PFI Installment Payment definition

PFI Installment Payment means (a) any estimated Federal Tax installment that PFI is required to pay or (b) any payment required to be made on the due date, without extensions, of a Return that PFI is required to file under the Code, or in either case, any corresponding provision of state or local law.
View Source

Examples of PFI Installment Payment in a sentence

  • PFI shall determine the amount of the corresponding TWG Federal Tax Liability and TWG Combined State Tax Liability, and the WMC Federal Tax Liability and WMC Combined State Tax Liability, as the case may be, in connection with any PFI Installment Payment made with respect to any Pre-Distribution Tax Period.

Related to PFI Installment Payment

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Installment Due Date means, for any monthly installment of interest-only or principal and interest, the date on which such monthly installment is due and payable pursuant to Section 3 of this Note.

  • Installment Amount means the sum of (A) (i) with respect to any Installment Date other than the Maturity Date, the lesser of (x) the Holder Pro Rata Amount of $1,437,500 and (y) the Principal amount then outstanding under this Note as of such Installment Date, and (ii) with respect to the Installment Date that is the Maturity Date, the Principal amount then outstanding under this Note as of such Installment Date (in each case, as any such Installment Amount may be reduced pursuant to the terms of this Note, whether upon conversion, redemption or Deferral), (B) any Deferral Amount deferred pursuant to Section 8(d) and included in such Installment Amount in accordance therewith, (C) any Acceleration Amount accelerated pursuant to Section 8(e) and included in such Installment Amount in accordance therewith and (D) in each case of clauses (A) through (C) above, the sum of any accrued and unpaid Interest as of such Installment Date under this Note, if any, and accrued and unpaid Late Charges, if any, under this Note as of such Installment Date. In the event the Holder shall sell or otherwise transfer any portion of this Note, the transferee shall be allocated a pro rata portion of each unpaid Installment Amount hereunder.