Common use of Member Tax Information Clause in Contracts

Member Tax Information. Within 120 days after the end of each Taxable Year, the Company shall deliver to each Person who was a Member at any time during such Taxable Year a Form K-1 and such other information, if any, with respect to the Company as may be necessary for the preparation of such Member’s federal, state and local income tax returns, including a statement showing such Member’s share of income, gain or loss, expense and credits for such Taxable Year for federal income tax purposes. Any deficiency for taxes imposed on any Member (including penalties, additions to tax or interest imposed with respect to such taxes) shall be paid by such Member, and if paid by the Company, shall be recoverable from such Member pursuant to Section 12.13; provided, however, that this sentence shall not be construed to prevent the operation of Section 5.5 (tax distributions).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Exopack Advanced Coatings, LLC)

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Member Tax Information. Within 120 90 days after the end of each Taxable Year, the Company shall deliver Board or Officers will cause to be delivered to each Person who was a Member at any time during such Taxable Year a Form K-1 and such other information, if any, with respect to the Company Company, as may be necessary for the preparation of such Member’s 's federal, state and local income tax returns, including a statement showing such Member’s 's share of income, gain or loss, expense and credits for such Taxable Year for federal income tax purposes. Any deficiency for taxes imposed on any Member (including penalties, additions to tax or interest imposed with respect to such taxes) shall be paid by such Member, and if paid by the Company, shall be recoverable from such Member pursuant to Section 12.13; provided, however, that this sentence shall not be construed to prevent the operation of Section 5.5 (tax distributions)6.9.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Atrium Companies Inc)

Member Tax Information. Within 120 days after the end of each Taxable Year, the Company shall deliver to each Person who was a Member at any time during such Taxable Year a Form K-1 and such other information, if any, with respect to the Company as may be necessary for the preparation of such Member’s federal, state and local income tax returns, including a statement showing such Member’s share of income, gain or loss, expense and credits for such Taxable Year for federal income tax purposes. Any deficiency for taxes imposed on any Member (including penalties, additions to tax or interest imposed with respect to such taxes) shall be paid by such Member, and if paid by the Company, shall be recoverable from such Member pursuant to Section 12.13; provided, however, that this sentence shall not be construed to prevent the operation of Section 5.5 (tax distributionsTax Distributions).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Exopack Advanced Coatings, LLC)

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Member Tax Information. Within 120 days after the end of each Taxable Year, the Company shall deliver to each Person who was a Member at any time during such Taxable Year a Form K-1 and such other information, if any, with respect to the Company as may be necessary for the preparation of such Member’s federal, state and local income tax returns, including a statement showing such Member’s share of income, gain or loss, expense and credits for such Taxable Year for federal income tax purposes. Any deficiency for taxes imposed on any Member (including penalties, additions to tax or interest imposed with respect to such taxes) shall be paid by such Member, and if paid by the Company, shall be recoverable from such Member pursuant to Section 12.1312.11; provided, however, that this sentence shall not be construed to prevent the operation of Section 5.5 (tax distributions).. Exhibit 3.1

Appears in 1 contract

Samples: Limited Liability Company Agreement (Exopack Holding Corp)

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