Underdistribution definition
Underdistribution has the meaning set forth in Section 7.22(c).
Underdistribution means the amount by which the Permitted Tax Distributions would have been increased had they been calculated in accordance with the Tax Calculation Event.
Examples of Underdistribution in a sentence
If following a Tax Calculation Event, the amount by which the Permitted Tax Distributions would have been increased had they been calculated in accordance with the Tax Calculation Event (an "Underdistribution"), the amount of such Underdistribution shall be distributed to Equity Holders within 90 days of the date of the Tax Calculation Event.
The amount of any Underdistribution shall be distributed to Equity Holders within 90 days of the date of the Tax Calculation Event.