Withheld Taxes. All amounts withheld pursuant to the Code or any provision of any state or local tax law with respect to any payment, distribution or allocation to the Company or the Members shall be treated as amounts distributed to the Members pursuant to this Article VI for all purposes of this Agreement. The Board is authorized to withhold from distributions, or with respect to allocations, to the Members and to pay over to any federal, state or local government any amounts required to be so withheld pursuant to the Code or any provision of any other federal, state or local law and shall allocate such amounts to those Members with respect to which such amounts were withheld.
Appears in 14 contracts
Samples: Limited Liability Company Agreement (Universal Compression Partners, L.P.), Limited Liability Company Agreement (Magellan Midstream Partners Lp), Limited Liability Company Agreement (SemGroup Energy Partners, L.P.)
Withheld Taxes. All amounts withheld pursuant to the Code or any provision of any state state, local or local foreign tax law with respect to any payment, distribution or allocation to the Company or the Members shall be treated as amounts distributed to the Members pursuant to this Article VI for all purposes of this Agreement. The Board is authorized to withhold from distributions, or with respect to allocations, to the Members and to pay over to any federal, state state, local or local foreign government any amounts required to be so withheld pursuant to the Code or any provision of any other federal, state state, local or local foreign law and shall allocate such amounts to those Members with respect to which such amounts were withheld.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Sunoco Logistics Partners L.P.), Limited Liability Company Agreement (Sunoco Logistics Partners Lp), Limited Liability Company Agreement (Sunoco Logistics Partners Lp)
Withheld Taxes. All amounts withheld pursuant to the Code or any provision of any other federal, state or local tax law with respect to any payment, distribution or allocation to the Company or the Members shall be treated as amounts distributed to the Members pursuant to this Article VI VIII for all purposes of this Agreement. The Board is authorized to withhold from distributions, or with respect to allocations, to the Members and to pay over to any federal, state or local government any amounts required to be so withheld pursuant to the Code or any provision of any other federal, state or local law and shall allocate such amounts to those Members with respect to which such amounts were withheld.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Oxford Resource Partners LP), Limited Liability Company Agreement (Oxford Resource Partners LP), Limited Liability Company Agreement (Oxford Resource Partners LP)
Withheld Taxes. All amounts withheld pursuant to the Code or any provision of any state or local tax law with respect to any payment, distribution or allocation to the Company or the Members shall be treated as amounts distributed to the Members pursuant to this Article VI 6 for all purposes of this Agreement. The Board is authorized to withhold from distributions, or with respect to allocations, to the Members and to pay over to any federal, state or local government any amounts required to be so withheld pursuant to the Code or any provision of any other federal, state or local law and shall allocate such amounts to those Members with respect to which such amounts were withheld.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Legacy Reserves L P), Limited Liability Company Agreement (Buckeye Partners L P)
Withheld Taxes. All amounts withheld pursuant to the Code or any provision of any state or local tax law with respect to any payment, distribution or allocation to the Company or the Members shall be treated as amounts distributed to the Members pursuant to this Article VI VIII for all purposes of this Agreement. The Board is authorized to withhold from distributions, or with respect to allocations, to the Members and to pay over to any federal, state or local government any amounts required to be so withheld pursuant to the Code or any provision of any other federal, state or local law and shall allocate such amounts to those Members with respect to which such amounts were withheld.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Quest Resource Corp), Limited Liability Company Agreement (Quest Resource Corp)
Withheld Taxes. All amounts withheld pursuant to the Code or any provision of any state or local tax law with respect to any payment, distribution or allocation to the Company or the Members shall be treated as amounts distributed to the Members pursuant to this Article VI for all purposes of this Agreement. The Board is authorized to withhold from distributions, or with respect to allocations, to the Members and to pay over to any federal, state or local government any amounts required to be so withheld pursuant to the Code or any provision of any other federal, state or local law Applicable Law and shall allocate such amounts to those Members with respect to which such amounts were withheld.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Quest Energy Partners, L.P.), Limited Liability Company Agreement (Quest Energy Partners, L.P.)