Common use of Acknowledgment of Liability for State and Local Taxes Clause in Contracts

Acknowledgment of Liability for State and Local Taxes. To the extent that the laws of any Taxing Jurisdiction require, each Member requested to do so by any other Member shall submit an agreement indicating that the Member shall make timely income tax payments to the Taxing Jurisdiction and that the Member accepts personal jurisdiction of the Taxing Jurisdiction regarding the collection of income taxes, interest, and penalties attributable to the Member’s income. If a Member fails to provide such agreement upon request, the Company may withhold or pay over to such Taxing Jurisdiction the amount of tax, penalty, and interest determined under the laws of the Taxing Jurisdiction with respect to such income. Any such payments shall be treated as distributions for purposes of Article V.

Acknowledgment of Liability for State and Local Taxes. To the extent that the laws of any Taxing Jurisdiction require, each Member and Unit Holder requested to do so by any other Member the Manager shall submit an agreement indicating that the Member such Person shall make timely income tax payments to the Taxing Jurisdiction and that the Member such Person accepts personal jurisdiction of the Taxing Jurisdiction regarding with regard to the collection of income taxes, interest, and penalties attributable to the Membersuch Person’s income. If a Member or Unit Holder fails to provide such agreement upon requestagreement, the Company may withhold or pay over to such Taxing Jurisdiction the amount of tax, penalty, and interest determined under the laws of the Taxing Jurisdiction with respect to such income. Any such payments shall be treated as distributions to the applicable Member or Unit Holder for purposes of Article V.

Acknowledgment of Liability for State and Local Taxes. To the extent that the laws of any Taxing Jurisdiction require, each Member requested to do so by any other Member the Manager shall submit an agreement indicating that the Member shall make timely income tax payments to the Taxing Jurisdiction and that the Member accepts personal jurisdiction of the Taxing Jurisdiction regarding with regard to the collection of income taxes, interest, and penalties attributable to the Member’s 's income. If a Member fails to provide such agreement upon requestagreement, the Company may withhold or pay over to such Taxing Jurisdiction the amount of tax, penalty, and interest determined under the laws of the Taxing Jurisdiction with respect to such income. Any such payments shall be treated as distributions for purposes of Article V.