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, if a Member submits 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, interest, and penalties assessed on such income, and if the Member fails to pay taxes under such agreement, the Company may, but is not obligated to, 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 will be treated as a distribution. The Managers may, where permitted by the rules of any taxing jurisdiction, file a composition, 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 will inform the Members of the amount of such tax interest and penalties so paid.

Taxes of Taxing Jurisdictions. To the extent event that the laws of any taxing jurisdiction requiresTaxing Jurisdiction require, if a each Member submits requested to do so by the Managing 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 any penalties assessed on such income, and if . If the Member fails to pay taxes under such provide the agreement, the Company may, but is not obligated to, may withhold and pay over to such taxing jurisdiction the Taxing Jurisdiction the amount of tax, penalty and interest determined under the laws of the taxing jurisdiction Taxing Jurisdiction with respect to such the income. Any such payments with respect to the income of a Member will be treated as a distributiondistribution for purposes of Article IX. The Managers Managing Member may, where permitted by the rules of any taxing jurisdictionTaxing Jurisdiction, file a compositioncomposite, 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 the income to the taxing jurisdiction; Taxing Jurisdiction, in which case the Company will inform the Members of the amount of such the tax interest and penalties so paid.

Taxes of Taxing Jurisdictions. To the extent that the laws law of any taxing jurisdiction Taxing Jurisdiction so requires, if a each Member submits 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 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, and penalties assessed on such income, and if . If the Member fails to pay taxes under provide such agreement, the Company may, but is not obligated to, 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 will shall be treated as a distributiondistribution for purposes of Article VII. The Managers Company may, where permitted by the rules of any taxing jurisdictionJurisdiction, file a compositioncomposite, 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; Taxing Jurisdiction, in which case the Company will shall inform the Members of the amount of such tax interest and penalties so paid.

Taxes of Taxing Jurisdictions. To the extent that the laws of any taxing jurisdiction requiresTaxing Jurisdiction require, if a each Member submits requested to do so by the Managing 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 's income, and interest, and penalties assessed on such income, and if . If the Member fails to pay taxes under provide such agreement, the Company may, but is not obligated to, 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 will shall be treated as a distributiondistribution for purposes of Article VIII. The Managers Company may, where permitted by the rules of any taxing jurisdictionTaxing Jurisdiction, file a compositioncomposite, 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; Taxing Jurisdiction, in which case the Company will shall inform the Members of the amount of such tax tax, interest and penalties so paid.