Overdistribution definition

Overdistribution has the meaning set forth in Section 7.22(c).
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Overdistribution means an amount of money equal to the excess, if any, of (A) the amount of cash and the fair market value of other property actually distributed to the Manager over (B) the amount of cash and fair market value of other property which would have been distributed to the Manager but for the portion of Section 6.1 hereof requiring the Tax Distribution.
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Examples of Overdistribution in a sentence

  • In the event of a Tax Calculation Event, the amount by which the Permitted Tax Distributions would have been reduced had they been calculated in accordance with the Tax Calculation Event (an "Overdistribution") shall offset the amounts permitted to be distributed through the next two successive estimated tax payment dates (and such amounts permitted to be distributed shall be, for purposes of this Agreement, treated as if distributed to Equity Holders and used to repay the Overdistribution).

  • If the amount of any Overdistribution has not been repaid in full by the end of the second estimated tax payment date following the Tax Calculation Event, such Borrower will use its best efforts to collect the remaining Overdistribution Amount from the Equity Holders.

  • If the amount of any Overdistribution has not been repaid in full by the end of the second estimated tax payment date following the Tax Calculation Event, Borrower will use its best efforts to collect the remaining Overdistribution Amount from the Equity Holders.

Related to Overdistribution

  • Distribution box means a watertight component that receives effluent from a septic tank or other treatment unit and distributes effluent via gravity in approximately equal portions to two or more distribution laterals in the soil treatment area.

  • Income Distribution shall be calculated as set forth in subparagraph (A), below, unless the Prospectus provides for the averaging of income distributions, in which case, "Income Distribution" shall be shall be calculated as set forth in subparagraph (B), below. Accordingly, the Unitholder's "Income Distribution" shall be equal to:

  • Distribution shall have the meaning set forth in the Recitals.

  • Distribution Fee means a percentage of MRP of each of the Subscribed Channels payable by SDSPL to the Licensee towards fee for distribution of each of the Subscribed Channels as more specifically specified in Annexure B and Annexure B-1 of this Agreement.

  • Distribution main means the portion of any main with which a service line is, or is intended to be, immediately connected;