Underpayment Amount definition

Underpayment Amount has the meaning set forth in Section 2.10(c)(i).

Underpayment Amount means, as determined with respect to a Holder, (a) any “imputed underpayment” determined under Code Section 6225, (b) any similar or corresponding amount determined under any similar or corresponding provision of any State Tax, (c) any other similar or corresponding amount if and to the extent such amount represents the payment or collection of any Tax that would otherwise be paid or payable by such Holder as a result of the pass-through (or similar treatment) of any item of Profit or Loss to such Holder, and (d) any withholding, estimated or other Tax required by law to be withheld or paid by the Company with respect to or on behalf of such Holder.

Underpayment Amount has the meaning set forth in Section 2.4(d)(i).

Examples of Underpayment Amount in a sentence

• The Port Authority may, in its discretion, elect to deduct the Underpayment Amount due from the Contractor in accordance with the provisions of this Section from any subsequent payment payable to the Contractor under this Contract plus an amount equal to any payroll and associated taxes which would have been paid on the Underpayment Amount from any subsequent payment payable to the Contractor under this Contract.

• If the Company incurs an Imputed Underpayment Amount, the Board of Managers shall determine in its reasonable discretion the portion of such Imputed Underpayment Amount attributable to each Member or former Member and such attributable amount shall be treated as a Withholding Payment with respect to such Member or former Member.

• Any Imputed Underpayment Amount that is properly allocable to an assignor or transferor of an interest in the Partnership as determined by the General Partner in its sole discretion shall be treated as a withholding obligation or other tax payment with respect to both such former Partner and the applicable assignee or transferee.

• If the Company incurs an Imputed Underpayment Amount, the Manager shall determine in its reasonable discretion the portion of such Imputed Underpayment Amount attributable to each Member or former Member and such attributable amount shall be treated as a Withholding Payment with respect to such Member or former Member.

• The General Partner shall reasonably determine the portion of an Imputed Underpayment Amount attributable to each Partner or former Partner.

More Definitions of Underpayment Amount

Underpayment Amount has the meaning set forth in Section 2.09(b)(ii).

Underpayment Amount has the meaning set forth in Section 3.3(b). SCHEDULE I SHAREHOLDERS; CAPITALIZATION NAME NUMBER OF SHARES Xxxxx X. Xxxxxxxxxxxx 354,968 Xxxxxx Xxxxxxxxxxxx, trustee for21,000 Xxxxx X. Xxxxxxxxxxxx under agreement dated April 3, 1996, with Xxxxx X. Xxxxxxxxxxxx, grantor Xxx X. Xxxxx 21,000 Xxx X. Xxxxxx 21,000 Xxxxx X. Xxxxxxxxxxxx 43,690 X.X. Xxxxxxxxxxxx 27,862 The Investors Services Trust Company, Trustee of the PackerWare Corporation Employee Stock Ownership Plan and Trust 210,729 Total outstanding shares of Company Common 700,249 Stock SCHEDULE II ASSETS TO BE TRANSFERRED

Underpayment Amount means, as determined with respect to a Member, (a) any “imputed underpayment” determined under Code Section 6225, (b) any similar or corresponding amount determined under any similar or corresponding provision of any State Tax, (c) any other similar or corresponding amount if and to the extent such amount represents the payment or collection of any Tax that would otherwise be paid or payable by such Member as a result of the pass-through (or similar treatment) of any item of Net Profit or Net Loss to such Member, and (d) any withholding, estimated or other Tax required by law to be withheld or paid by the Company with respect to or on behalf of such Member.

Underpayment Amount has the meaning set forth in Section 2.5(c)(i).

Underpayment Amount is defined in Section 3.3(b).

Underpayment Amount means the amount calculated in accordance with Schedule 1.1(b). For the avoidance of doubt, notwithstanding the fact that the calculation of the “Underpayment Amount” takes into account a portion of the license fees remaining to be paid by Brendita’s Films, LLC to Pantelion 1.0 under that certain Pantelion-Pantaya SVOD License Agreement, by and between Pantelion 1.0 LLC (as licensor) and Brendita’s Films, LLC (as licensee), effective as of January 1, 2017, the full amount of all unpaid license fees under such Contract shall remain payable in accordance with terms of such Contract.

Underpayment Amount is defined in Section 2.3(f).