Common use of Withholding Advances Clause in Contracts

Withholding Advances. To the extent the Partnership is required by Applicable Law to withhold or to make tax payments on behalf of or with respect to any Partner (e.g., backup withholding, and any payment of liabilities pursuant to the Partnership Audit Provisions that is attributed to a Partner as determined by the General Partner) (“Withholding Advances”), the Partnership may withhold such amounts and make such tax payments as so required.

Appears in 7 contracts

Samples: Limited Partnership Agreement (TPG Inc.), Limited Partnership Agreement (TPG Gp A, LLC), Limited Partnership Agreement (TPG Inc.)

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Withholding Advances. To the extent the Partnership is required by Applicable Law law to withhold or to make tax payments on behalf of or with respect to any Partner or Former Partner (e.g., backup withholdingwithholding and with respect to gross proceeds, income allocable to any Partner, distributions to any Partner or Former Partner or otherwise related to or in respect of any Partner or Former Partner), including any interest and any payment of liabilities pursuant to the Partnership Audit Provisions that is attributed to a Partner as determined by the General Partner) penalties imposed thereon, or with respect thereto (such amounts, “Withholding Advances”), the Partnership General Partner may withhold such amounts and make such tax payments as so required.

Appears in 1 contract

Samples: Limited Partnership Agreement (New Mountain Vantage Advisers, L.L.C.)

Withholding Advances. To the extent the Partnership is required by Applicable Law to withhold or to make tax payments on behalf of or with respect to any Partner (e.g., including backup withholding, withholding and any tax payment of liabilities made by the Partnership pursuant to Section 6225 of the Partnership Audit Provisions Code that is attributed attributable to a Partner as determined by the General such Partner) (“Withholding Advances”), the Partnership may withhold such amounts and make such tax payments as so required.

Appears in 1 contract

Samples: Limited Partnership Agreement (Galaxy Digital Holdings Ltd.)

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Withholding Advances. To the extent the Partnership is required by Applicable Law to withhold or to make tax payments on behalf of or with respect to any Partner (e.g., backup withholding, and any payment of liabilities pursuant to the Partnership Audit Provisions that is attributed to a Partner as determined by the General PartnerPartnership) (“Withholding Advances”), the Partnership may withhold such amounts and make such tax payments as so required.

Appears in 1 contract

Samples: Limited Partnership Agreement (TPG Partners, LLC)

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