Common use of Withholding Generally Clause in Contracts

Withholding Generally. Each Partner acknowledges and agrees that the Partnership may be required by Law to deduct and withhold taxes or to fulfill other similar obligations of such Partner on any amount paid, distributed, disbursed, or allocated by the Partnership to that Partner, including upon liquidation, and any transferee of a Partner’s interest or a Substituted Partner shall, by reason of such Transfer or substitution, acknowledge, and agree to any such withholding by the Partnership, including withholding to discharge obligations of the Partnership with respect to prior distributions, allocations, or an Imputed Underpayment Share (to the extent not otherwise borne by the transferor Partner pursuant to ‎Section 4.4 of this ‎0). All amounts withheld pursuant to this ‎Section 4.10 of this ‎0 shall, except as otherwise determined by the Partnership pursuant to ‎Section 4.4(c)(ii) of this ‎0, be treated as amounts distributed to such Person pursuant to the provision of this Agreement that would have applied if such amount had actually been distributed.

Withholding Generally. Each Partner acknowledges and agrees that the Partnership may be required by Law to deduct and withhold taxes or to fulfill other similar obligations of such Partner on any amount paid, distributed, disbursed, or allocated by the Partnership to that Partner, including upon liquidation, and any transferee of a Partner’s interest or a Substituted Partner shall, by reason of such Transfer or substitution, acknowledge, and agree to any such withholding by the Partnership, including withholding to discharge obligations of the Partnership with respect to prior distributions, allocations, or an Imputed Underpayment Share (to the extent not otherwise borne by the transferor Partner pursuant to ‎Section Section 4.4 of this ‎0Annex B). All amounts withheld pursuant to this ‎Section Section 4.10 of this ‎0 Annex B shall, except as otherwise determined by the Partnership pursuant to ‎Section Section 4.4(c)(ii) of this ‎0Annex B, be treated as amounts distributed to such Person pursuant to the provision of this Agreement that would have applied if such amount had actually been distributed.