Amount of transfer. The amount of the transfer is the excess, if any, of— (1) The value of all interests in the entity owned by the holder imme- diately before the lapse (determined immediately after the lapse as if the lapsed right was nonlapsing); over (2) The value of the interests de- scribed in the preceding paragraph im- mediately after the lapse (determined as if all such interests were held by one individual).
Appears in 7 contracts
Samples: Property Division Agreement, Property Conversion Agreement, Lease Agreement
