Per Unit Tax Distribution Amount definition
Per Unit Tax Distribution Amount means, with respect to any Member as of any time of determination, an amount equal to (i) the applicable Tax Distribution Amount with respect to such Member, divided by (ii) the number of Units held by such Member at such time.
Per Unit Tax Distribution Amount means $199.84.
Examples of Per Unit Tax Distribution Amount in a sentence
The Company shall, subject to any restrictions contained in any agreement to which the Company is bound, make distributions out of legally available funds, to all of the Members, pro rata in accordance with the number of Units held by each such Member, until the Member having the greatest Per Unit Tax Distribution Amount for the applicable period (the “Target Member”) has received an aggregate amount at least equal to the Tax Distribution Amount applicable to such Member.