Common use of Amounts Withheld Clause in Contracts

Amounts Withheld. All amounts withheld pursuant to the Code or any provision of any state, local or foreign tax law with respect to any payment, distribution or allocation to the Company or the Unit Holders shall be treated as amounts paid or distributed, as the case may be, to the Unit Holders with respect to which such amount was withheld pursuant to this Section 4.2 for all purposes under this Agreement. The Company is authorized to withhold from payments and distributions, or with respect to allocations, to the Unit Holders and to pay over to any federal, state, local or foreign government, any amounts required to be so withheld, and shall allocate any such amounts to the Unit Holders with respect to which such amount was withheld.

Appears in 43 contracts

Samples: Operating Agreement (Homeland Energy Solutions LLC), Operating Agreement (Southwest Iowa Renewable Energy, LLC), Operating Agreement (Highwater Ethanol LLC)

AutoNDA by SimpleDocs

Amounts Withheld. All amounts withheld pursuant to the Code or any provision of any state, local or foreign tax law with respect to any payment, distribution or allocation to the Company or the Unit Holders shall be treated as amounts paid or distributed, as the case may be, to the Unit Holders with respect to which such amount was withheld pursuant to this Section 4.2 for all purposes under this Agreement. The Company is authorized to withhold from payments and distributions, or with respect to allocations, allocations to the Unit Holders Holders, and to pay over to any federal, state, state and local government or any foreign government, any amounts required to be so withheldwithheld pursuant to the Code or any provisions of any other federal, state or local law or any foreign law, and shall allocate any such amounts to the Unit Holders with respect to which such amount was withheld.

Appears in 36 contracts

Samples: Operating Agreement, Operating Agreement (Comstock Mining Inc.), Member Control Agreement (Granite Falls Energy, LLC)

Amounts Withheld. All amounts withheld pursuant to the Code or any provision of any state, local or foreign tax law with respect to any payment, distribution or allocation to the Company or the Unit Holders shall be treated as amounts paid or distributed, as the case may be, to the Unit Holders with respect to which such amount was withheld pursuant to this Section 4.2 for all purposes under this Agreement. The Company is authorized to withhold from payments and distributions, or with respect to allocations, to the Unit Holders and to pay over to any federal, state, state and local government or any foreign government, any amounts required to be so withheldwithheld pursuant to the Code or any provisions of any other federal, state or local law or any foreign law, and shall allocate any such amounts to the Unit Holders with respect to which such amount was withheld.

Appears in 10 contracts

Samples: Operating Agreement (Advanced BioEnergy, LLC), Operating Agreement, Operating Agreement (Advanced BioEnergy, LLC)

Amounts Withheld. All amounts withheld pursuant to the Code or any provision of any state, local or foreign tax law with respect to any payment, distribution or allocation to the Company or the Unit Holders shall be treated as amounts paid or distributed, as the case may be, to the Unit Holders with respect to which such amount was withheld pursuant to this Section 4.2 for all purposes under this Agreement. The Company is authorized to withhold from payments and distributions, or with respect to allocations, allocations to the Unit Holders Holders, and to pay over to any federal, state, state and local government or any foreign government, any amounts required to be so withheldwithheld pursuant to the Code or any provisions of any other federal, state or local law or any foreign law, and shall allocate any such amounts to the Unit Holders with respect to which such amount was withheld.

Appears in 6 contracts

Samples: Operating Agreement (Iowa Renewable Energy, LLC), Operating Agreement (Western Dubuque Biodiesel, LLC), Operating Agreement (Iowa Renewable Energy, LLC)

Amounts Withheld. All amounts withheld pursuant to the Code or any provision of any state, local or foreign tax law with respect to any payment, distribution or allocation to the Company or the Unit Holders shall be treated as amounts paid or distributed, as the case may be, to the Unit Holders with respect to which such amount was withheld pursuant to this Section 4.2 for all purposes under this Agreement. The Company is authorized to withhold from payments and distributions, or with respect to allocations, allocations to the Unit Holders Holders, and to pay over to any federal, state, state and local government or any foreign government, any amounts required to be so withheldwithheld pursuant to the Code or any provisions of any other federal, state or local law or any foreign law, and shall allocate any such amounts to the Unit Holders Holder with respect to which such amount was withheld.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Amounts Withheld. All amounts withheld pursuant to the Code or any provision of any state, state or local or foreign tax law with respect to any payment, distribution or allocation to the Company or to the Unit Holders Members shall be treated as amounts paid or distributed, as the case may be, distributed to the Unit Holders with respect to which such amount was withheld Members pursuant to this Section 4.2 for all purposes under this Agreement. The Company is Manager(s) are authorized to withhold from payments and distributions, or with respect to allocations, to the Unit Holders Members and to pay over to any federal, state, state or local or foreign government, government any amounts required to be so withheldwithheld pursuant to the Code or any provisions of any other federal, state or local law and shall allocate any such amounts to the Unit Holders Members with respect to which such amount was withheld.

Appears in 1 contract

Samples: Amended and Restated Operating Agreement (Gin & Luck Inc.)

AutoNDA by SimpleDocs

Amounts Withheld. β€Œ All amounts withheld pursuant to the Code or any provision of any state, local or foreign tax law with respect to any payment, distribution or allocation to the Company or the Unit Holders shall be treated as amounts paid or distributed, as the case may be, to the Unit Holders with respect to which such amount was withheld pursuant to this Section 4.2 for all purposes under this Agreement. The Company is authorized to withhold from payments and distributions, or with respect to allocations, allocations to the Unit Holders Holders, and to pay over to any federal, state, state and local government or any foreign government, any amounts required to be so withheldwithheld pursuant to the Code or any provisions of any other federal, state or local law or any foreign law, and shall allocate any such amounts to the Unit Holders with respect to which such amount was withheld.

Appears in 1 contract

Samples: Operating Agreement

Amounts Withheld. All amounts withheld pursuant to the Code or any provision of any state, state or local or foreign tax law with respect to any payment, distribution distribution, or allocation to the Company or the Unit Holders shall be treated as amounts paid or distributed, as the case may be, distributed to the Unit Holders with respect to which such amount was withheld pursuant to this Section 4.2 Article VI for all purposes under this Agreement. The Company Manager is authorized to withhold from payments and distributions, distributions or with respect to allocations, to the Unit Holders allocations and to pay over to any federal, state, or local or foreign government, government any amounts amount required to be so withheldwithheld pursuant to the Code or any provisions of any other federal, state, or local law and shall allocate any such amounts amount to the Unit Holders Holder with respect to which such amount was withheld.

Appears in 1 contract

Samples: Operating Agreement

Amounts Withheld. All amounts withheld pursuant to the Code CODE or any provision of any state, local or foreign tax law with respect to any payment, distribution or allocation to the Company or the Unit Holders shall be treated as amounts paid or distributed, as the case may be, to the Unit Holders with respect to which such amount was withheld pursuant to this Section 4.2 for all purposes under this Agreement. The Company is authorized to withhold from payments and distributions, or with respect to allocations, allocations to the Unit Holders Holders, and to pay over to any federal, state, state and local government or any foreign government, any amounts required to be so withheldwithheld pursuant to the CODE or any provisions of any other federal, state or local law or any foreign law, and shall allocate any such amounts to the Unit Holders with respect to which such amount was withheld.

Appears in 1 contract

Samples: Operating Agreement (East Coast Ethanol, LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.