Common use of Distributions for Taxes Clause in Contracts

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. (b) In addition to the certificates required by Section 5.7, the Partnership shall furnish the Partners with such information as they shall reasonably request from time to time respecting estimates of the Partnership's taxable income or loss (and items thereof) for any fiscal year or portion thereof. If, in any year, any Partner shall be required to make federal, state or local estimated income tax payments under applicable law and regulations, then, at least thirty (30) days prior to the date (the "Estimated Payment Date") upon which any such payments are due, the Partnership shall deliver to each Partner the certificates required by Section 5.7, indicating the amount (the "Estimated Payment") of the tax in respect of the respective Tax Amounts due on the Estimated Payment Date, and not later than fifteen (15) days prior to such Estimated Payment Date, the Partnership shall pay to such Partner an amount equal to such Estimated Payment. The amount of each Estimated Payment received by such Partner shall be treated as a non-interest bearing advance against the amounts distributable in respect of such Partner's pro rata share of Tax Amounts to such Partner for such year. If the aggregate amount of the Estimated Payments received by a Partner for any year shall exceed the distribution to which such Partner actually is entitled under paragraph (a) above, such Partner shall forthwith repay such excess to the Partnership on or before the date set forth in paragraph (a) above, unless such excess shall have been paid to taxing authorities in which event such excess shall be applied to reduce the amount otherwise distributable pursuant to this Section 6.2 in respect of the Partnership's next succeeding fiscal year or years. Each Partner shall seek, to the extent entitled thereto, and contribute to the Partnership any refund of taxes paid by such Partner out of amounts distributed pursuant to this Section 6.2 promptly after receipt of such refund.

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 Managing 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. (b) In addition to the certificates required by Section 5.79.5, the Partnership shall furnish the Partners with such information as they shall reasonably request from time to time respecting estimates of the Partnership's taxable income or loss (and items thereof) for any fiscal year or portion thereof. If, in any year, any Partner shall be required to make federal, state or local estimated income tax payments under applicable law and regulations, then, at least thirty (30) days prior to the date (the "Estimated Payment Date") upon which any such payments are due, the Partnership shall deliver to each Partner the certificates required by Section 5.79.5, indicating the amount (the "Estimated Payment") of the tax in respect of the respective Tax Amounts due on the Estimated Payment Date, and not later than fifteen (15) days prior to such Estimated Payment Date, the Partnership shall pay to such Partner an amount equal to such Estimated Payment. The amount of each Estimated Payment received by such Partner shall be treated as a non-interest bearing advance against the amounts distributable in respect of such Partner's pro rata share of Tax Amounts to such Partner for such year. If the aggregate amount of the Estimated Payments received by a Partner for any year shall exceed the distribution to which such Partner actually is entitled under paragraph (a) above, such Partner shall forthwith repay such excess to the Partnership on or before the date set forth in paragraph (a) above, unless such excess shall have been paid to taxing authorities in which event such excess shall be applied to reduce the amount otherwise distributable pursuant to this Section 6.2 10.2 in respect of the Partnership's next succeeding fiscal year or years. Each Partner shall seek, to the extent entitled thereto, and contribute to the Partnership any refund of taxes paid by such Partner out of amounts distributed pursuant to this Section 6.2 10.2 promptly after receipt of such refund.

Distributions for Taxes. (a) The Partnership LLC shall distribute to each Partner 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 PartnerMember's Percentage Interest. In addition, the Partnership LLC 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 PartnerMembers, to any item affecting Tax Amounts, as reflected on the PartnershipLLC's tax return, as it may be amended from time to time, or as a result of a concluded tax audit. (b) In addition to the certificates required by Section 5.75.5, the Partnership LLC shall furnish the Partners Members with such information as they shall reasonably request from time to time respecting estimates of the PartnershipLLC's taxable income or loss (and items thereof) for any fiscal year or portion thereof. If, in any year, any Partner Member shall be required to make federal, state or local estimated income tax payments under applicable law and regulations, then, at least thirty (30) days prior to the date (the "Estimated Payment Date") upon which any such payments are due, the Partnership LLC shall deliver to each Partner Member the certificates required by Section 5.75.5, indicating the amount (the "Estimated Payment") of the tax in respect of the respective Tax Amounts due on the Estimated Payment Date, and not later than fifteen (15) days prior to such Estimated Payment Date, the Partnership LLC shall pay to such Partner Member an amount equal to such Estimated Payment. The amount of each Estimated Payment received by such Partner Member shall be treated as a non-interest bearing advance against the amounts distributable in respect of such PartnerMember's pro rata share of Tax Amounts to such Partner Member for such year. If the aggregate amount of the Estimated Payments received by a Partner Member for any year shall exceed the distribution to which such Partner Member actually is entitled under paragraph (a) above, such Partner Member shall forthwith repay such excess to the Partnership LLC on or before the date set forth in paragraph (a) above, unless such excess shall have been paid to taxing authorities in which event such excess shall be applied to reduce the amount otherwise distributable pursuant to this Section 6.2 in respect of the PartnershipLLC's next succeeding fiscal year or years. Each Partner Member shall seek, to the extent entitled thereto, and contribute to the Partnership LLC any refund of taxes paid by such Partner Member out of amounts distributed pursuant to this Section 6.2 10.2 promptly after receipt of such refund.

Distributions for Taxes. (a) The Partnership LLC shall distribute to each Partner 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 PartnerMember's LLC Percentage Interest. In addition, the Partnership LLC 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 PartnerMembers, to any item affecting Tax Amounts, as reflected on the PartnershipLLC's tax return, as it may be amended from time to time, or as a result of a concluded tax audit. (b) In addition to the certificates required by Section 5.75.5, the Partnership LLC shall furnish the Partners Members with such information as they shall reasonably request from time to time respecting estimates of the PartnershipLLC's taxable income or loss (and items thereof) for any fiscal year or portion thereof. If, in any year, any Partner Member shall be required to make federal, state or local estimated income tax payments under applicable law and regulations, then, at least thirty (30) days prior to the date (the "Estimated Payment Date") upon which any such payments are due, the Partnership LLC shall deliver to each Partner Member the certificates required by Section 5.75.5, indicating the amount (the "Estimated Payment") of the tax in respect of the respective Tax Amounts due on the Estimated Payment Date, and not later than fifteen (15) days prior to such Estimated Payment Date, the Partnership LLC shall pay to such Partner Member an amount equal to such Estimated Payment. The amount of each Estimated Payment received by such Partner Member shall be treated as a non-interest bearing advance against the amounts distributable in respect of such PartnerMember's pro rata share of Tax Amounts to such Partner Member for such year. If the aggregate amount of the Estimated Payments received by a Partner Member for any year shall exceed the distribution to which such Partner Member actually is entitled under paragraph (a) above, such Partner Member shall forthwith repay such excess to the Partnership LLC on or before the date set forth in paragraph (a) above, unless such excess shall have been paid to taxing authorities in which event such excess shall be applied to reduce the amount otherwise distributable pursuant to this Section 6.2 in respect of the PartnershipLLC's next succeeding fiscal year or years. Each Partner Member shall seek, to the extent entitled thereto, and contribute to the Partnership LLC any refund of taxes paid by such Partner Member out of amounts distributed pursuant to this Section 6.2 promptly after receipt of such refund.