Common use of Effect of Tax Distributions Clause in Contracts

Effect of Tax Distributions. Any Tax Distributions made pursuant to this Section 4.1(a) shall be considered an advance against the next distributions payable to the Members pursuant to Section 4.1(b) and shall reduce such distributions.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Darling Ingredients Inc.), Limited Liability Company Agreement (Darling Ingredients Inc.), Limited Liability Company Agreement (Mascoma Corp)

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Effect of Tax Distributions. Any Tax Distributions made pursuant to this Section 4.1(a4.1 (a) shall be considered an advance against the next distributions payable to the Members pursuant to Section 4.1(b4.1( b) and shall reduce such distributions.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Mascoma Corp)

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