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 Administrative 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 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 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 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. Unless otherwise unanimously agreed to by the Members, the Company shall, to the extent it has Available Cash, annually make distributions to the Members in proportion to their Percentage Interests to permit the Members to pay Federal income taxes with respect to their allocable shares of income from the Company for such taxable year. Such annual distributions shall be made within ninety (90) days of the close of the Company’s taxable year in question. For purposes of this Section 4.2.1, and unless otherwise unanimously agreed to by the Members, the Managers shall assume that the Members’ income from the Company is subject to the highest marginal federal income tax rate applicable to individuals.
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).
Distributions for Taxes. Subject to any restrictions imposed by third-party loans made to the Company, the Board shall make distributions from Distributable Cash Flow to the Members, pro rata in proportion to each Member’s Percentage Interest, within ninety (90) days after the end of each fiscal year of the Company (including any short fiscal year of the Company) in an aggregate amount sufficient such that the amount of distributions received by each Member pursuant to this Section 9.1A for such year and pursuant to Section 9.1B(iv) during such year equals or exceeds its estimated income tax liability for such year. For this purpose, the estimated income tax liability of a Member for a year equals (i) the highest normal (exclusive of personal holding company, accumulated income, alternative minimum tax and other similar taxes) combined federal and state income tax rate in effect for individuals or corporations (whichever is higher) for such year multiplied by (ii) the net taxable income of the Company for such year allocated to such Member. The calculation of net taxable income under this paragraph shall not include any built-in gain or built-in loss (if any) allocated to a Member under this Agreement under the principles of Section 704(c) of the IRC. Such distributions are hereinafter referred to as “Tax Distributions”. Tax Distributions, if any, shall be in cash and shall be treated as an advance of each Member’s distributions pursuant to Section 9.
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. The Management Committee may make distributions to the Members to the extent that the cash available to the Company is in excess of the reasonably anticipated needs of the business (including reserves) in order to permit Members (and in the case of any Member that is a partnership, S corporation or other flow-through entity for federal tax purposes, the beneficial owners of such entity) to pay taxes on their allocable share of the taxable income of the Company determined without regard to limitations on the allowance of deductions applicable to a particular Member and computed at the highest marginal federal income tax rate applicable to individuals on the receipt of dividends from Joe’s Crab Shack Holdings, Inc.
Distributions for Taxes. Subject to the provisions of Section 9.5, the Company shall annually distribute to each Member an amount of cash sufficient in amount to pay any state and federal income taxes on income earned by the Company and allocated to such Member, based upon the assumption that each Member pays federal and state income taxes at the marginal rate then applicable to the Member whose marginal combined federal and state income tax rate (taking into account the deductibility of state income taxes for federal income tax purposes) is the highest of any Member.
