Common use of Overwithholding Clause in Contracts

Overwithholding. The Company shall not be liable for any excess taxes withheld in respect of any Member’s interest in the Company, and, in the event of overwithholding, a Member’s sole recourse shall be to apply for a refund from the appropriate governmental authority.

Appears in 3 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

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Overwithholding. The Neither the Company nor any Member shall not be liable for any excess taxes withheld in respect of any other Member’s 's interest in the Company, and, in the event of overwithholding, a such other Member’s 's sole recourse shall be to apply for a refund from the appropriate governmental authority.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (NextWave Wireless LLC), Limited Liability Company Agreement (NextWave Wireless LLC)

Overwithholding. The Neither the Company nor any Member shall not be liable for any excess taxes withheld in respect of any other Member’s interest in the Company, and, in the event of overwithholding, a such other Member’s sole recourse shall be to apply for a refund from the appropriate governmental authority.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (NextWave Wireless LLC), Employee Agreement (Mister Goody, Inc.)

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Overwithholding. The Company Neither the Company, the Manager nor any Member shall not be liable for any excess taxes withheld in respect of any Member’s interest in the Company, and, in Units. In the event of overwithholding, a Member’s sole recourse shall be to apply for a refund from the appropriate governmental authority.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Wright Investors Service Holdings, Inc.)

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