Section 705 Sample Clauses
Section 705 typically outlines the procedures and requirements for the allocation and payment of partnership liabilities or income among partners. In practice, this clause details how each partner’s share of income, deductions, credits, and other tax items are determined and reported, often referencing the partner’s capital account and the partnership agreement. Its core function is to ensure that tax and financial responsibilities are distributed fairly and transparently among partners, thereby preventing disputes and ensuring compliance with tax regulations.
Section 705. May Hold Securities............................... 61
Section 705. May Hold Notes................................................................. 94
Section 705. Officers' Certificate with Respect to Change in Interest Rates.................................................99 ARTICLE EIGHT Merger, Consolidation, Etc.
Section 705. Trustee May File Proofs of Claim . . . .
Section 705. May Hold Units............................................................................ 42
Section 705. Calculation of Original Issue Discount.....................................................82 ARTICLE EIGHT CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE
Section 705. Annual Officer's Certificate as to Compliance..............47
Section 705. Indenture Trustee May Enforce Claims Without Possession of Notes.............................43
Section 705. Reports by the Company...................................65 Article Eight CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE
Section 705. Reference to Supplemental Agreements...................... 46 ARTICLE EIGHT