FEES TO MEMBERS OR AFFILIATES. Notwithstanding the provisions of Section 4.l, 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 Company and any Member or Affiliate thereof providing for the payment of such amount, and deducted by the Company in reliance on Section 707(a) and/or 707(c) of the Code, are disallowed as deductions to the Company on its federal income tax return and are treated as Company distributions, then
Appears in 3 contracts
Samples: Exhibit Xiii (Blackhawk Investors LLC), Limited Liability Company Agreement (Ziegler William R), Limited Liability Company Agreement (White Owl Investors LLC)
FEES TO MEMBERS OR AFFILIATES. Notwithstanding the provisions of this Section 4.l4, 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 Company and any Member or Affiliate thereof providing for the payment of such amount, and deducted by the Company in reliance on Section 707(a) and/or 707(c) of the Code, are disallowed as deductions to the Company on its federal income tax return and are treated as Company distributions, then:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Whitney Information Network Inc), Limited Liability Company Agreement (Whitney Information Network Inc)
FEES TO MEMBERS OR AFFILIATES. Notwithstanding the provisions of ----------------------------- Section 4.l4.1, 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 Company LLC and any Member or Affiliate thereof providing for the payment of such amount, and deducted by the Company LLC in reliance on Section 707(a) and/or 707(c) of the Code, are disallowed as deductions to the Company LLC on its federal income tax return and are treated as Company LLC distributions, then
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Demattos Carlos D)
FEES TO MEMBERS OR AFFILIATES. Notwithstanding the provisions of Section 4.l4.1, 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 Company and any Member or Affiliate thereof providing for the payment of such amountotherwise, and deducted by the Company in reliance on Section Code Sections 707(a) and/or 707(c) of the Code), are disallowed as deductions to the Company on its federal income tax return and are treated as Company distributions, thenthen β
Appears in 1 contract
FEES TO MEMBERS OR AFFILIATES. Notwithstanding the provisions of Section 4.l6.1, 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 Company and any Member or Affiliate thereof providing for the payment of such amount, and deducted by the Company in reliance on Section 707(a) and/or 707(c) of the Code, are disallowed as deductions to the Company on its federal income tax return and are treated as Company distributions, then
Appears in 1 contract
