Common use of Taxation as a Partnership Clause in Contracts

Taxation as a Partnership. The Company shall be treated as a partnership for federal income tax purposes, and no Partner shall take any action inconsistent with such classification.

Appears in 4 contracts

Samples: Limited Partnership Agreement, Partnership Agreement, Limited Partnership Agreement (Strategic Hotel Capital Inc)

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Taxation as a Partnership. The Company shall be treated as a partnership for United States federal income tax purposes, purposes and no Partner shall each Member agrees not to take any action inconsistent with such classificationthe Company's classification as a partnership for United States federal, state or local income tax purposes.

Appears in 2 contracts

Samples: Operating Agreement (Aladdin Gaming Enterprises Inc), Operating Agreement (Aladdin Capital Corp)

Taxation as a Partnership. The Company shall be treated as a partnership for U.S. federal income tax purposes, purposes and no Partner shall each Member agrees not to take any action inconsistent with such classificationthe Company's classification as a partnership for U.S. federal, state or local tax purposes.

Appears in 1 contract

Samples: Operating Agreement (Sterling Construction Co Inc)

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Taxation as a Partnership. The Company shall be treated as a partnership for United States federal income tax purposes, purposes and no Partner shall each Member agrees not to take any action inconsistent with such classificationthe Company's classification as a partnership for United States federal, state or local tax purposes.

Appears in 1 contract

Samples: Operating Agreement (Wynn Resorts LTD)

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