Tax Distributions definition

Tax Distributions has the meaning set forth in Section 4.01(b)(i).

Tax Distributions means any distributions described in Section 4.04(b)(xii).

Tax Distributions has the meaning set forth in Section 7.3.

Examples of Tax Distributions in a sentence

• Except as provided in Section 3.2(d) and subject to any Unit Designation, all Tax Distributions shall be made pro rata in accordance with Units.

• The Managing Member shall be entitled to adjust subsequent Tax Distributions (in accordance with each Unitholder’s Pro Rata Share) up or down to reflect any variation between its prior estimation of quarterly Tax Distributions and the Tax Distributions that would have been computed under this Section 4.1(a)(i) based on subsequent information.

• Allocations pursuant to this Section 4.5 are solely for purposes of federal, state and local Taxes and shall not affect, or in any way be taken into account in computing, any Unitholder’s Capital Account or share of Profits, Losses, Distributions (other than Tax Distributions) or other items pursuant to any provision of this Agreement.

• Any shortfall in the amount of Tax Distributions the Unitholders and former Unitholders received for the relevant Taxable Years based on such recalculated Assumed Tax Liability shall be promptly distributed to such Unitholders and the successors of such former Unitholders, except, for the avoidance of doubt, to the extent Distributions were made to such Unitholders and former Unitholders pursuant to Section 4.1 in the relevant Taxable Years sufficient to cover such shortfall.

• If reasonably practicable, the Company shall make distributions of the estimated Tax Distributions in respect of a Fiscal Year on a quarterly basis to facilitate the payment of quarterly estimated income taxes, taking into account amounts previously distributed by reason of this Section 3.2; provided that, if necessary for the Manager to timely satisfy any Manager Tax-Related Liabilities, the Company shall make estimated Tax Distributions on a more frequent basis.

More Definitions of Tax Distributions

Tax Distributions has the meaning specified in Section 5.02(b).

Tax Distributions has the meaning assigned to such term in Section 6.07(a)(vii)(A).

Tax Distributions shall have the meaning set forth in Section 6.4(b) hereof.

Tax Distributions means any distributions described in Section 6.06(b).

Tax Distributions means any distributions described in Section 7.2(b)(xi).

Tax Distributions mean the Restricted Payment permitted pursuant to Section 7.06(g)(i).

Tax Distributions is defined in Section 6.2.