Mandatory Distribution. Except to the extent prohibited or limited by the provisions of Section 6.3(c) below, any other provision herein or applicable law, within thirty (30) days following the completion of the annual federal income tax return of the Company, the Company shall make distributions to the Members pro-rata based on their Relative Membership Interest in an amount equal to each party’s current year tax liability related to such Member’s Membership Interest in the Company (calculated based on each Member’s highest marginal rate); provided, however, that no mandatory distribution shall be made if the Company suffered a loss in the applicable year.
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Samples: Operating Agreement (Erie Shores Emergency Physicians, Inc.), Operating Agreement (Erie Shores Emergency Physicians, Inc.), Operating Agreement (Erie Shores Emergency Physicians, Inc.)
Mandatory Distribution. Except to the extent prohibited or limited by the provisions of Section 6.3(c) below, any other provision herein or applicable law, within thirty (30) days following the completion of the annual federal income tax return of the Company, the Company shall make distributions to the Members pro-rata based on their Relative Membership Interest in an amount equal to each party’s 's current year tax liability related to such Member’s 's Membership Interest in the Company (calculated based on each Member’s 's highest marginal rate); provided, however, that no mandatory distribution shall be made if the Company suffered a loss in the applicable year.
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