Permitted Tax Distributions. (e) payments to Holdings, and by Holdings to any Subsidiary of Sponsor, so long as Holdings or such Subsidiary of Sponsor uses such payments to make payments pursuant to Section 6.09(e);
Permitted Tax Distributions. (f) For so long as Borrower is classified as a corporation for U.S. federal income tax purposes, direct or indirect payments Dividends or distributions to Intermediate Holdings in order to pay, or to make Dividends or distributions to any direct or indirect parent of Intermediate Holdings to pay, the tax liability to each foreign, federal, state or local jurisdiction in respect of which a consolidated, combined, unitary or affiliated return is filed by Intermediate Holdings (or such direct or indirect parent of Intermediate Holdings) that includes the Borrower and/or any of its Subsidiaries, to the extent such tax liability does not exceed the taxes that would have been payable by the Borrower and/or its Subsidiaries as a stand-alone group, reduced by any such taxes paid or to be paid directly by the Borrower or its Subsidiaries;
Permitted Tax Distributions. For any period during which a Borrower is taxed as a partnership under the IRC, such Borrower may pay to its owners, in quarterly installments reflecting the best estimate of taxable income through the Fiscal Quarters then ended, cash distributions (the “Permitted Tax Distributions”) as and to the extent permitted in this Section.
Permitted Tax Distributions. The amount of all Restricted Payments (other than cash) will be the fair market value on the date of the Restricted Payment of the Restricted Investment proposed to be made or the asset(s) or securities proposed to be transferred or issued by the Company or such Restricted Subsidiary, as the case may be, pursuant to the Restricted Payment. The fair market value of any Restricted Investment, assets or securities that are required to be valued by this covenant will be determined, in the case of amounts under $20.0 million, by an officer of the General Partner and, in the case of amounts over $20.0 million, by the Board of Directors of the Company, whose determination shall be evidenced by a Board Resolution.
Permitted Tax Distributions. (c) For purposes of determining compliance with this Section 4.04, in the event that a Restricted Payment (or portion thereof) meets the criteria of more than one of the categories of Permitted Payments described in clauses (1) through (22) of Section 4.04(b), and/or is permitted pursuant to the Section 4.04(a) and/or constitutes a Permitted Investment, the Company will be entitled to classify such Restricted Payment or Investment (or portion thereof) on the date of its payment or later reclassify (based on circumstances existing on the date of such reclassification) such Restricted Payment or Investment (or portion thereof) in any manner that complies with this Section 4.04, including as a Permitted Investment.
Permitted Tax Distributions. (11) so long as no Event of Default has occurred and is continuing, the distribution of the Capital Stock or assets of XTR Midstream, LLC and any Subsidiary thereof; and
Permitted Tax Distributions. Notwithstanding anything herein to the contrary, Net Asset Sale Proceeds, Extraordinary Receipts and Return of Capital required to be applied to the prepayment of the Loans pursuant to Section 2.09(c) shall exclude the amounts estimated in good faith by the Borrower to be necessary for the Borrower to make distributions sufficient in amount to achieve the objectives set forth in clauses (i), (ii) and (iii) of Section 6.05(b) hereof, but solely to the extent that the receipt of such Net Asset Sale Proceeds, Extraordinary Receipts and Return of Capital (as the case may be) results in an increase in the amounts required to be distributed by the Borrower to achieve such objectives.
Permitted Tax Distributions. (x) Xotwithstanding Section 7.11, Borrower, at its option, may declare and pay Permitted Tax Distributions to its Members; provided, that (i) no Event of Default shall have occurred and be continuing at the time of any such Permitted Tax Distribution or would result therefrom, (ii) prior to the payment of any such Permitted Tax Distribution, Borrower shall provide Lender with a certificate from an officer of Borrower and an opinion of counsel to the effect that Borrower and each Subsidiary of Borrower in respect of which such Permitted Tax Distributions are being made, qualify as Flow Through Entities for federal income tax purposes and for the states in respect of which such distributions are being made, and (iii) at the time of any such Permitted Tax Distribution, the most recent audited financial statements of Borrower provided to Lender pursuant to Section 6.3 provide that Borrower and each such Subsidiary were treated as Flow Through Entities for the period of such financial statements.
Permitted Tax Distributions. 22 Person........................................................................22 Plan..........................................................................22
Permitted Tax Distributions. (a) Notwithstanding Section 7.11, Parent and each Borrower, at its option, may declare and pay Permitted Tax Distributions to its Equity Holders; provided, that (i) no Event of Default shall have occurred and be continuing at the time of any such Permitted Tax Distribution or would result therefrom, (ii) prior to the payment of any such Permitted Tax Distribution, Parent or each such Borrower (as the case may be) shall provide Lender with a certificate from an officer of Parent and/or such Borrower and an opinion of counsel to the effect that Parent, such Borrower and each Subsidiary of such Borrower in respect of which such Permitted Tax Distributions are being made, qualify as Flow Through Entities for federal income tax purposes and for the states in respect of which such distributions are being made, and (iii) at the time of any such Permitted Tax Distribution, the most recent audited financial statements of such Borrower provided to Lender pursuant to Section 6.3 provide that such Borrower and each such Subsidiary were treated as Flow Through Entities for the period of such financial statements.
