Partnership Representative definition

Partnership Representative has the meaning set forth in Section 9.03.

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

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

Examples of Partnership Representative in a sentence

If and when every Member qualifies as eligible member under the Partnership Audit Rules, the Partnership Representative shall make the “Opt-Out” election for the Company and any Company Series, as appropriate, for any year that Members remain qualified as eligible Members.
The Partnership Representative may rely on the services and advice of attorneys, accountants and other professional advisors or experts.
Each Member shall notify the Partnership Representative of any inconsistent treatment of any Membership item on the Member’s return and of any settlement with the IRS regarding any Membership items.
The Partnership Representative shall use commercially reasonable efforts to allocate the burden of any material taxes (and any interest, penalties and expenses related thereto) that are payable by the Partnership as a result of any adjustments arising from an audit or other tax proceeding involving the Partnership to the Partners or former Partners to which such taxes, interest, penalties and related expenses are attributable.
Notwithstanding this Section 10.5(a), the Partnership Representative is authorized to take any action permitted under Section 6223 of the Code or under any other corresponding provision of state, local or non-U.S. law.

More Definitions of Partnership Representative

Partnership Representative is defined in Section 9.9(a).

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

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 such term in Section 6223(a) of the Code.