Effect of Tax Distributions. Any Tax Distribution made pursuant to this Section 6.6 shall be considered an advance against the next distribution(s) payable to the applicable Member pursuant to Section 6.1 and shall reduce such distribution(s) on a dollar-for-dollar basis. No Member shall be liable to the Company for any amount distributed to it pursuant to this Section 6.6. or for any interest on such amount.
Appears in 5 contracts
Samples: Letter Agreement (Bioceres S.A.), Letter Agreement (Bioceres S.A.), Letter Agreement (Bioceres S.A.)
Effect of Tax Distributions. Any Tax Distribution made pursuant to this Section 6.6 5.2 shall be considered an advance against the next distribution(s) payable to the applicable Member pursuant to Section 6.1 5.1 and shall reduce such distribution(s) on a dollar-for-dollar basis. No If upon liquidation of the Company, any Member has received more distributions by virtue of this Section 5.2 than such Member otherwise would have been entitled without regard to this Section 5.2 then such Member shall be liable obligated to contribute to the Company for any amount distributed to it pursuant to this Section 6.6. the deficit balance in such Member’s Capital Account or for any interest on such amountexcess distributions, whichever is less.
Appears in 2 contracts
Samples: Operating Agreement (World Tree Usa, LLC), Operating Agreement (World Tree Usa, LLC)
Effect of Tax Distributions. Any Tax Distribution Distributions made pursuant to this Section 6.6 6.5 shall be considered an advance against the next distribution(s) distribution payable to the applicable Member pursuant to Section 6.1 and shall reduce such distribution(s) on a dollar-for-dollar basis. No Member shall be liable to the Company for any amount distributed to it pursuant to this Section 6.6. or for any interest on such amountdistributions.
Appears in 1 contract
Samples: Limited Liability Company Agreement (MSW Energy Finance Co Inc)
