Alternative Calculation definition
Alternative Calculation means an alternative calculation of Tax Liability for the relevant taxable period, (1) assuming BCP received tax distributions equal to the product of taxable income over taxable losses (including any loss carryovers beginning after the Closing Date to the extent that such loss carryovers are usable to offset taxable income realized after the Closing Date to the extent not previously taken into account as a reduction to taxable income in determining tax distributions) and deductions of BCP with respect to the Borrower and its Subsidiaries that are classified as partnerships or disregarded entities for U.S. federal income tax purposes for such taxable year (or portion thereof) and the Tax Rate (such tax distribution, the “BCP Reference Amount”), and the partners other than BCP received the same amount of distribution on a pro rata basis, based on their ownership percentage, such that a pro rata distribution is made to all partners of ContextLogic with the amount distributed to BCP being equal to the BCP Reference Amount, or, if higher, (2) assuming Pubco received tax distributions equal to the actual taxes estimated to be due by Pubco (such tax distribution, the “Pubco Reference Amount”), and the partners other than Pubco received the same amount of distribution on a pro rata basis, based on their ownership percentage, such that a pro rata distribution is made to all partners of ContextLogic with the amount distributed to Pubco being equal to the Pubco Reference Amount.
Alternative Calculation means a calculation that is made with alternative methods to verify correctness of another original calculation;
Alternative Calculation is defined in Section 8.7(a).