Over-withholding. Neither the Fund nor the Manager shall be liable for any excess taxes or other amounts withheld in respect of any Distribution or allocation of income or gain to a Member or otherwise paid to a Taxing Authority. In the event of an over withholding or payment to a Taxing Authority, a Member’s sole recourse shall be to apply for a refund from the appropriate Taxing Authority.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Over-withholding. Neither the Fund nor the Manager shall be liable for any excess taxes or other amounts withheld in respect of any Distribution or allocation of income or gain to a Member or otherwise paid to a Taxing AuthorityMember. In the event of an over withholding or payment to a Taxing Authoritywithholding, a Member’s 's sole recourse shall be to apply for a refund from the appropriate Taxing Authority.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
