Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction requires, each Member and Economic Interest holder (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 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 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 Article IV above. The Managers may, where permitted by the rules of any Taxing Jurisdiction, file a composite, combined or aggregate tax return reflecting the income of the Company and pay the tax, interest and penalties of some or all of the Members on such income to the Taxing Jurisdiction, in which case the Company shall inform the Members of the amount of such tax interest and penalties so paid.
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Samples: Operating Agreement (Opening Night Enterprises, LLC), Operating Agreement (Opening Night Enterprises, LLC), Operating Agreement (Opening Night Enterprises, LLC)
Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction requiresrequire, each Member and Economic Interest economic interest holder (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 the Member accepts personal jurisdiction of the Taxing Jurisdiction with regard to the collection of income taxes attributable to the Member’s 's income, and interest, interest and penalties 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 Article IV above. The Managers Member-Manager may, where permitted by the rules of any Taxing Jurisdiction, file a composite, combined or aggregate tax return reflecting the income of the Company and pay the tax, interest and penalties of some or all of the Members on such income to the Taxing Jurisdiction, in which case the Company shall inform the Members of the amount of such tax tax, interest and penalties so paid.
Appears in 1 contract
Samples: Operating Agreement (NHP Inc)
Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction requiresrequire, each Member and Economic Interest holder Assignee (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 the Member accepts personal jurisdiction of the Taxing Jurisdiction with regard to the collection of income taxes attributable to the Member’s 's income, and interest, and penalties 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 distribution for purposes of Article IV above9. The Managers may, where permitted by the rules of any Taxing Jurisdiction, file a composite, combined or aggregate tax return reflecting the income of the Company and pay the tax, interest and penalties of some or all of the Members on such income to the Taxing Jurisdiction, in which case the Company shall inform the Members of the amount of such tax tax, interest and penalties so paid.
Appears in 1 contract
Samples: Operating Agreement (Environmental Safeguards Inc/Tx)
Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction requires, each Member and Economic Interest holder (or such Members as may be required Holder requested to do so by the Taxing Jurisdiction) JV Board or Manager will submit an agreement indicating that the Member Holder will make timely income tax payments to the Taxing Jurisdiction and that the Member Holder accepts personal jurisdiction of the Taxing Jurisdiction with regard to the collection of income taxes attributable to the MemberHolder’s income, and interest, and penalties assessed on such income. If the Member Holder 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 Holder shall be treated as a Distribution distribution to such Holder for purposes of Article IV aboveARTICLE XI. The Managers Company may, where permitted by the rules of any Taxing Jurisdiction, file a composite, combined or aggregate tax return reflecting the income of the Company and pay the tax, interest and penalties of some or all of the Members Holders on such income to the Taxing Jurisdiction, in which case the Company shall inform the Members Holders of the amount of such tax tax, interest and penalties so paid.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Nurx Pharmaceuticals, Inc.)
Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction requiresrequire, each Member and Economic Interest economic interest holder (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 the Member accepts personal jurisdiction of the Taxing Jurisdiction with regard to the collection of income taxes attributable to the Member’s 's income, and interest, interest and penalties 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 Article IV above9. The Managers Member-Manager may, where permitted by the rules of any Taxing Jurisdiction, file a composite, combined or aggregate tax return reflecting the income of the Company and pay the tax, interest and penalties of some or all of the Members on such income to the Taxing Jurisdiction, in which case the Company shall inform the Members of the amount of such tax tax, interest and penalties so paid.
Appears in 1 contract
Samples: Operating Agreement (NHP Inc)
Taxes of Taxing Jurisdictions. To the extent that the laws of any Taxing Jurisdiction requiresrequire, each Member and Economic Interest economic interest holder (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 the Member accepts personal jurisdiction of the Taxing Jurisdiction with regard to the collection of income taxes attributable to the Member’s 's income, and interest, interest and penalties 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 Article IV above. The Board of Managers may, where permitted by the rules of any Taxing Jurisdiction, file a composite, combined or aggregate tax return reflecting the income of the Company and pay the tax, interest and penalties of some or all of the Members on such income to the Taxing Jurisdiction, in which case the Company shall inform the Members of the amount of such tax tax, interest and penalties so paid.
Appears in 1 contract
Samples: Operating Agreement (NHP Inc)