Withholding Loan definition

Withholding Loan shall have the meaning specified in Section 5.10(a).

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Withholding Loan shall have the meaning specified in Section 3.9.

Withholding Loan is defined in Section 5.9(a). Principal Amount: Previously unrecognized Built-In Gain recognized and allocated to Sprint under Code Section 704(c) with respect to a sale or other disposition of Former Sprint Assets by the LLC and its Subsidiaries during the Taxable Year, reduced by any Losses allocable to Sprint for such Taxable Year, multiplied by the then-highest marginal federal and state income Tax rate applicable to a corporate resident of the state in which Sprint’s principal corporate offices are located (taking into account the deductibility of state Taxes for U.S. federal income tax purposes).

Examples of Withholding Loan in a sentence

In addition to any other rights of the Company to enforce its right to receive payment of the Withholding Loan, plus any accrued interest thereon, the Company may deduct from any distribution to be made to a borrowing Member or any amount available for distribution to a borrowing Member an amount not greater than the outstanding balance of any Withholding Loan, plus any accrued interest thereon, as a payment in total or partial satisfaction thereof.
In the event that the Partnership deducts the amount of the Withholding Loan plus any accrued interest thereon from any actual distribution or amount otherwise available to be distributed, the amount that was so deducted shall be treated as an actual distribution to the borrowing Partner for all purposes of this Agreement.
In addition to any other rights of the Partnership to enforce its right to receive payment of the Withholding Loan, plus any accrued interest thereon, the Partnership may deduct from any distribution to be made to a borrowing Partner or any amount available for distribution to a borrowing Partner an amount not greater than the outstanding balance of any Withholding Loan, plus any accrued interest thereon, as a payment in total or partial satisfaction thereof.
With respect to any amounts not offset pursuant to the immediately preceding sentence, the maturity of such Withholding Loan shall be the dissolution of the Partnership.
In the event that the Company deducts the amount of the Withholding Loan plus any accrued interest thereon from any actual distribution or amount otherwise available to be distributed, the amount that was so deducted shall be treated as an actual distribution to the borrowing Member for all purposes of this Agreement and the Member shall be treated as having repaid to the Company the amount withheld immediately after such distribution in satisfaction of the loan.
The borrowing Member shall repay such Withholding Loan within ten Business Days after the Tax Matters Member delivers a written demand therefor, together with interest from the date such loan was made until the date of repayment thereof at a rate per annum equal to the lesser of (i) the maximum rate permitted by law, and (ii) the “Prime Rate” (as defined in Section 8.3 above).
With respect to any amounts not offset pursuant to the immediately preceding sentence, the maturity of such Withholding Loan shall be the dissolution of the Company or *** after the delivery of a written demand for satisfaction of the loan by the Tax Matters Member.
Absent prior demand, the maturity of the Withholding Loan will be the date of dissolution of the LLC.
If a Withholding Loan is not paid when due, distributions from the LLC to the borrowing Member (including distributions pursuant to Section 4.4(a)) may be withheld and applied toward repayment of the accrued and unpaid interest and principal on such Withholding Loan, with any amounts so withheld being treated as having been distributed to the borrowing Member for purposes of this Agreement.
In addition to any rights of the Company to enforce its right to receive payment of the Withholding Loan, plus any accrued interest thereon, the Company may deduct from any distribution to be made to a borrowing Member or any amount available for distribution to a borrowing Member an amount not greater than the outstanding balance of any Withholding Loan, plus any accrued interest thereon, as a payment in total or partial satisfaction thereo£ .

More Definitions of Withholding Loan

Withholding Loan is defined in Section 5.9(a).

Withholding Loan has the meaning set forth in Section 5.06(3) of this Agreement.

Withholding Loan is defined in Section 5.9(a). Managing Member Clear Corporation 1,473,784,979 823,197,119 (Class A) 55.855985% Members Sprint HoldCo, LLC 647,859,348 (Class B) 43.958879% SN UHC 1, Inc. 2,728,512 (Class B) 0.185136% This Assignment and Assumption Agreement (this “Assignment and Assumption Agreement”) is made as of the date written below by the undersigned (the “Transferee”) in accordance with the Second Amended and Restored Operating Agreement of Clearwire Communications LLC dated as of ___________, 2013 (as amended from time to time, the “Operating Agreement”) among ____________. Capitalized terms used but not defined herein shall have the meaning ascribed to such terms in the Operating Agreement. The Transferee hereby acknowledges, agrees and confirms that, by its execution of this Assignment and Assumption Agreement, and upon consummation of the acquisition or Transfer, as applicable of Units, the Transferee will be a Member and will be subject to all rights and obligations of a Member owning the acquired Units or the Transferor Member, as applicable, under the Operating Agreement. The Transferee hereby entitles, as of the date hereof, and agrees to be found by, all of the terms, provisions and conditions contained in the Operating Agreement.

Withholding Loan has the meaning provided in Section 5.4. For purposes of this Schedule C, the following terms shall have the meanings set forth below. All other capitalized terms shall have the meanings ascribed to such terms in the Agreement: