Distributions for Taxes. (a) The Partnership shall distribute to each Partner in one or more payments, including payments described in paragraph (b) from time to time during each year, but in no event later than March 1 of the year immediately following such year, an aggregate cash sum equal to the product of (i) Tax Amounts in respect of the taxable year, or portion thereof, for which such distribution is being made and (ii) the Partner's Percentage Interest. In addition, the Partnership shall make additional pro rata distributions as are necessary to reflect adjustments, as determined in good faith by the board of directors of the General Partner, to any item affecting Tax Amounts, as reflected on the Partnership's tax return, as it may be amended from time to time, or as a result of a concluded tax audit.
Distributions for Taxes. 30 Section 6.3.
Distributions for Taxes. The Managing General Partner shall also distribute after the completion of each calendar year such amounts of Cash From Sales or Financings (when considered with prior Distributions of Adjusted Cash From Operations) sufficient to allow a Limited Partner in a 28% federal income tax bracket to pay the income taxes due with respect to Net Income derived by him from the Sale or Disposition giving rise to such tax liability.
Distributions for Taxes. (a) The LLC shall distribute to each Member in one or more payments, including payments described in paragraph (b) from time to time during each year, but in no event later than March 1 of the year immediately following such year, an aggregate cash sum equal to the product of (i) Tax Amounts in respect of the taxable year, or portion thereof, for which such distribution is being made and (ii) the Member's LLC Percentage Interest. In addition, the LLC shall make additional pro rata distributions as are necessary to reflect adjustments, as determined in good faith by the Members, to any item affecting Tax Amounts, as reflected on the LLC's tax return, as it may be amended from time to time, or as a result of a concluded tax audit.
Distributions for Taxes. The Manager shall use commercially reasonable efforts to distribute cash to each Member in proportion to and to the extent of the Member’s Quarterly Estimated Tax Amount for the applicable calendar quarter (Tax Advance). The Tax Advance must be distributed at least five days before each date on which the quarterly installments of estimated tax prescribed by the Code for a calendar-year corporation are due. The LLC’s obligation to distribute the Tax Advance will be subject to any restrictions in any then applicable debt-financing arrangements of the LLC and subject to the Manager’s sole discretion to retain any other amounts necessary to satisfy the LLC’s obligations.
Distributions for Taxes. (a) The Company shall make distributions at such times and in such amounts as determined by the Board of Directors. Subject to Section 4.1(b), distributions shall be made to Members in proportion to the Units held by each Member. All amounts withheld pursuant to the Code or any provisions of state or local tax law with respect to any payment or distribution to the Members from the Company shall be treated as amounts distributed to the relevant Member or Members.
Distributions for Taxes. Before March 15 of the year following the end of a fiscal year the accountants employed by the Partnership shall determine the marginal amount of federal, state and local income taxes incurred by each Partner on such Partner's allocable share of the Profits and Losses of the Partnership for such fiscal year. Before March 31 following such March 15 the Partnership shall distribute to each Partner in respect of such fiscal year, but only after giving priority to the distributions provided for in Section 4.1(a), an amount equal to the EXCESS (if any) OF such marginal taxes OVER the aggregate amount otherwise distributed to such Partner in respect of such fiscal year.
Distributions for Taxes. During the first two years after the Final Closing Date, the Managing General Partner shall also distribute after the completion of each calendar year such amounts of Cash From Sales or Refinancings (when considered with prior distributions of Distributable Cash From Operations) sufficient to allow a Limited Partner in a 25% federal income tax bracket to pay the income taxes due with respect to Net Income derived by him from the Sale or Disposition giving rise to such Cash From Sales or Refinancings.
Distributions for Taxes. If the Managing General Partner determines that distributions under the preceding paragraph 4.2 are insufficient to enable the Partners to pay federal and state income taxes attributable to Partnership items, then the Partnership shall make additional distributions as the Managing General Partner decides for that purpose.
Distributions for Taxes. Notwithstanding any other restrictions contained herein, on a quarterly basis the Company will make distributions of cash to the extent permitted under Delaware law adequate to cover any tax liability (calculated using the highest applicable tax rate) of the Members created through the activities of the Company to the extent Net Cash is available, but only to the extent that the Company maintains sufficient cash flow to cover its existing operations for the next 6 months (for the avoidance of doubt this would exclude optional new acquisitions or developments).
