Tax Payment Loan definition

Tax Payment Loan shall have the meaning set forth in Section 7.3.

Tax Payment Loan shall have the meaning set forth in Section 6.7(a) hereof.

Tax Payment Loan has the meaning assigned that term in Section 4.05(c).

Examples of Tax Payment Loan in a sentence

• So long as any Tax Payment Loan or the interest thereon remains unpaid, the Company shall make future distributions due to such Member under this Agreement by applying the amount of any such distribution first to the payment of any unpaid interest on all Tax Payment Loans of such Member and then to the repayment of the principal of all Tax Payment Loans of such Member.

• So long as any Tax Payment Loan or the interest thereon remains unpaid, the Partnership shall make future distributions due to such Partner under this Agreement by applying the amount of any such distribution first to the payment of any unpaid interest on all Tax Payment Loans of such Partner and then to the repayment of the principal of all Tax Payment Loans of such Partner.

• So long as any Tax Payment Loan to any Partner or the interest thereon remains unpaid, the Partnership shall make future distributions due to such Partner under this Agreement by applying the amount of any such distributions first to the payment of any unpaid interest on such Tax Payment Loan and then to the repayment of the principal thereof, and no such future distributions shall be paid to such Partner until all of such principal and interest has been paid in full.

• So long as any Tax Payment Loan or the interest thereon remains unpaid, the Partnership shall make future distributions due to such Partner by applying the amount of any such distribution first to the payment of any unpaid interest on all Tax Payment Loans of such Partner and then to the repayment of the principal of all Tax Payment Loans of such Partner.

• Any such Tax Payment Loan shall be payable upon demand and shall bear interest, from the date that the Company makes the payment to the relevant taxing authority, at the lesser of: (i) the Prime Rate plus two percentage points per annum, or (ii) the highest rate permitted by applicable law, compounded monthly (but in no event higher than the highest interest rate permitted by applicable law).

More Definitions of Tax Payment Loan

Tax Payment Loan shall have the meaning given to such term in Section 7.8(a) of this Agreement.

Tax Payment Loan shall have the meaning set forth in Section 10.4(a) hereof.

Tax Payment Loan has the meaning set forth in Section 8.4 hereof.

Tax Payment Loan is defined in Section 3.11.

Tax Payment Loan has the meaning ascribed to it in § 4.9 of the foregoing Agreement.

Tax Payment Loan has the meaning assigned that term in Section 4.05(c). Term has the meaning assigned that term in Section 2.06. 897613.05-WILSR01A - MSW Termination Fee has the meaning assigned that term in the Management Services Agreement.

Tax Payment Loan has the meaning assigned to such term in the Omnibus Agreement.