Common use of Taxes of Taxing Jurisdictions Clause in Contracts

Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction require, the Member will submit an agreement indicating that the Member will make timely income tax payments to the Taxing Jurisdiction and that the Member accepts personal jurisdiction of the Taxing Jurisdiction with regard to the collection of income taxes attributable to the Member’s income, and interest, and penalties assessed on such income. If the Member fails to provide such agreement, the Company may withhold and 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 with respect to the income of a Member shall be treated as a distribution for purposes of Article IX.

Appears in 12 contracts

Samples: Operating Agreement (Jefferson Holdings Inc.), Operating Agreement (Jefferson Holdings Inc.), Operating Agreement (Jefferson Holdings Inc.)

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Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction require, the Member will submit an agreement indicating that the Member will make timely income tax payments to the Taxing Jurisdiction and that the Member accepts will accept personal jurisdiction of the Taxing Jurisdiction with regard to the collection of income taxes attributable to the Member’s income, income and interest, interest and penalties assessed on such income. If the Member fails to provide such agreement, the Company may withhold and pay over to such Taxing Jurisdiction the amount of tax, penalty, interest and interest penalty determined under the laws of the Taxing Jurisdiction with respect to such income. Any such payments with respect to the income of a the Member shall will be treated as a distribution for purposes of Article IX.X.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Ally Auto Assets LLC), Limited Liability Company Agreement (Ally Wholesale Enterprises LLC), Limited Liability Company Agreement (Ally Auto Assets LLC)

Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction require, the Member will shall submit an agreement indicating that the Member will shall make timely income tax payments to the Taxing Jurisdiction and that the Member accepts shall accept personal jurisdiction of the Taxing Jurisdiction with regard to the collection of income taxes attributable to the Member’s income, income and interest, interest and penalties assessed on such income. If the Member fails to provide such agreement, the Company may withhold and pay over to such Taxing Jurisdiction the amount of tax, penalty, interest and interest penalty determined under the laws of the Taxing Jurisdiction with respect to such income. Any such payments with respect to the income of a the Member shall be treated as a distribution Distribution for purposes of Article IX.X.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Coal Valley Resources Inc.), Limited Liability Company Agreement (Williams Pipeline Partners L.P.), Limited Liability Company Agreement (Williams Pipeline Partners L.P.)

Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction require, the Member will Members shall submit an agreement indicating that the Member will Members shall make timely income tax payments to the Taxing Jurisdiction and that the Member accepts Members accept personal jurisdiction of the Taxing Jurisdiction with regard to the collection of income taxes attributable to the Member’s income, 's income and interest, interest and penalties assessed on such income. If the Member fails Members fail to provide such agreement, the Company may withhold and pay over to such Taxing Jurisdiction the amount of tax, penalty, penalty and interest determined under the laws of the Taxing Jurisdiction with respect to such income. Any such payments with respect to the income of a Member shall be treated as a distribution Distribution for purposes of Article IXthis Section 10.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (NewGen Technologies, Inc), Limited Liability Company Agreement (NewGen Technologies, Inc)

Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction require, the Member will shall submit an agreement indicating that the Member will shall make timely income tax payments to the Taxing Jurisdiction and that the Member accepts shall accept personal jurisdiction of the Taxing Jurisdiction with regard to the collection of income taxes attributable to the Member’s income, and interest, interest and penalties assessed on such income. If the Member fails to provide such agreement, the Company may withhold and pay over to such Taxing Jurisdiction the amount of tax, penalty, interest and interest penalty determined under the laws of the Taxing Jurisdiction with respect to such income. Any such payments with respect to the income of a Member shall be treated as a distribution Distribution for purposes of Article IX.X.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CPM Holdings, Inc.)

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Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction requirerequires, the each Member will submit an agreement indicating that the Member will make timely income tax payments to the Taxing Jurisdiction and that the Member accepts personal jurisdiction of the Taxing Jurisdiction with regard to the collection of income taxes attributable to the Member’s 's income, and interest, and penalties assessed on such income. If the Member fails to provide such agreement, the Company may withhold and pay over to such Taxing Jurisdiction the amount of tax, penalty, penalty and interest determined under the laws of the Taxing Jurisdiction with respect to such income. Any such payments with respect to the income of a Member shall be treated as a distribution Distribution for purposes of Article IX.

Appears in 1 contract

Samples: Investors Real Estate Trust

Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction require, the Member will submit an agreement indicating that the Member will make timely income tax payments to the Taxing Jurisdiction and that the Member accepts personal jurisdiction of the Taxing Jurisdiction with regard to the collection of income taxes attributable to the Member’s income, and interest, and penalties assessed on such income. If the Member fails to provide such agreement, the Company may withhold and 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 with respect to the income of a Member shall be treated as a distribution for purposes of Article IXVIII.

Appears in 1 contract

Samples: Operating Agreement (Jefferson Holdings Inc.)

Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction require, the Member will submit an agreement indicating that the Member will make timely income tax payments to the Taxing Jurisdiction and that the Member accepts personal jurisdiction of the Taxing Jurisdiction with regard to the collection of income taxes attributable to the Member’s income, and interest, and penalties assessed on such income. If the Member fails to provide such agreement, the Company may withhold and 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 with respect to the income of a Member shall be treated as a distribution for purposes of Article IX.. #1158061v1 Operating Agreement Xxxxx Corning Roofing and Asphalt, LLC 11

Appears in 1 contract

Samples: Operating Agreement (Jefferson Holdings Inc.)

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