Common use of Prior understated inclusion Clause in Contracts

Prior understated inclusion. The prior understated inclusion is the ex- cess (if any) of— (i) The aggregate amount of section 467 rent and section 467 interest for the period during which the lessor held the property, determined as if the section

Prior understated inclusion. The prior understated inclusion is the ex- cess (if any) of— (i) The aggregate amount of section 467 rent and section 467 interest for the period during which the lessor held the property, determined as if the sectionsection 467 rental agreement were a disquali- fied leaseback or long-term agreement subject to constant rental accrual under § 1.467–3; over (ii) The aggregate amount of section 467 rent and section 467 interest ac- crued by the lessor during that period.