Withholding from Distributions to the Partnership. In the event that the Partnership receives a distribution from or in respect of which tax has been withheld, the Partnership shall be deemed to have received cash in an amount equal to the amount of such withheld tax, and each Partner shall be deemed to have received as a distribution of Distributable Cash pursuant to the relevant clause of Section 6.3 the portion of such amount that is attributable to such Partner's interest in the Partnership as equitably determined by the General Partner.
Appears in 3 contracts
Samples: Limited Partnership Agreement (Marsh & McLennan Companies Inc), Limited Partnership Agreement (Marsh & McLennan Companies Inc), Limited Partnership Agreement (Marsh & McLennan Companies Inc)
Withholding from Distributions to the Partnership. In the event that the Partnership receives a distribution from or in respect of which tax has been withheld, the Partnership shall be deemed to have received cash in an amount equal to the amount of such withheld tax, and each Partner shall be deemed to have received as a distribution of Distributable Cash pursuant to the relevant clause of Section 6.3 the portion of such amount that is attributable to such Partner's interest in the Partnership as equitably determined by the General Partner.
Appears in 1 contract
Samples: Limited Partnership Agreement (Marsh & McLennan Companies Inc)
Withholding from Distributions to the Partnership. In the event that If the Partnership receives a distribution from or in respect of which tax has been withheld, the Partnership shall will be deemed to have received cash in an amount equal to the amount of such withheld tax, and each Partner shall will be deemed to have treated as having received as a distribution of Distributable Cash pursuant to the relevant clause of Section 6.3 8.3 of the portion of such amount that is attributable to such Partner's ’s interest in the Partnership as equitably determined by the General Partner.
Appears in 1 contract
Samples: Limited Partnership Agreement (GPB Automotive Portfolio, LP)
Withholding from Distributions to the Partnership. In the event that the Partnership receives a distribution from or in respect of which tax has been withheld, the Partnership shall be deemed to have received cash in an amount equal to the amount of such withheld tax, and each Partner shall be deemed to have treated as having received as a distribution of Distributable Cash cash pursuant to the relevant clause of Section 6.3 the portion of such amount that is attributable to such Partner's ’s interest in the Partnership as equitably determined by the General Partner.
Appears in 1 contract
Withholding from Distributions to the Partnership. In the event that the Partnership receives a distribution from or in respect of which tax has been withheld, the Partnership shall be deemed to have received cash in an amount equal to the amount of such withheld tax, and each Partner shall be deemed to have treated as having received as a distribution of Distributable Cash pursuant to the relevant clause of Section 6.3 the portion of such amount that is attributable to such Partner's interest in the Partnership as equitably determined by the General Partner.
Appears in 1 contract
Samples: Limited Partnership Agreement (Marsh & McLennan Companies Inc)
Withholding from Distributions to the Partnership. In the event that If the Partnership receives a distribution from or in respect of which tax has been withheld, the Partnership shall will be deemed to have received cash in an amount equal to the amount of such withheld tax, and each Partner shall will be deemed to have treated as having received as a distribution of Distributable Cash pursuant to the relevant clause of Section 6.3 8.3 of the portion of such amount that is attributable to such Partner's interest in the Partnership as equitably determined by the General Partner.
Appears in 1 contract
Samples: Limited Partnership Agreement (GPB Holdings II, LP)