Authority to Withhold. To the extent the Company is required by law to withhold or to make tax payments on behalf of or with respect to any Member (e.g., (i) backup withholding, (ii) withholding with respect to Members that are neither citizens nor residents of the United States, or (iii) withholding with respect to Members that are not residents of any state that the Company is required to withhold from (collectively, “Tax Advances”)), the Company may withhold such amounts and make such tax payments as may be required.
Authority to Withhold. Coastal may withhold commission payments if the Producer does not provide to Coastal in timely manner documentation in its possession that the law requires the Insurer or Coastal to maintain. Upon receipt, Coastal shall release any withheld commission payments to the Producer.
Authority to Withhold. Citizens reserves the right to withhold, offset or deny payment of commission should the Agency’s or any of its Agent’s authority to conduct Citizens’Citizens business be suspended or terminated or should the Agency otherwise not fully comply with the terms of this Agreement. Additionally, Citizens may withhold or deny commissions on any policy or coverage not submitted in accordance with the Agent Guidelines.
Authority to Withhold. Notwithstanding any other provision of this Agreement, each Member hereby authorizes the Company to withhold and to pay over, or otherwise pay, any withholding or other taxes payable by the Company or any of its Affiliates (pursuant to the Code or any provision of United States federal, state, or local or foreign tax Law) as a result of such Member’s status as a Member. The Company shall provide notice to such Member of any such payment required to be made as soon as reasonably practicable. If and to the extent that the Company shall be required to withhold or pay any such withholding or other taxes, such Member shall be deemed for all purposes of this Agreement to have received a payment from the Company as of the time such withholding or other tax is required to be paid, which payment shall be deemed to be a distribution of Available Cash with respect to such Member’s Interest to the extent that such Member (or any successor to such Member’s Interest) would have received a distribution but for such withholding. To the extent that the aggregate of such deemed payments to a Member for any period exceeds the distributions that such Member would have received for such period but for such withholding, the Company shall notify such Member as to the amount of such excess and such Member shall make a prompt payment to the Company of such amount by wire transfer.
Authority to Withhold. Upon the written advice of the Company's legal tax counsel, the Company shall be entitled to collect, withhold and make payments on behalf of or with respect to any Member's allocable share of Company income or gain, in amounts required to discharge any obligation of the Company to withhold or make payments to any governmental authority with respect to any federal, state, and local tax liability of such Member arising as a result of such Member's Interest in the Company. Any amount withheld pursuant to the foregoing sentence shall be treated for all purposes of this Agreement as having been paid or distributed to such Member and shall reduce, on a dollar for dollar basis, amounts otherwise payable of distributable to such Member under this Agreement. Each Member hereby agrees to indemnify and hold harmless the Company for, from and against any liability with respect to amounts paid or withheld under this Section 10.3 on behalf of or with respect to such Member.
Authority to Withhold. Upon the written advice of the Partnership’s legal tax counsel, the Partnership shall be entitled to collect, withhold and make payments on behalf of or with respect to any Partner’s allocable share of Partnership income or gain, in amounts required to discharge any obligation of the Partnership to withhold or make payments to any governmental authority with respect to any federal, state, and local tax liability of such Partner arising as a result of such Partner’s Interest in the Partnership. Any amount withheld pursuant to the foregoing sentence shall be treated for all purposes of this Agreement as having been paid or distributed to such Partner and shall reduce, on a dollar for dollar basis, amounts otherwise payable of distributable to such Partner under this Agreement. Each Partner hereby agrees to indemnify and hold harmless the Partnership for, from and against any liability with respect to amounts paid or withheld under this Section 2.10 on behalf of or with respect to such Partner.
Authority to Withhold. Manager may withhold commission payments if the Producer does not provide to manager in a timely manner documentation in its possession required by Manager under this Agreement. Upon receipt, Manager shall release any withheld commission payments to the Producer.
Authority to Withhold. The Company shall be entitled to collect, withhold and make payments on behalf of or with respect to any Member’s allocable share of Profits or other items of gain or income, in amounts required to discharge any obligation of the Company to withhold or make payments to any governmental authority with respect to any Federal, state, and local tax liability of such Member arising as a result of such Member's Interest in the Company. Any amount withheld pursuant to the foregoing sentence shall be treated for all purposes of this Agreement as having been paid or distributed to such Member and shall reduce, on a dollar for dollar basis, amounts otherwise payable or distributable to such Member under this Agreement.
Authority to Withhold. Treatment of Withheld Tax.. 9
Authority to Withhold. The Members hereby irrevocably authorize the General Manager to withhold from amounts otherwise distributable or allocable (whether or not distributable) to any Member, any and all amounts as may be required, from time to time, to be withheld with respect to such Member under the provisions of Sections 1441, 1442, 1445 or 1446 of the Code and any applicable Regulations or any other applicable provision of federal, state or local income or other tax law. To the extent that any amount is required to be so withheld with respect to a Member, such amount shall be treated as a distribution of Available Cash Flow to such Member. If the amount so deemed to be distributed exceeds the amount, if any, which the Member would then otherwise be entitled to receive as a distribution of Available Cash Flow (excluding loan payments) under the Agreement, then such Member shall be obligated to make a Capital Contribution of cash in the amount of such excess on or before the date on which the LLC is required to withhold the tax, unless the LLC agrees to an extension of the date for payment. IMX shall be responsible for all other taxes relating to or arising from its Interest in the LLC or in the formation of the LLC and IMX agrees to indemnify LLC for any liabilities arising from IMX's Interest in the LLC or in connection with the formation of the LLC.
