Treatment of Guaranteed Payments. The distributions provided for in Section 4.1(a)(i) are required to be made without regard to the income of the Company and shall be treated as guaranteed payments as described in Code Section 707(c). No Member shall take a position inconsistent with such treatment.
Appears in 3 contracts
Samples: Operating Agreement (Coaxial LLC), Operating Agreement (Insight Communications Co Inc), Operating Agreement (Insight Communications of Central Ohio LLC)
Treatment of Guaranteed Payments. The distributions provided for in -------------------------------- Section 4.1(a)(i) are required to be made without regard to the income of the Company and shall be treated as guaranteed payments as described in Code Section 707(c). No Member shall take a position inconsistent with such treatment.
Appears in 1 contract
Samples: Operating Agreement (Insight Communications Co Inc)
