Common use of Taxes of Taxing Jurisdictions Clause in Contracts

Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction so require, each Member requested to do so by the Managers 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 penalties 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 X. The Managers may, where permitted by the rules of any Taxing Jurisdiction, file a composite, combined or aggregate tax return reflecting the income of the Company and pay the tax, interest and penalties of some or all of the Members on such income to the Taxing Jurisdiction, in which case the Company shall inform the Members of the amount of such tax interest and penalties so paid.

Appears in 3 contracts

Samples: Operating Agreement (Juliana Mining Co Inc), Operating Agreement (Juliana Mining Co Inc), Juliana Mining Co Inc

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Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction so requirerequires, each Member requested to do so by the Managers Managing 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 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 penalties the 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 X. IX. The Managers Managing Member may, where permitted by the rules of any Taxing Jurisdiction, file a composite, combined or aggregate tax return reflecting the income of the Company and pay the tax, interest and penalties of some or all of the Members on such income to the Taxing Jurisdiction, in which case the Company shall inform the Members of the amount of such tax tax, interest and penalties so paid.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Charter Equipment Lease 1998-1 LLC), Limited Liability Company Operating Agreement (Charter Equipment Lease 1998-1 LLC)

Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction so require, each Member requested to do so by the Managers Manager 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 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 penalties 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 X. 8. The Managers Manager may, where permitted by the rules of any Taxing Jurisdiction, file a composite, combined or aggregate tax return reflecting the income of the Company and pay the tax, interest and penalties of some or all of the Members on of such income to the Taxing Jurisdiction, in which case the Company shall inform the Members of the amount of such tax interest and penalties so paid.

Appears in 2 contracts

Samples: Operating Agreement (Fortress Group Inc), Operating Agreement (Fortress Group Inc)

Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction so require, each Member requested to do so by the Managers 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 tax, penalties and interest determined under the laws of the Taxing Jurisdiction with respect to such income. This Section 10.2 shall allow the Company to withhold and pay over any federal, state or foreign income taxes as required by applicable law. Any such withholding payments with respect to the income of a Member shall be treated as a distribution Distribution for purposes of Article X. IX. The Managers Company may, where permitted by the rules of any Taxing Jurisdiction, file a composite, combined or aggregate tax return reflecting the income of the Company and pay the tax, interest and penalties of some or all of the Members on such income to the Taxing Jurisdiction, in which case the Company shall inform the Members of the amount of such tax tax, penalties and interest and penalties so paid.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Majestic Holdco, LLC)

Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction so require, each Member requested to do so by the Managers will shall 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 taxes, if any, 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 penalties and interest determined under the laws of the Taxing Jurisdiction with respect to such income, if any. Any such payments with respect to the income of a Member shall shall, if appropriately made, be treated as a distribution Distribution for purposes of Article X. XII hereof. The Managers Company may, where permitted by the rules of any Taxing Jurisdiction, and where such action would not increase the respective tax liability of the Members, file a composite, combined or aggregate tax return reflecting the income of the Company and pay the tax, interest and penalties of some or all of the Members on such income to the Taxing Jurisdiction, in which case the Company shall inform the Members of the amount of such tax tax, interest and penalties so paid.

Appears in 1 contract

Samples: Operating Agreement (ResCare Finance, Inc.)

Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction so requirerequires, each Member requested to do so and Economic Interest Holder (or such Members as may be required by the Managers Taxing Jurisdiction) 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 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 penalties 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 X. IX. The Member-Managers may, where permitted by the rules of any Taxing Jurisdiction, file a composite, combined combined, or aggregate tax return reflecting the income of the Company and pay the tax, interest interest, and penalties of some or all of the Members on such income to the Taxing Jurisdiction, in which case the Company shall inform the Members of the amount of such tax interest tax, interest, and penalties so paid.. OPERATING AGREEMENT - 18

Appears in 1 contract

Samples: Operating Agreement (Fibermark Office Products LLC)

Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction so requirerequires, each Member requested to do so by the Managers 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 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 penalties the 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 X. to the Member. The Managers may, where permitted by the rules of any Taxing Jurisdiction, file a composite, combined or aggregate tax return reflecting the income of the Company and pay the tax, interest and penalties of some or all of the Members on such income to the Taxing Jurisdiction, in which case the Company shall inform the Members of the amount of such tax tax, interest and penalties so paid.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Advanta Bank Corp)

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Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction so taxing jurisdiction require, each Member requested to do so by the Managers Members will submit an agreement indicating that the Member will make timely income tax payments to the Taxing Jurisdiction taxing jurisdiction and that the Member accepts personal jurisdiction of the Taxing Jurisdiction 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 taxing jurisdiction the amount of tax penalties tax, penalty, and interest determined under the laws of the Taxing Jurisdiction 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 X. 8. The Managers Members may, where permitted by the rules of any Taxing Jurisdictiontaxing jurisdiction, file a composite, combined combined, or aggregate tax return reflecting the income of the Company and pay the tax, interest interest, and penalties of some or all of the Members on such income to the Taxing Jurisdictiontaxing jurisdiction, in which case the Company shall inform the Members of the amount of such tax interest and penalties so paid.

Appears in 1 contract

Samples: Operating Agreement

Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction so taxing jurisdiction require, each Member requested to do so by the Managers Manager or any other Member will submit an agreement indicating that the Member will make timely income tax payments to the Taxing Jurisdiction taxing jurisdiction and that the Member accepts personal jurisdiction of the Taxing Jurisdiction taxing jurisdiction with regard to the collection of income taxes attributable to the Member's income, ’s income and any 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 taxing jurisdiction the amount of tax penalties tax, penalty and interest determined under the laws of the Taxing Jurisdiction 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 X. 7. The Managers Company may, where permitted by the rules of any Taxing Jurisdictiontaxing jurisdiction, file a composite, combined or aggregate tax return reflecting the income of the Company and pay the tax, interest and penalties of some or all of the Members on such income to the Taxing Jurisdictiontaxing jurisdiction, in which case the Company shall inform the Members affected thereby of the amount of such tax interest and penalties so paid.

Appears in 1 contract

Samples: Operating Agreement (Retail Opportunity Investments Corp)

Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction so requirerequires, each Member requested to do so by the Managers 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 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 penalties the 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 X. IX. The Managers may, where permitted by the rules of any Taxing Jurisdiction, file a composite, combined or aggregate tax return reflecting the income of the Company and pay the tax, interest and penalties of some or all of the Members on such income to the Taxing Jurisdiction, in which case the Company shall inform the Members of the amount of such tax tax, interest and penalties so paid.

Appears in 1 contract

Samples: Advanta Bank Corp

Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction taxing jurisdiction having jurisdiction over a Member or the Company so require, each Member requested to do so upon request by the Managers Managers, each affected Member will submit an agreement indicating that the Member will make timely income tax payments to the Taxing Jurisdiction taxing jurisdiction and that the Member accepts personal jurisdiction of the Taxing Jurisdiction 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 to, provide such such. agreement, the Company may withhold and pay over to such Taxing Jurisdiction taxing jurisdiction the amount of tax penalties any tax, penalty and interest determined under the laws of the Taxing Jurisdiction 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 X. The Managers may, where permitted by the rules of any Taxing Jurisdictiontaxing jurisdiction, file a composite, combined or aggregate tax return reflecting the income of the Company and pay the tax, interest and penalties of some or all of the Members on such income to the Taxing Jurisdiction, in which case taxing jurisdiction. Any payments by the Company of tax and penalty or interest with respect to the income of a Member shall inform the Members be treated as a distribution to such Member for purposes of the amount of such tax interest and penalties so paidArticle IX.

Appears in 1 contract

Samples: Operating Agreement (Lbo Capital Corp)

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