Partnership Returns definition

Partnership Returns has the meaning set forth in Section 5.11(b)(i).

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Partnership Returns mean the partnership Tax Returns (IRS Form 1065 or any foreign, state or local equivalent) of B&N Education, LLC, a Delaware limited liability company.

Partnership Returns means (i) any payment of principal or interest on any Deficiency Loans (as defined in the Partnership Agreement) or on any working capital or other loans to the Partnership from any Partner or any Affiliate of any Partner or the partnership, (ii) any distributions by or on behalf of the Partnership of profits or capital, including, without limitation, dividends and withdrawals of profits, to or for the benefit of any Partner or any Affiliate of any Partner or (iii) payments by or on behalf of the Partnership of any amounts to any partner or to any Affiliate of a Partner or the Partnership as a lender to the Partnership (regardless of whether the Indebtedness to such Lender is Permitted Indebtedness) or (iv) any other payments or transfers of property directly or indirectly to or for the benefit of any Partner or any Affiliate of any Partner or the Partnership (other than the Basic Management Fee and the Development Fee and reimbursable expenses under the Management Agreement and the Construction Management Fee and reimbursable expenses under the Construction Management Agreement and payments under Fair Value Contracts in respect of Operating Expenses).

Examples of Partnership Returns in a sentence

Notwithstanding any provision hereof to the contrary, solely for purposes of the United States federal income tax laws, the Member hereby recognizes that the Company will be subject to all provisions of Subchapter K of Chapter 1 of Subtitle A of the Code; provided, however, the filing of U.S. Partnership Returns of Income shall not be construed to extend the purposes of the Company or expand the obligations or liabilities of the Member.
Notwithstanding any provision hereof to the contrary, solely for purposes of the United States federal income tax laws, the filing of U.S. Partnership Returns of Income shall not be construed to extend the purposes of the Company or expand the obligations or liabilities of the Member.
Any provision hereof to the contrary notwithstanding, solely for United States federal income tax purposes, each of the Members hereby recognizes that the Company may be subject to the provisions of Subchapter K of Chapter 1 of Subtitle A of the Code; provided, however, the filing of U.S. Partnership Returns of Income shall not be construed to extend the purposes of the Company or expand the obligations or liabilities of the Members.
Notwithstanding any provision hereof to the contrary, solely for purposes of the United States federal income tax laws, each of the Members hereby recognizes that the Company will be subject to all provisions of Subchapter K of Chapter 1 of Subtitle A of the Code; provided, however, the filing of U.S. Partnership Returns of Income shall not be construed to extend the purposes of the Company or expand the obligations or liabilities of the Members.
Any provision of this Agreement to the contrary --------- notwithstanding, solely for federal income tax purposes, each of the Venturers hereby recognizes that the Venture will be subject to all provisions of Subchapter K of Chapter 1 of Subtitle A of the I.R.C.; provided, however, that the filing of U.S. Partnership Returns of Income shall not be construed to extend the purposes of the Venture or expand the obligations or liabilities of the Venturers.
The Partners agree to file their separate federal income tax returns in accordance with applicable federal income tax law and in a manner consistent with the Partnership Returns and the provisions of this Agreement.
The General Partner shall file on behalf of the Partnership such Partnership Returns as are required by law.
Any provision hereof to the contrary notwithstanding, solely for federal income tax purposes, each of the Partners hereby recognizes that the Partnership will be subject to all provisions of Subchapter K of Chapter 1 of Subtitle A of the Code; provided, however, the filing of U.S. Partnership Returns of Income shall not be construed to extend the purposes of the Partnership or expand the obligations or liabilities of the Partners.
However, the Members expressly do not intend hereby to form a partnership, and neither anything contained herein nor the filing of United States Partnership Returns of Income by the Company shall be deemed or construed to alter the nature of the Company or to expand the obligations or liabilities of the Members.
Any provision of this Agreement to the contrary notwithstanding, solely for federal income tax purposes, each of the Venturers hereby recognizes that the Venture will be subject to all provisions of Subchapter K of Chapter 1 of Subtitle A of the I.R.C.; provided, however, that the filing of U.S. Partnership Returns of Income shall not be construed to extend the purposes of the Venture or expand the obligations or liabilities of the Venturers.

More Definitions of Partnership Returns

Partnership Returns. See Section 14.07(a).

Partnership Returns shall have the meaning set forth in Section 2A.8(a).