Withholding from Distributions. To the extent that the Company is required by law to withhold or to make tax or other payments on behalf of or with respect to any Member, the Company may withhold such amounts from any distribution and make such payments as so required. For purposes of this Agreement, any such payments or withholdings shall be treated as a distribution to the Member on behalf of whom the withholding or payment was made.
Withholding from Distributions. The General Partner may establish reserves for expenses, liabilities or contingencies (including those not addressed by GAAP) arising from events occurring during the period of time during which a withdrawing Limited Partner was a Limited Partner of the Partnership including, without limitation, contingent liabilities relating to pending or anticipated litigation, IRS audits or other governmental proceedings, which could reduce the amount of a distribution upon withdrawal. 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 Partnership or to the Partners shall be treated as amounts distributed to the Partners pursuant to this Article IV for all purposes of the Agreement. The Partnership is authorized to withhold from distributions, or with respect to allocations, to the Partners and to pay over to any federal, state or local government any amount required to be withheld pursuant to the Code or any provisions of any other federal, state or local law and may allocate any such amounts among the Partners in any manner that is in accordance with applicable law. If there are any assets that, in the judgment of the General Partner, cannot be valued properly until sold or realized or cannot be sold without sacrificing a substantial portion of the value thereof, such assets may be excluded from the valuation of assets for purposes of computing the amount available for distribution to a Limited Partner upon withdrawal of any portion of its Capital Account pursuant to this Article IV. Any Partner’s pro rata interest in such assets shall not be paid until such time as the General Partner, in its sole and absolute discretion, determines that circumstances no longer require such assets to be so excluded (in whole or in part). If there is any contingent liability of the Partnership or any pending transaction or claim by the Partnership as to which the withdrawing Partner’s share of such liability or claim cannot, in the judgment of the General Partner, then be determined, the probable loss or liability, or value of the claim, as the case may be, may be excluded from the valuation of assets or liabilities for purposes of computing the amount owing to any Partner upon its withdrawal pursuant to this Article IV. No amount shall be paid or charged to any such Partner’s Capital Account on account of any such contingency, transaction or claim until its final settlement or such e...
Withholding from Distributions. Pursuant to and in accordance with the terms of the Plan, the Trustee may withhold from amounts distributable to any Beneficiary any and all amounts, determined in the Trustee’s reasonable sole discretion, to be required by any law, regulation, rule, ruling, directive or other governmental requirement.
Withholding from Distributions. The Fund may withhold from distributions or with respect to allocations and pay over to any federal, state or local government any amount required to be withheld pursuant to the Code or any provision of any other federal, state or local law and may allocate any such amounts among the Members in any manner that is in accordance with applicable law. 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 Fund or to the Members shall be treated as amounts distributed to the Members pursuant to this Article 6 or Article 12 for all purposes of the Agreement.
Withholding from Distributions. Company may withhold from distributions or with respect to allocations and pay over to any federal, state, or local government any amount required to be withheld pursuant to the Code or any provision of any other federal, state, or local law and may allocate any such amounts among the Holders in any manner that is in accordance with applicable law. 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 to the Holders will be treated as amounts distributed to the Holders pursuant to this ARTICLE IV for all purposes of the Agreement.
Withholding from Distributions. The Trustee, in its discretion, may cause the Trust to withhold from amounts distributable from the Trust to any holder of an Allowed Claim any and all amounts as may be sufficient to pay the maximum amount of any tax or other charge that has been or might be assessed or imposed by any law, regulation, rule, ruling, directive, or other governmental requirement on such Claimant or the Trust with respect to the amount to be distributed to such Claimant. The Trustee shall determine such maximum amount to be withheld by the Trust in its sole, reasonable discretion and shall cause the Trust to distribute to the Claimant any excess amount withheld.
Withholding from Distributions. Notwithstanding any other provision of this Agreement to the contrary, each Member authorizes the Fund to withhold and to pay over to the Service (or any other applicable taxing authority), or otherwise pay, any withholding or other taxes payable by the Fund with respect to such Member as a result of such Member’s participation in the Fund or a subsidiary. If and to the extent that the Fund is required to withhold or to pay any such taxes, such Member shall be deemed for all purposes to have received a distribution from the Fund with respect to such Member’s Membership Interest at the time such withholding or tax is withheld or paid. If the aggregate amount of such withholdings or payments for a Member exceeds the distribution to which such Member is entitled for such period, then the amount of such excess shall be considered a loan from the Fund to such Member. Such loan shall bear interest at the greater of
Withholding from Distributions. 6 ARTICLE V MANAGERS.............................................................................................. 6
Withholding from Distributions. The Company may withhold from distributions and pay over to any federal, state or local government any amount required to be withheld pursuant to the Internal Revenue Code of 1986, as amended (the “Code”) or any provision of any other federal, state, or local law. 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 to the Member shall be treated as amounts distributed to the Member pursuant to this Article IV for all purposes of this Agreement.
Withholding from Distributions. The Partnership may withhold from distributions or with respect to allocations and pay over to any federal, state or local government any amount required to be withheld pursuant to the Code or any provision of any other federal, state, or local law and may allocate any such amounts among the Partners in any manner that is in accordance with applicable law. 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 Partnership or to the Partners shall be treated as amounts distributed to the Partners pursuant to this ARTICLE V for all purposes of the Agreement.
