Common use of Tax Treatment; Tax Withholding Clause in Contracts

Tax Treatment; Tax Withholding. (a) This Agreement shall be treated as part of the partnership agreement of Buzz Holdings L.P. as described in Section 761(c) of the Code and Sections 1.704-1(b)(2)(ii)(h) and 1.761-1(c) of the Treasury Regulations promulgated thereunder. As required by the Code and the Treasury Regulations, the parties shall report any Exchange consummated hereunder as a taxable sale of the Common Units by a Common Unitholder to the Corporation, and no party shall take a contrary position on any income tax return, amendment thereof or communication with a taxing authority unless an alternate position is permitted under the Code and Treasury Regulations and the Corporation consents in writing.

Appears in 2 contracts

Samples: Exchange Agreement (Bumble Inc.), Exchange Agreement (Bumble Inc.)

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Tax Treatment; Tax Withholding. (a) This Agreement shall be treated as part of the partnership agreement of Buzz Holdings L.P. Finance of America Equity Capital LLC as described in Section 761(c) of the Code and Sections 1.704-1(b)(2)(ii)(h) and 1.761-1(c) of the Treasury Regulations promulgated thereunder. As required by the Code and the Treasury Regulations, the parties shall report any Exchange consummated hereunder as a taxable sale of the Common LLC Units by a Common an LLC Unitholder to the Corporation, and no party shall take a contrary position on any income tax return, amendment thereof or communication with a taxing authority unless an alternate position is permitted under the Code and Treasury Regulations and the Corporation consents in writing.

Appears in 2 contracts

Samples: Exchange Agreement (Finance of America Companies Inc.), Limited Liability Company Agreement (Replay Acquisition Corp.)

Tax Treatment; Tax Withholding. (a) This Agreement shall be treated as part of the partnership agreement of Buzz Holdings L.P. Tempo Holding Company, LLC as described in Section 761(c) of the Code and Sections 1.704-1(b)(2)(ii)(h) and 1.761-1(c) of the Treasury Regulations promulgated thereunder. As required by the Code and the Treasury Regulations, the parties shall report any Exchange consummated hereunder as a taxable sale of the Common LLC Units by a Common an LLC Unitholder to the Corporation, and no party shall take a contrary position on any income tax return, amendment thereof or communication with a taxing authority unless an alternate position is permitted under the Code and Treasury Regulations and the Corporation consents in writing.

Appears in 1 contract

Samples: Exchange Agreement (Alight Inc. / DE)

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Tax Treatment; Tax Withholding. (a) This For U.S. federal income tax purposes only, this Agreement shall be treated as part of the partnership agreement of Buzz Holdings L.P. LP Agreement as described in Section 761(c) of the Code and Sections 1.704-1(b)(2)(ii)(h) and 1.761-1(c) of the Treasury Regulations promulgated thereunder. As required by the Code and the Treasury Regulations, the parties shall report any Exchange consummated hereunder as a taxable sale of the Partnership Interests and shares of Class B Common Units Stock by a Common Unitholder Holder to the CorporationIPOco, and no party shall take a contrary position on any income tax return, amendment thereof or any communication with a taxing authority unless an alternate position is permitted under the Code and Treasury Regulations and the Corporation IPOco consents in writing.

Appears in 1 contract

Samples: Joinder Agreement (Core & Main, Inc.)

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