Common use of Taxes of Taxing Jurisdictions Clause in Contracts

Taxes of Taxing Jurisdictions. To the extent that the laws of any taxing jurisdiction requires, each Member (or such Members as may be required by the taxing jurisdiction) will submit an agreement indicating that the Member will make timely income tax payments to the taxing jurisdiction and that such Member accepts personal jurisdiction of the taxing jurisdiction with regard to the collection of income taxes attributable to the Member's income, and penalties and interest assessed on such income. If the Member fails to provide such agreement, the Company may withhold and pay over to such taxing jurisdiction the amount of tax, penalty, and interest determined under the laws of the taxing jurisdiction with respect to such income. Any such payments with respect to the income of a Member shall be treated as a distribution for purposes of Section 7.1.

Appears in 3 contracts

Samples: Operating Agreement (Sligo Partners LLC), Operating Agreement (Pacific Partners LLC), Operating Agreement (Sligo Partners LLC)

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Taxes of Taxing Jurisdictions. To the extent that the laws of any taxing jurisdiction requiresrequire, each the Member (or such Members as may be required by will prepare and the taxing jurisdiction) Member will execute and submit an agreement indicating that the Member will make timely income tax payments to the taxing jurisdiction and that such the Member accepts personal jurisdiction of the taxing jurisdiction with regard to the collection of income taxes attributable to the Member's income, and interest, and penalties and interest assessed on such income, if such agreement is required by the taxing jurisdiction. If the Member fails to provide such agreement, the Company may withhold and pay over to such taxing jurisdiction the amount of tax, penalty, penalty and interest determined under the laws of the taxing jurisdiction with respect to such income. Any such payments with respect to the income of a the Member shall be treated as a distribution for purposes of Section 7.1Article 5.

Appears in 3 contracts

Samples: Operating Agreement (Great Plains Energy Inc), Operating Agreement (Great Plains Energy Inc), Operating Agreement (Great Plains Energy Inc)

Taxes of Taxing Jurisdictions. To the extent that the laws of any taxing jurisdiction Taxing Jurisdiction requires, each the Manager will prepare and the Member (or such Members as may be required by the taxing jurisdiction) will execute and submit an agreement indicating that the Member will make timely income tax payments to the taxing jurisdiction Taxing Jurisdiction and that such the Member accepts personal jurisdiction of the taxing jurisdiction Taxing Jurisdiction with regard to the collection of income taxes attributable to the Member's ’s income, plus interest and penalties and interest assessed on such income, if such agreement is required by the Taxing Jurisdiction. If the Member fails to provide such agreement, the Company may withhold and pay over to such taxing jurisdiction Taxing Jurisdiction the amount of tax, penalty, penalty and interest determined under the laws of the taxing jurisdiction Taxing Jurisdiction with respect to such income. Any such payments with respect to the income of a Member shall be treated as a distribution for purposes of Section 7.1Article Eight.

Appears in 3 contracts

Samples: Operating Agreement (Williams Electronic Games, Inc.), Operating Agreement (Williams Electronic Games, Inc.), Operating Agreement (Williams Electronic Games, Inc.)

Taxes of Taxing Jurisdictions. To the extent that the laws of any taxing jurisdiction Taxing Jurisdiction requires, each the Member (or such Members as may be required by will prepare and the taxing jurisdiction) Member will execute and submit an agreement indicating that the Member will make timely income tax payments to the taxing jurisdiction Taxing Jurisdiction and that such the Member accepts personal jurisdiction of the taxing jurisdiction Taxing Jurisdiction with regard to the collection of income taxes attributable to the Member's incomeincome and interest, and penalties and interest assessed on such income, if such agreement is required by the Taxing Jurisdiction. If the Member fails to provide such agreement, the Company may withhold and pay over to such taxing jurisdiction Taxing Jurisdiction the amount of tax, penalty, penalty and interest determined under the laws of the taxing jurisdiction Taxing Jurisdiction with respect to such income. Any such payments with respect to the income of a Member shall be treated as a distribution for purposes of Section 7.1.such

Appears in 1 contract

Samples: Operating Agreement (Mesa Air New York, Inc.)

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Taxes of Taxing Jurisdictions. To the extent that the laws of any taxing jurisdiction requiresrequire, each the Member (or such Members as may be required by the taxing jurisdiction) will prepare, execute and submit an agreement indicating that the Member will make timely income tax payments to the taxing jurisdiction and that such the Member accepts personal jurisdiction of the taxing jurisdiction with regard to the collection of income taxes attributable to the Member's Member income, and interest and penalties and interest assessed on such income, if such agreement is required by the taxing jurisdiction. If the Member fails to provide such agreement, the Company may withhold and pay over to such taxing jurisdiction the amount of tax, penalty, penalty and interest determined under the laws of the taxing jurisdiction with respect to such income. Any such payments with respect to the income of a the Member shall be treated as a distribution for purposes of Section 7.1this Agreement.

Appears in 1 contract

Samples: Operating Agreement

Taxes of Taxing Jurisdictions. To the extent that the laws of any taxing jurisdiction Taxing Jurisdiction requires, each the Member (or such Members as may be required by will prepare and the taxing jurisdiction) Member will execute and submit an agreement indicating that the Member will make timely income tax payments to the taxing jurisdiction Taxing Jurisdiction and that such the Member accepts personal jurisdiction of the taxing jurisdiction Taxing Jurisdiction with regard to the collection of income taxes attributable to the Member's incomeincome and interest, and penalties and interest assessed on such income, if such agreement is required by the Taxing Jurisdiction. If the Member fails to provide such agreement, the Company may withhold and pay over to such taxing jurisdiction Taxing Jurisdiction the amount of tax, penalty, penalty and interest determined under the laws of the taxing jurisdiction Taxing Jurisdiction with respect to such income. Any such payments with respect to the income of a Member shall be treated as a distribution for purposes of Section 7.1Article VIII.

Appears in 1 contract

Samples: Operating Agreement

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