Common use of Tax Elections Clause in Contracts

Tax Elections. (a) The Partnership shall make the election under Section 754 of the Code in accordance with applicable regulations thereunder, subject to the reservation of the right to seek to revoke any such election upon the General Partner's determination that such revocation is in the best interests of the Limited Partners.

Appears in 22 contracts

Samples: Plains All American Pipeline Lp, Plains All American Pipeline Lp, Contribution Agreement (Atlas Pipeline Partners Lp)

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Tax Elections. (a) The Partnership shall make the election under Section 754 of the Code in accordance with applicable regulations thereunder, subject to the reservation of the right to seek to revoke any such election upon the General Partner's ’s determination that such revocation is in the best interests of the Limited Partners.

Appears in 17 contracts

Samples: Limited Partnership Agreement (Plains Gp Holdings Lp), Limited Partnership Agreement (Plains Gp Holdings Lp), Registration Rights Agreement (Plains Gp Holdings Lp)

Tax Elections. (a) The To the extent applicable for federal income tax purposes, the Partnership shall make the election under Section 754 of the Code in accordance with applicable regulations thereunder, subject to the reservation of the right to seek to revoke any such election upon the General Partner's determination that such revocation is in the best interests of the Limited Partners.

Appears in 14 contracts

Samples: Agreement (Crosstex Energy Lp), Crosstex Energy Lp, Martin Midstream Partners Lp

Tax Elections. (a) The Partnership shall make the election under Section 754 of the Code Election in accordance with applicable regulations thereunder, subject to the reservation of the right to seek to revoke any such election upon the General Partner's determination that such revocation is in the best interests of the Limited Partners.

Appears in 4 contracts

Samples: Agreement (Amerigas Partners Lp), Agreement (Ap Eagle Finance Corp), Amerigas Partners Lp

Tax Elections. (a) The Partnership shall make the election under Section 754 of the Code in accordance with applicable regulations thereunder, subject to the reservation of the right to seek to revoke any such election upon the Managing General Partner's determination that such revocation is in the best interests of the Limited Partners.

Appears in 4 contracts

Samples: Alliance Resource Partners Lp, Alliance Resource Partners Lp, Cornerstone Propane Partners Lp

Tax Elections. (a) The Partnership shall make has made the election under Section 754 of the Code in accordance with applicable regulations thereunder, subject to the reservation of the right to seek to revoke any such election upon the General Partner's determination that such revocation is in the best interests of the Limited Partners.

Appears in 3 contracts

Samples: Genesis Energy Lp, Genesis Energy Lp, Genesis Energy Lp

Tax Elections. (a) The Partnership shall make the election under Section 754 of the Code Election in accordance with applicable regulations thereunder, subject to the reservation of the right to seek to revoke any such election upon the General Partner's ’s determination that such revocation is in the best interests of the Limited Partners.

Appears in 2 contracts

Samples: Conveyance and Contribution Agreement (Amerigas Partners Lp), Conveyance and Contribution Agreement (Amerigas Partners Lp)

Tax Elections. (a) The Partnership shall make the election under Section 754 of the Code in accordance with applicable regulations thereunder, subject to the reservation of the right to seek to revoke any such election upon the General Partner's ’s determination that such revocation is in the best interests of the Limited PartnersPartner.

Appears in 2 contracts

Samples: Reorganization Agreement (Enterprise Products Partners L P), Reorganization Agreement (Enterprise Products Partners L P)

Tax Elections. (a) The Partnership shall make has made the election under Section 754 of the Code in accordance with applicable regulations thereunder, subject to the reservation of the right to seek to revoke any such election upon the General Partner's Board of Supervisors' determination that such revocation is in the best interests of the Limited Partners.Limited

Appears in 2 contracts

Samples: Suburban Propane Partners Lp, Suburban Propane Partners Lp

Tax Elections. (a) 9.3.1 The Partnership shall make the election under Section 754 of the Code Election in accordance with applicable regulations thereunder, subject to the reservation of the right to seek to revoke any such election upon the General Partner's determination that such revocation is in the best interests interest of the Limited PartnersPartners and Assignees.

