Examples of Subsidiary Partnership in a sentence
Crescent Equities has represented to us that each of the Subsidiary Partnerships formed prior to January 1, 1997 will claim classification as a partnership under the Prior Regulations, as reflected on federal income tax returns to be filed by each Subsidiary Partnership for the tax year ending December 31, 1996.
As required by the Tax Receivable Agreement, the Managing Member shall make, and shall cause each Subsidiary Partnership to make, an election under Section 754 of the Code which election shall be in effect for each taxable year in which RCAP or any Permitted Transferee of RCAP Transfers Class B Units.
Securities are held by TA AP VII-B DO Subsidiary Partnership, L.P. ("AP VII-B").
The Company has also represented that no interests in any Subsidiary Partnership are traded on any established securities market or are readily tradable on any secondary market or the substantial equivalent of any secondary market, including any matching system or program.
Equity Inns Services, Inc., a wholly-owned subsidiary of the Company ("Services"), owns a 1% general partnership interest, and the Operating Partnership owns a 99% limited partnership interest, in the Second Subsidiary Partnership.