Withholding of Certain Amounts. (a) If the Partnership incurs a withholding or other tax obligation (a “Tax Obligation”) with respect to the share of Partnership income allocable to any Partner (including pursuant to section 6225 of the BBA Audit Rules), then the General Partner, without limitation of any other rights of the Partnership, may cause the amount of such Tax Obligation to be debited against the Capital Account of such Partner when the Partnership pays such Tax Obligation, and any amounts then or thereafter distributable to such Partner shall be reduced by the amount of such taxes. If the amount of such taxes is greater than any such then distributable amounts, then such Partner and any successor to such Partner’s interest shall indemnify and hold harmless the Partnership and the General Partner against, and shall pay to the Partnership as a contribution to the capital of the Partnership, upon demand of the General Partner, the amount of such excess.
Withholding of Certain Amounts. Notwithstanding anything else contained in this Agreement, prior to making a distribution pursuant to Section 6.02, the General Partner may, in its discretion, withhold from any such distribution of cash or property in kind to any Limited Partner pursuant to this Agreement, the following amounts:
Withholding of Certain Amounts. (a) Subject to Section 5.07(c) but notwithstanding any other provision contained herein to the contrary, the Board of Managers may withhold from any distribution to any Member contemplated by this Agreement any amounts due and payable by such Member to the Company or to any other Person in connection with the Company Business to the extent not otherwise paid. Any amount withheld pursuant to this Section 5.05(a) shall be applied or paid by the Company to discharge the obligation in respect of which such amount was withheld.
Withholding of Certain Amounts. (a) If the Partnership incurs a withholding tax or other tax obligation with respect to the share of Partnership income allocable to any Partner, then the General Partner, without limitation of any other rights of the Partnership, may cause the amount of such obligation to be debited against the Capital Account of such Partner when the Partnership pays such obligation, and any amounts then or thereafter distributable to such Partner shall be reduced by the amount of such taxes. If the amount of such taxes is greater than any such then distributable amounts, then such Partner and any successor to such Partner’s interest shall indemnify and hold harmless the Partnership and the General Partner against, and shall pay to the Partnership as a contribution to the capital of the Partnership, upon demand of the General Partner, the amount of such excess.
Withholding of Certain Amounts. 11 Section 4.3 Limitation on Distributions ..............................................................................11 ARTICLE 5 MANAGEMENT ......................................................................................................12 Section 5.1 Rights and Powers of the General Partner .......................................................12 Section 5.2
Withholding of Certain Amounts. (a) If the Partnership or the Fund General Partner incurs a withholding tax or other tax obligation with respect to the share of Partnership income allocable to any Partner, then the General Partner, without limitation of any other rights of the Partnership, may cause the amount of such obligation to be debited against the Capital Account of such Partner when the Partnership pays such obligation, and any amounts then or thereafter distributable to such Partner shall be reduced by the amount of such taxes. If the amount of such taxes is greater than any such then distributable amounts, then such Partner and any successor to such Partner’s interest shall indemnify and hold harmless the Partnership, the Fund General Partner and the General Partner against, and shall pay to the Partnership as a contribution to the capital of the Partnership, upon demand of the General Partner, the amount of such excess. (b) The General Partner may withhold from any distribution or other payment to any Limited Partner pursuant to this Agreement or otherwise any other amounts due from such Limited Partner to the Partnership or the General Partner pursuant to this Agreement to the extent not otherwise paid. Any amounts so withheld shall be applied by the General Partner to discharge the obligation in respect of which such amounts were withheld. Section 4.3
Withholding of Certain Amounts. (a) The Managing General Partner may (in addition to amounts that may be withheld pursuant to Section 9.11) withhold, in its discretion, from any distribution of cash or property in kind to any other Partner or its assignee, upon notice to such Partner pursuant to this agreement, the following amounts:
Withholding of Certain Amounts. (a) If the Partnership incurs a withholding or other tax obligation (a “Tax Obligation”) with respect to Partnership income allocable to any Partner, amounts may be withheld from such Partner in respect of such Tax Obligation as described in the applicable Award Letter. If the amount of such taxes is greater than any such then distributable amounts, then such Partner and any successor to such Partner’s interest shall indemnify and hold harmless the Partnership and the General Partner against, and shall pay to the Partnership as a contribution to the capital of the Partnership, upon demand of the General Partner, the amount of such excess.
Withholding of Certain Amounts. 18 Section 4.3 Limitation on Distributions............................................................................ 19 Section 4.4 Distributions in Excess of Basis..................................................................... 19 ARTICLE 5 MANAGEMENT.................................................................................................. 20 Section 5.1 Rights and Powers of the General Partner..................................................... 20 Section 5.2 Delegation of Duties.......................................................................................21 Section 5.3 Transactions with Affiliates........................................................................... 21 Section 5.4 [Intentionally Omitted]................................................................................... 22 Section 5.5 Rights of Limited Partners.............................................................................. 22 Section 5.6 Other Activities of General Partner................................................................ 22 Section 5.7 Duty of Care; Indemnification........................................................................ 22 Section 5.8 Discretion; Good Faith................................................................................... 24 Section 5.9 Modification of Fiduciary Duties................................................................... 24 ARTICLE 6 ADMISSIONS, TRANSFERS AND WITHDRAWALS..................................... 24 Section 6.1 Admission of Additional Limited Partners; Effect on Points.........................24 Section 6.2 Admission of Additional General Partner..................................................... 26 Section 6.3 Transfer of Interests of Limited Partners....................................................... 26 Section 6.4 Withdrawal of Partners.................................................................................. 28 Section 6.5 Pledges........................................................................................................... 28 ARTICLE 7 ALLOCATION AND ADJUSTMENTS OF POINTS; CAPITAL COMMITMENT .....................................................................................................................................................29 Section 7.1 Allocation of Points.........................................................................................29 Section 7.2 Retirement of Partner..................................................
Withholding of Certain Amounts. 33 Section 5.06 Restricted Distributions ...........................................................................33 Section 5.07 Tax Payments and Withholding Obligations ...........................................33 Section 5.08 Return of Distributions. ........................... Error! Bookmark not defined. Section 5.09 Redemption ..............................................................................................35 Section 5.10 Equity Rollover........................................ Error! Bookmark not defined. ARTICLE VI ALLOCATIONS ....................................................................................................36 Section 6.01
