Common use of Entity Classification Election Clause in Contracts

Entity Classification Election. Neither the Company nor any Member may make an election for the Company to be treated as an association taxable as a corporation for U.S. federal income tax purposes, and no provision of this Agreement will be construed to sanction or approve such an election.

Appears in 6 contracts

Sources: Limited Liability Company Agreement (Crestwood Midstream Partners LP), Limited Liability Company Agreement, Limited Liability Company Agreement (Crestwood Midstream Partners LP)