Common use of TMP Agreements with IRS Clause in Contracts

TMP Agreements with IRS. 6.1.3.1 The TMP shall not agree to any extension of the statute of limitations for making assessments on behalf of the Company without first obtaining the written consent of all Members. The TMP shall not bind any other Member to a settlement agreement in tax audits without obtaining the written concurrence of any such Member.

Appears in 2 contracts

Samples: Indemnification Agreement (R&b Falcon Corp), Indemnification Agreement (Reading & Bates Corp)

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TMP Agreements with IRS. 6.1.3.1 The TMP shall not agree to any extension of the statute of limitations for making assessments on behalf of the Company Tax Partnership without first obtaining the written consent of all MembersParticipants. The TMP shall not bind any other Member Participant to a settlement agreement in tax audits without obtaining the written concurrence of any such MemberParticipant.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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TMP Agreements with IRS. 6.1.3.1 3.3.1 The TMP shall not agree to any extension of the statute of limitations for making assessments on behalf of the Company Partnership without first obtaining the written consent of all MembersParties. The TMP shall not bind any other Member Party to a settlement agreement in tax audits without obtaining the written concurrence of any such MemberParty.

Appears in 1 contract

Samples: Offshore Operating Agreement (Ridgewood Energy P Fund LLC)

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