Common use of Making a Tax Distribution Clause in Contracts

Making a Tax Distribution. To the extent of Net Available Cash Flow, the Management Committee shall make quarterly distributions to each of the Members in an amount intended to enable each Member to discharge such Member’s U.S. federal, state and local income tax liabilities (including estimated income tax liabilities) arising from allocations of any items of Profits, Losses, income, gain, loss, expense, deduction and credit of the Company to the Member for which such an allocation is required (a “Tax Distributions”); provided, however, that any such Tax Distribution shall be subject to restrictions that may be imposed upon the Company by third party lenders.