Common use of Income Tax Elections Clause in Contracts

Income Tax Elections. The Tax Matters Member shall have sole discretion to make any income tax election it deems advisable on behalf of the Company; provided, that the Tax Matters Member will make an election under Section 754 of the Code, if requested in writing by Members holding a majority of the outstanding Common Units. All determinations as to tax elections and accounting principles shall be made solely by the Tax Matters Member.

Income Tax Elections. The Tax Matters Member shall have sole discretion to make any income tax election it deems advisable on behalf of the Company; provided, however, that the Tax Matters Member will make an election under Section 754 of the Code, if requested in writing by Members holding a majority Majority in Interest of the outstanding Common UnitsMembers. All determinations as to tax elections and accounting principles shall be made solely by the Tax Matters Member.

Income Tax Elections. The Tax Matters Member shall have sole discretion to make any income tax election it deems advisable on behalf of the Company; provided, that the Tax Matters Member will make an election under Section 754 of the Code, if requested in writing by Members holding a majority of the outstanding Common Preferred Units. All determinations as to tax elections and accounting principles shall be made solely by the Tax Matters Member.

Income Tax Elections. The Tax Matters Member shall have sole discretion to make any income tax election it deems advisable on behalf of the Company; provided, provided that the Tax Matters Member will make an election under Code Section 754 of the Code754, if requested in writing by Members holding a majority of the outstanding Common Units. All determinations as to tax elections and accounting principles shall be made solely by the Tax Matters Member.