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

• Any Imputed Underpayment Amount shall be treated as if it were paid by the Partnership as a withholding payment with respect to the appropriate Partners (or former Partners), as allocated by the General Partner.

• Each Partner hereby agrees (A) to take such actions as may be required to effect the designation of the person chosen by the General Partner as the Partnership Representative, and (B) to cooperate to provide any information or take such other actions as may be reasonably requested by the Partnership Representative in order to determine whether any Imputed Underpayment Amount may be modified pursuant to Code Section 6225(c) (or any similar provisions under state or local law).

• The General Partner, in its reasonable discretion, shall allocate the Imputed Underpayment Amount to each Partner or former Partner in accordance with their interest in the specific items that gave rise to such Imputed Underpayment Amount.

• If the amount of Service Expenses listed on an Estimated Expense Statement actually paid in advance by the Company pursuant to Section 3.2(a) is less than the aggregate amount of Service Expenses incurred or paid by with respect to the same Billing Period (such deficit, the “Underpayment Amount”), then, within ten (10) Business Days of the notification thereof, the Company will pay or cause to be paid to the Service Provider such Underpayment Amount.

• The portion of the Imputed Underpayment Amount that the General Partner allocates to a former Partner of the Partnership shall be treated as a withholding payment with respect to both such former Partner and such former Partner’s transferee(s) or assignee(s), as applicable, and the General Partner may in its discretion exercise the Partnership’s rights pursuant to this Section 3.7 in respect of either or both of the former Partner and its transferee or assignee.

More Definitions of Underpayment Amount

Underpayment Amount shall have the meaning set forth in Section 2.5(c)(i) hereof.

Underpayment Amount has the meaning set forth in Section 3.2(c). Annex A-5 Schedule 3.1(b) Company Costs Internal or Third Party costs and expenses for the benefit of the Company Group as well as costs and expenses associated with the following (without duplication):

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 2.3.1(b) hereof.

Underpayment Amount has the meaning set forth in Section 3.15(b)(ii).

Underpayment Amount is defined in Section 3.3(b).