FEES TO MEMBERS OR AFFILIATES. Notwithstanding the provisions of Section 4.1, in the event that any fees, interest or other amounts paid to any Member or any Affiliate thereof pursuant to this Agreement or any other agreement between the LLC and any Member or Affiliate thereof providing for the payment of such amount, and deducted by the LLC in reliance on Section 707(a) and/or 707(c) of the Code, are disallowed as deductions to the LLC on its federal income tax return and are treated as LLC distributions, then:
Appears in 5 contracts
Samples: Limited Liability Company Operating Agreement (Euroweb International Corp), Limited Liability Company Operating Agreement (Euroweb International Corp), Limited Liability Company Operating Agreement (Emvelco Corp.)
FEES TO MEMBERS OR AFFILIATES. Notwithstanding the provisions of Section 4.1, in the event that any fees, interest interest, or other amounts paid to any Member or any Affiliate thereof pursuant to this Agreement or any other agreement between the LLC and any Member or Affiliate thereof providing for the payment of such amount, and deducted by the LLC in reliance on Section 707(a) and/or 707(c) of the Code, are disallowed as deductions to the LLC on its federal income tax return and are treated as LLC distributions, then:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (NBC Internet Inc), Limited Liability Company Agreement (Cnet Inc /De)
FEES TO MEMBERS OR AFFILIATES. Notwithstanding the provisions of Section 4.1, in the event that any fees, interest interest, or other amounts paid to any Member or any Affiliate thereof pursuant to this Agreement or any other agreement between the LLC and any Member or Affiliate thereof providing for the payment of such amount, and deducted by the LLC in reliance on Section 707(a) and/or 707(c) of the Code, are disallowed as deductions to the LLC on its federal income tax return and are treated as LLC distributions, then:
Appears in 2 contracts
Samples: Company Operating Agreement (Kennedy Wilson Inc), Limited Liability Company Operating Agreement (Tsecrp Inc)
FEES TO MEMBERS OR AFFILIATES. Notwithstanding the provisions of Section 4.15.1, in the event that any fees, interest or other amounts paid to any Member or any Affiliate thereof pursuant to this Agreement or any other agreement between the LLC and any Member or Affiliate thereof providing for the payment of such amount, and deducted by the LLC in reliance on Section 707(a) and/or 707(c) of the Code, are disallowed as deductions to the LLC on its federal income tax return and are treated as LLC distributions, then:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Imx Pharmaceuticals Inc)
FEES TO MEMBERS OR AFFILIATES. Notwithstanding the provisions of Section 4.141, in the event that any fees, interest interest, or other amounts paid to any Member or any Affiliate thereof pursuant to this Agreement or any other agreement between the LLC and any Member or Affiliate thereof providing for the payment of such amount, and deducted by the LLC in reliance on Section 707(a) and/or 707(c) of the Code, are disallowed as deductions to the LLC on its federal income tax return and are treated as LLC distributions, then:
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (G&l Realty Corp)
