Common use of Status of the Partnership Clause in Contracts

Status of the Partnership. The Partners acknowledge that the Partnership is a partnership for federal, foreign and state income tax purposes, and hereby agree not to elect to be excluded from the application of Subchapter K of Chapter 1 of Subtitle A of the Code or any similar state statute.

Status of the Partnership. The Partners acknowledge that the Partnership is a partnership for federal, foreign and state income tax purposes, and hereby agree not to elect to be excluded from the application of Subchapter subchapter K of Chapter chapter 1 of Subtitle subtitle A of the Code or any similar state statute.

Status of the Partnership. The Partners acknowledge that the Partnership is this Agreement creates a partnership for federal, foreign federal and state income tax purposes, and hereby agree not to elect to be excluded from the application of Subchapter K of Chapter 1 of Subtitle A of the Code or any similar state statute.

Status of the Partnership. The Partners acknowledge that the Partnership is this Agreement creates a partnership for federal, foreign federal and state income tax purposes, and hereby agree not to elect to be excluded from the application of Subchapter K of Chapter 1 of Subtitle A of the Code or any similar state statutestatute and agrees not to elect to cause the Partnership to be treated as a corporation for federal or state income tax purposes.