Common use of Income Tax Elections Clause in Contracts

Income Tax Elections. Except as otherwise provided herein, the Partnership Representative shall have sole discretion to make any determination regarding income tax elections it deems advisable on behalf of the Company; provided that the Partnership Representative shall make an election under Code Section 754, if requested in writing by the Managers.

Appears in 4 contracts

Samples: Operating Agreement (NewBridge Global Ventures, Inc.), Operating Agreement (NewBridge Global Ventures, Inc.), Operating Agreement (NewBridge Global Ventures, Inc.)

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Income Tax Elections. Except as otherwise provided herein, each of the Tax Matters Member and Partnership Representative shall have sole discretion to make any determination regarding income tax elections it deems advisable on behalf of the Company; provided provided, that the Tax Matters Member or Partnership Representative shall will make an election under Code Section 754, if requested in writing by the Managersanother Member.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Learn SPAC HoldCo, Inc.), Operating Agreement (Sugarmade, Inc.)

Income Tax Elections. Except as otherwise provided herein, the Partnership Representative shall have sole discretion to make any determination regarding income tax elections it deems advisable on behalf of the Company; provided that the Partnership Representative shall make an election under Code Section 754, if requested in writing by the Managers.

Appears in 2 contracts

Samples: Operating Agreement (Csac Acquisition Inc.), Limited Liability Company Agreement (Rayven Properties, LLC)

Income Tax Elections. Except as otherwise provided herein, the Partnership Representative shall have sole discretion to make any determination regarding income tax elections it he deems advisable on behalf of the CompanyPartnership; provided that the Partnership Representative shall make an election under Code Section 754, if requested in writing by the Managersanother Partner.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Carter Validus Mission Critical REIT II, Inc.), Carter Validus Mission Critical REIT, Inc.

Income Tax Elections. Except as otherwise provided herein, the Partnership Representative shall have sole discretion to make any determination regarding income tax elections it deems advisable on behalf of the Company; provided that the Partnership Representative shall make an election under Code Section 754, if requested in writing by the ManagersFund.

Appears in 1 contract

Samples: Operating Agreement

Income Tax Elections. Except as otherwise provided herein, the Tax Matters Member and Partnership Representative shall each have sole discretion to make any determination regarding income tax elections election it deems advisable on behalf of the Company; provided provided, that the Tax Matters Member or Partnership Representative shall will make an election under Code Section 754754 of the Code, if requested in writing by the Managers.Member(s) holding a majority of the outstanding Membership Interests. All determinations as to tax elections and accounting principles shall be made solely by the Tax Matters Member or Partnership Representative. (d)

Appears in 1 contract

Samples: Company Agreement (Green Brick Partners, Inc.)

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Income Tax Elections. Except as otherwise provided herein, each of the Tax Matters Member and Partnership Representative shall have sole discretion to make any determination regarding income tax elections it deems advisable on behalf of the Company; provided provided, that the Tax Matters Member or Partnership Representative shall will make an election under Code Section 754, if requested in writing by the Managers.another Member. 45

Appears in 1 contract

Samples: Class B Preferred Unit Purchase Agreement (Learn SPAC HoldCo, Inc.)

Income Tax Elections. Except as otherwise provided herein, the Partnership Representative shall have sole discretion to make any determination regarding income tax elections it deems advisable on behalf of the Company; provided provided, that the Partnership Representative shall will make an election under Code Section 754, if requested in writing by the Managersanother Member.

Appears in 1 contract

Samples: Operating Agreement (EvolveX Equity Fund LLC)

Income Tax Elections. Except as otherwise provided herein, the Partnership Representative shall have sole discretion to make any determination regarding income tax elections it deems they deem advisable on behalf of the Company; provided provide, that the Partnership Representative shall will make an election under Code Section 754754 of the Code, if requested in writing by the Managersany Owner.

Appears in 1 contract

Samples: Operating Agreement

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