Common use of Taxes of Taxing Jurisdictions Clause in Contracts

Taxes of Taxing Jurisdictions. To the extent that the laws of any jurisdiction having jurisdiction or authority to tax the income or gain of any Member require, each Member requested to do so by the Company will submit an agreement indicating that the Member will make timely income tax payments to such jurisdiction and that the Member accepts personal jurisdiction of such 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 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 VIII. The 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 to such jurisdiction the tax, interest and penalties attributable to some or all of the Members with respect to such income, in which case the Company shall inform the Members of the amount of such tax, interest and penalties so paid.