Partnership Representative definition

Partnership Representative has the meaning set forth in Section 9.03.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Partnership Representative has the meaning set forth in Section 5.2(a).

Partnership Representative means the “partnership representative” as defined in Section 6223 of the Code after amendment by P.L. 114-74.

Examples of Partnership Representative in a sentence

No Limited Partner may revoke any designation of the Partnership Representative.
Subject to the provisions of this Section 6.2(b), the Partnership Representative shall be authorized to undertake all actions on behalf of the Company specified under Code Sections 6221 through 6231 and the regulations promulgated thereunder.
Notwithstanding any other provision of this Agreement, the Partnership Representative may make such allocations of Net Income or Net Loss (or items thereof) as it deems reasonably necessary to give economic effect to the provisions of this Agreement, taking into such facts and circumstances as it deems reasonably necessary for this purpose.
Any action taken by the Partnership Representative in connection with audits of the Issuer under the Code will, to the extent permitted by law, be binding upon the “equity owners” (for U.S. federal income tax purposes) of the Issuer.
The Partnership Representative shall cause the Company to furnish to each Member for any portion of the year or years audited a statement reflecting the Member’s allocable share of the adjusted items as determined in the notice of final partnership adjustment and each such Member shall take such adjustments into account as required under Code Section 6226(b) and shall be liable for any related interest, penalty, addition to tax or additional amount.

More Definitions of Partnership Representative

Partnership Representative. The meaning specified in Section 7.17(l).

Partnership Representative is defined in Section 9.9(a).

Partnership Representative has the meaning assigned to such term in Section 7.4(a).

Partnership Representative means the Sponsor or any successor in its capacity as the “partnership representative” within the meaning of Section 6223 of the Code (and any similar provisions under any applicable state or local or foreign tax laws).

Partnership Representative shall have the meaning assigned to such term in Section 2.11(b).

Partnership Representative has the meaning set forth in Section 6223 of the Code, as amended by the BBA.

Partnership Representative has the meaning assigned to that term in Section 6223 of the Amended Code and any Treasury Regulations or other administrative or judicial pronouncements promulgated thereunder.