tax law provides for a tax matters partner or Person having similar rights, powers, authority or obligations, the General Partner shall also serve in such capacity. In all other cases, the General Partner shall represent the Partnership in all tax matters to the extent allowed by law and to the maximum extent not prohibited by law.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Regency Centers Corp), Limited Partnership Agreement (Regency Centers Corp)

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State and Local Tax Law. If any state or local tax law provides for a tax matters partner or Person having similar rights, powers, authority or obligations, the General Tax Matters Partner shall also serve in such capacity. In all other cases, the General Tax Matters Partner shall represent the Partnership Company in all tax matters to the extent allowed by law and to the maximum extent not prohibited by law.

Appears in 1 contract

Samples: Limited Liability Company Agreement

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State and Local Tax Law. If any state or local tax law provides for a tax matters partner or Person person having similar rights, powers, authority or obligations, the General Partner shall also serve in such capacity. In all other cases, the General Partner shall represent the Partnership in all tax matters to the extent allowed by law and to the maximum extent not prohibited by law.

Appears in 1 contract

Samples: Homer City Generation, L.P.

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