Common use of Taxation as Partnership Clause in Contracts

Taxation as Partnership. To the extent permitted by applicable law, the Company intends to be treated as a partnership for United States federal, state and local tax purposes and the Members and the Company will make any necessary elections to achieve this result and refrain from making any elections that would have a contrary result. No Member shall knowingly take any action that is inconsistent with the classification of the Company as a partnership for United States federal, state and local tax purposes.

Taxation as Partnership. To the extent permitted by applicable law, the The Company intends to be treated as a partnership for United States federal, state federal income tax purposes. The Manager and local tax purposes and the Members and officers of the Company will shall make any necessary elections to achieve filings required for this result purpose and refrain from making any elections that would have a contrary result. No Member shall knowingly not take any action that is which would be inconsistent with the classification of the Company being treated as a partnership for United States federal, state and local federal income tax purposes. Without limiting the foregoing, each of the Members agrees that it shall not file an election under Treasury Regulations §301.7701-3 on behalf of the Company which is inconsistent with this intention.

Taxation as Partnership. To the extent permitted by applicable law, the The Company intends to be treated and taxed as a partnership for United States federal, state and local tax purposes and the Members and the Company will make any necessary elections to achieve this result and refrain from making any elections that would have a contrary result. No Member shall knowingly take (or shall knowingly cause or permit any of its Affiliates to take) any action that is inconsistent with the classification and taxation of the Company as a partnership for United States federal, state and local tax purposes.

Taxation as Partnership. To the extent permitted by applicable law, the The Company intends to be treated as a partnership for United States federal, state and local tax purposes purposes, and the Members and the Company will make any necessary elections to achieve this result and refrain from making any elections that would have a contrary result. No Member shall knowingly take (or shall knowingly cause any of its Affiliates to take) any action that is inconsistent with the classification of the Company as a partnership for United States federal, state and local tax purposes.