Common use of Amount Withheld Clause in Contracts

Amount Withheld. All amounts withheld pursuant to the Code or any provision of any state, local, or foreign tax law with respect to any payment, distribution, or allocation to the Company or the Members shall be treated as amounts paid or distributed, as the case may be, to the Members with respect to which such amount was withheld pursuant to this Section 4.1.7 for all purposes under this Agreement. The Company is authorized to withhold from payments and distributions, or with respect to allocations to the Members, and to pay over to any federal, state, local, or foreign government, any amounts required to be so withheld pursuant to the Code or any provisions of any other federal, state, local, or foreign law, and shall allocate any such amounts to the Members with respect to which such amount was withheld.

Amount Withheld. All amounts withheld pursuant to the Code or any provision of any state, local, local or foreign tax law with respect to any payment, distribution, distribution or allocation to the Company or the Members shall be treated as amounts paid or distributed, as the case may be, to the Members with respect to which such amount was withheld pursuant to this Section 4.1.7 6.13 for all purposes under this Agreement. The Company is authorized to withhold from payments and distributions, or with respect to allocations to the Members, and to pay over to any federal, state, local, state and local government or any foreign government, any amounts required to be so withheld pursuant to the Code or any provisions of any other federal, state, local, state or local law or any foreign law, and shall allocate any such amounts to the Members with respect to which such amount was withheld.