Common use of Required Annual Tax Distribution Clause in Contracts

Required Annual Tax Distribution. Within sixty (60) days following the end of each fiscal year, the Company shall make an additional distribution to each Member in an amount equal to (i) the income tax liability of the Member attributable to the taxable income allocable to the Member for such fiscal year with respect to such Member’s membership interest, computed as set forth in Article 5, less (ii) the aggregate amount of distributions to such Member by the Company during such fiscal year, if the amount per clause (i) is greater than the amount per clause (ii); provided, however, that the Company shall only be obligated to make distributions pursuant to this Section 6.2 to the extent that it has cash available in the ordinary course of its business and this Section 6.2 shall not require the Company to liquidate non- cash assets, to borrow funds or to require additional capital contributions for the purpose of making such distributions. A Member’s income tax liability for purposes of this Section 6.2 shall be computed by multiplying the taxable income allocable to the Member by thirty-seven percent (37%). Article 7‌ Bank Accounts, Books of Account, Reports and Fiscal Year

Required Annual Tax Distribution. Within sixty (60) days following the end of each fiscal year, the Company shall make an additional distribution to each Member in an amount equal to (i) the income tax liability of the Member attributable to the taxable income allocable to the Member for such fiscal year with respect to such Member’s membership interest, computed as set forth in Article 5, less (ii) the aggregate amount of distributions to such Member by the Company during such fiscal year, if the amount per clause (i) is greater than the amount per clause (ii); provided, however, that the Company shall only be obligated to make distributions pursuant to this Section 6.2 to the extent that it has cash available in the ordinary course of its business and this Section 6.2 shall not require the Company to liquidate non- non-cash assets, to borrow funds or to require additional capital contributions for the purpose of making such distributions. A Member’s income tax liability for purposes of this Section 6.2 shall be computed by multiplying the taxable income allocable to the Member by thirty-seven forty percent (3740%). Article 7‌ Bank Accounts, Books of Account, Reports and Fiscal Year.

Required Annual Tax Distribution. Within sixty (60) days following the end of each fiscal year, the Company shall make an additional distribution to each Member in an amount equal to (i) the income tax liability of the Member attributable to the taxable income allocable to the Member for such fiscal year with respect to such Member’s membership interest, computed as set forth in Article 5, less (ii) the aggregate amount of distributions to such Member by the Company during such fiscal year, if the amount per clause (i) is greater than the amount per clause (ii); provided, however, that the Company shall only be obligated to make distributions pursuant to this Section 6.2 to the extent that it has cash available in the ordinary course of its business and this Section 6.2 shall not require the Company to liquidate non- cash assets, to borrow funds or to require additional capital contributions for the purpose of making such distributions. A Member’s income tax liability for purposes of this Section 6.2 shall be computed by multiplying the taxable income allocable to the Member by thirty-seven percent (37%). 37%).‌ Article 7‌ Bank Accounts, Books of Account, Reports and Fiscal Year

Required Annual Tax Distribution. Within sixty (60) days following the end of each fiscal year, the Company shall make an additional distribution to each Member in an amount equal to (i) the income tax liability of the Member attributable to the taxable income allocable to the Member for such fiscal year with respect to such Member’s membership interest, computed as set forth in Article 5Error: Reference source not found, less (ii) the aggregate amount of distributions to such Member by the Company during such fiscal year, if the amount per clause (i) is greater than the amount per clause (ii); provided, however, that the Company shall only be obligated to make distributions pursuant to this Section 6.2 to the extent that it has cash available in the ordinary course of its business and this Section 6.2 shall not require the Company to liquidate non- non-cash assets, to borrow funds or to require additional capital contributions for the purpose of making such distributions. A Member’s income tax liability for purposes of this Section 6.2 shall be computed by multiplying the taxable income allocable to the Member by thirty-seven forty percent (3740%). Article 7‌ Bank Accounts, Books of Account, Reports and Fiscal Year