Appears in 2 contracts

Samples: Kaneb Pipe Line Partners L P, Kaneb Pipe Line Partners L P

Tax Elections. (a) The Partnership shall make has made the election under Section 754 of the Code in accordance with applicable regulations thereunder, subject to the reservation of the right to seek to revoke any such election upon the General Partner's Board of Supervisors’ determination that such revocation is in the best interests of the Limited Partners.

Appears in 2 contracts

Samples: Suburban Propane Partners Lp, Suburban Propane Partners Lp

Tax Elections. (a) The Partnership shall make has made the election under Section 754 of the Code in accordance with applicable regulations thereunder, subject to the reservation of the right to seek to revoke any such election upon the General Partner's Board of Supervisors' determination that such revocation is in the best interests of the Limited Partners.

Appears in 2 contracts

Samples: Suburban Propane Partners Lp, Suburban Propane Partners Lp

Tax Elections. (a) The To the extent applicable for federal income tax purposes, the Partnership shall make the election under Section 754 of the Code in accordance with applicable regulations thereunder, subject to the reservation of the right to seek to revoke any such election upon the General Partner's determination that such revocation is in the best interests of the Limited Partners. To the extent applicable for federal income tax purposes, the Partnership shall elect to deduct expenses incurred in organizing the Partnership ratably over a sixty-month period as provided in Section 709 of the Code.

Appears in 1 contract

Samples: Crosstex Energy Lp

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Tax Elections. (a) The Partnership shall make the election under Section 754 of the Code in accordance with applicable regulations thereunder, subject to the reservation of the right to seek to revoke any such election upon the Operating General Partner's determination that such revocation is in the best interests of the Limited PartnersUnitholders.

Appears in 1 contract

Samples: Agreement (Genesis Energy Lp)

Tax Elections. (a) The General Partner shall cause the Partnership shall to make the election under Section 754 of the Code in accordance with applicable regulations thereunder, subject to the reservation of the right to seek to revoke any such election upon the General Partner's determination in its sole discretion that such revocation is in the best interests of the Limited Partners.

Appears in 1 contract

Samples: ONEOK Partners LP

Tax Elections. (a) 9.3.1. The Partnership shall make the election under Section 754 of the Code Election in accordance with applicable regulations thereunder, subject to the reservation of the right to seek to revoke any such election upon the General Partner's determination that such revocation is in the best interests interest of the Limited Partners.

Appears in 1 contract

Samples: Kaneb Pipe Line Operating Partnership Lp

Tax Elections. (a) The Partnership shall make the election under Section 754 of the Code in accordance with applicable regulations thereunder, subject to the reservation of the right to seek to revoke any such election upon the General Partner's ’s determination that such revocation is in the best interests of the Limited Partners.. Notwithstanding any other provision herein contained, for the purposes of computing the adjustments under Section 743

Appears in 1 contract

Samples: www.lw.com

Tax Elections. (a) The Partnership shall make the election under Section 754 of the Code in accordance with applicable regulations thereunder, subject to the reservation of the right to seek to revoke any such election upon the General Partner's determination that such revocation is in the best interests of the Limited PartnersPartner.

Appears in 1 contract

Samples: Enterprise Products Partners L P

Tax Elections. (a) The Partnership shall make has made the election under Section 754 of the Code in accordance with applicable regulations thereunder, subject to the reservation of the right to seek to revoke any such election upon the General Partner's Board of Supervisors’ determination that such revocation is in the best interests of the Limited Partners.Limited

Appears in 1 contract

Samples: Suburban Propane Partners Lp

Tax Elections. (a) The Partnership shall make the election under referred to in Code Section 754 upon the request of any Partner in connection with a Transfer of the Code Partner’s Partnership Interest unless the Board determines that such election is not in accordance with applicable regulations thereunderthe Partnership’s best interests. Subject to Section 4.5(b) and 4.5(c), subject the Board shall, in its discretion, determine whether to make or revoke any other available election pursuant to the reservation of the right to seek to revoke any such election upon the General Partner's determination that such revocation is in the best interests of the Limited PartnersCode.

Appears in 1 contract

Samples: Infor, Inc.

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