Common use of Taxes of Taxing Jurisdictions Clause in Contracts

Taxes of Taxing Jurisdictions. To the extent that the laws of any taxing jurisdiction requires, each Member (or such Members as may be required by the taxing jurisdiction) will submit an agreement indicating that the Member shall 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 9 of this Amended Agreement. The 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 interest and penalties so paid.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating (Americas Power Partners Inc)

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Taxes of Taxing Jurisdictions. To the extent that the laws of any taxing jurisdiction Taxing Jurisdiction requires, each Member (or such Members as may be required Holder requested to do so by the taxing jurisdiction) Members will submit an agreement indicating that the Member shall Holder will make timely income tax payments to the taxing jurisdiction Taxing Jurisdiction and that the Member Holder accepts personal jurisdiction of the taxing jurisdiction Taxing Jurisdiction with regard to the collection of income taxes attributable to the Member’s Holder's income, and interest interest, and penalties assessed on such income. If the Member Holder fails to provide such agreement, the Company may withhold and pay over to such taxing jurisdiction Taxing Jurisdiction the amount of 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 Holder shall be treated as a distribution to such Holder for purposes of Article 9 of this Amended AgreementVII. The Member 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 Holders on such income to the Taxing Jurisdiction, in which case the Company shall inform the Members Holders of the amount of such tax tax, interest and penalties so paid.

Appears in 1 contract

Samples: Operating Agreement (Applied Molecular Evolution Inc)

Taxes of Taxing Jurisdictions. To the extent that the laws of any taxing jurisdiction requiresTaxing Jurisdiction require, each Member (or such Members as may be required by the taxing jurisdictionTaxing Jurisdiction) will submit an agreement indicating that the Member shall 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 '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 Taxing Jurisdiction the amount of 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 9 of this Amended AgreementIX. The Managing Member 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 the Company shall inform the Members of the amount of such tax interest and penalties so paid.

Appears in 1 contract

Samples: Operating Agreement (Citi TeeVee LLC)

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Taxes of Taxing Jurisdictions. To the extent that the laws of any taxing jurisdiction Taxing Jurisdiction requires, each Member (or such Members as may be required Holder requested to do so by the taxing jurisdiction) Managers will submit an agreement indicating that the Member shall Holder will make timely income tax payments to the taxing jurisdiction Taxing Jurisdiction and that the Member Holder accepts personal jurisdiction of the taxing jurisdiction Taxing Jurisdiction with regard to the collection of or income taxes attributable to the Member’s Holder's income, and interest interest, and penalties assessed on such income. If the Member Holder fails to provide such agreement, the Company may withhold and pay over to such taxing Taxing jurisdiction the amount of 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 Holder shall be treated as a distribution to such Holder for purposes of Article 9 of this Amended AgreementVII. The Member 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 Holders on such income to the Taxing Jurisdiction, in which case the Company shall inform the Members Holders of the amount of such tax tax, interest and penalties so paid.

Appears in 1 contract

Samples: Operating Agreement

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