Tax Effects. The Transfer of the interest shall not, to the reasonable satisfaction of the General Partner, cause the Partnership to (A) terminate within the meaning of Section 708 of the Code; (B) qualify as a “publicly traded partnership” within the meaning of Section 469(k), 512(c)(2) or 7704 of the Code; or (C) be classified for Federal income tax purposes as an association taxable as a corporation.
Appears in 1 contract
Tax Effects. The Transfer of the interest shall not, to the ----------- reasonable satisfaction of the General Partner, cause the Partnership to (A) terminate within the meaning of Section 708 of the Code; (B) qualify as a “"publicly traded partnership” " within the meaning of Section 469(k), 512(c)(2) or 7704 of the Code; or (C) be classified for Federal income tax purposes as an association taxable as a corporation.
Appears in 1 contract
Samples: Partnership Agreement (Switzerland County Development Corp)
Tax Effects. The Transfer of the interest shall not, to the ----------- reasonable satisfaction of the General Partner, cause the Partnership to (A) terminate within the meaning of Section 708 of the Code; (B) qualify as a “"publicly traded partnership” " within the meaning of Section 469(k), 512(c)(2) or 7704 of the Code; or (C) be classified for Federal income tax purposes as an association taxable as a corporation.
Appears in 1 contract
Samples: Partnership Agreement (Hollywood Park Fall Operating Co)
Tax Effects. The Transfer of the interest shall not, to the ----------- reasonable satisfaction of the General Partner, cause the Partnership to (A) terminate within the meaning of Section 708 of the Code; (B) qualify as a “"publicly traded partnership” " within the meaning of Section 469(k), 512(c)(2) or 7704 of the Code; or (C) be classified for Federal income tax purposes as an association taxable as a corporation.
Appears in 1 contract
Samples: Agreement (Hollywood Park Inc/New/)
