Tax Payment Loan definition

Tax Payment Loan shall have the meaning set forth in Section 7.3.

Tax Payment Loan has the meaning assigned that term in Section 4.05(c).

Tax Payment Loan has the meaning set forth in Section 6.11(a).

Examples of Tax Payment Loan in a sentence

• As soon as practicable, the General Partner shall notify any Limited Partner that is credited with an outstanding Tax Payment Loan.

• So long as any Tax Payment Loan or the interest thereon remains unpaid, the Partnership shall make future distributions due to such Partner by applying the amount of any such distribution first to the payment of any unpaid interest on all Tax Payment Loans of such Partner and then to the repayment of the principal of all Tax Payment Loans of such Partner.

• The liability of each of the Limited Partners to the Partnership shall be limited to any Unfunded Commitments and any outstanding Tax Payment Loan except as required under the RULPA.

• So long as any Tax Payment Loan or the interest thereon remains unpaid, the Company shall make future distributions due to any such Member under this Agreement by applying the amount of any such distribution first to the payment of any unpaid interest on all Tax Payment Loans of such Member and then to the repayment of the principal of all Tax Payment Loans of such Member.

• Unless treated as a Tax Payment Loan (as defined below), any amount paid by the Company for or with respect to any Member on account of any withholding tax or other tax payable with respect to the income, profits or distributions of the Company pursuant to the Code, the Treasury Regulations, or any state or local statute, regulation or ordinance requiring such payment (each a “Withholding Tax Act”) shall be treated as a distribution to such Member for all purposes of this Agreement.

More Definitions of Tax Payment Loan

Tax Payment Loan shall have the meaning set forth in Section 6.4(a) hereof.

Tax Payment Loan shall have the meaning given to such term in Section 7.8(a) of this Agreement.

Tax Payment Loan shall have the meaning set forth in Section 10.4(a) hereof.

Tax Payment Loan shall have the meaning ascribed to it in SECTION 6.5.

Tax Payment Loan is defined in Section 3.11.

Tax Payment Loan has the meaning ascribed to it in § 4.9 of the foregoing Agreement.

Tax Payment Loan has the meaning assigned that term in Section 4.05(c). Term has the meaning assigned that term in Section 2.06. 897613.05-WILSR01A - MSW Termination Fee has the meaning assigned that term in the Management Services Agreement.