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.
Appears in 23 contracts
Samples: Operating Agreement (Benchmark Real Estate Investment Fund, LLC), Operating Agreement (Xiv-I Invest 1, LLC), Operating Agreement
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.
Appears in 4 contracts
Samples: Operating Agreement (Real Street Build-to-Rent Fund I, LLC), Operating Agreement (Brookwood Fenton Investments LLC), Operating Agreement (Brookwood Fenton Investments LLC)
Withholding from Distributions. To the extent that the Company is required by law Applicable 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 Distribution and make such payments as so required. For purposes of this Agreement, any such payments or withholdings shall be treated as a distribution Distribution to the Member on behalf of whom the withholding or payment was made.
Appears in 1 contract
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.. 18
Appears in 1 contract
Samples: Operating Agreement (Brookwood Fenton Investments LLC)
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 the 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.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (GLCC Laurel, LLC)
