Minimum Tax Distributions. (a) . In order to allow the Members to satisfy U.S. federal income tax obligations associated with Company’s activities for each Fiscal Year, Company shall distribute amounts pursuant to this Section 7.2 such that the amounts distributed to each Member with respect to each Fiscal Year pursuant to Section 7.1 and this Section 7.2 shall not be less than the smallest amount necessary so that the aggregate amount of all distributions made to a Member under Section 7.1 and this Section 7.2 as of the end of any Tax Allocation Period equals such Member’s Hypothetical Tax Amount. Company shall make a cash distribution of the amounts contemplated in this Section 7.2 to the Members no later than (a) ten (10) Days after the end of each Tax Allocation Period that constitutes a period for which an individual estimated federal income tax payment is due, and (b) ninety (90) Days after the end of each Tax Allocation Period that constitutes a Fiscal Year. All distributions pursuant to this Section 7.2 shall be treated as advances by Company to the distributee Member, with the next subsequent distributions to such Member pursuant to Sections 7.1, 11.3.1(c) and/or 11.4 being reduced as necessary until such deemed advances have been repaid.
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Minimum Tax Distributions. (a) . In order to allow the Members to satisfy U.S. federal income tax obligations associated with Company’s activities for each Fiscal Year, Company shall distribute amounts pursuant to this Section 7.2 such that the amounts distributed to each Member with respect to each Fiscal Year pursuant to Section 7.1 and this Section 7.2 shall not be less than the smallest amount necessary so that the aggregate amount of all distributions made to a Member under Section 7.1 and this Section 7.2 as of the end of any Tax Allocation Period equals such Member’s Hypothetical Tax Amount. Company shall make a cash distribution of the amounts contemplated in this Section 7.2 to the Members no later than (a) ten (10) Days after the end of each Tax Allocation Period that constitutes a period for which an individual estimated federal income tax payment is due, and (b) ninety (90) Days after the end of each Tax Allocation Period that constitutes a Fiscal Year. All distributions pursuant to this Section 7.2 shall be treated as advances by Company to the distributee Member, with the next subsequent distributions to such Member pursuant to Sections 7.1, 11.3.1(c) and/or 11.4 being reduced as necessary until such deemed advances have been repaid.
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