Estimated Tax Amount of a Member for a Fiscal Year means the Member’s Tax Amount for such Fiscal Year as estimated in good faith from time to time by the Board. In making such estimate, the Board shall take into account amounts shown on Internal Revenue Service Form 1065 filed by the Company and similar state or local forms filed by the Company for the preceding taxable year and such other adjustments as in the reasonable business judgment of the Board are necessary or appropriate to reflect the estimated operations of the Company for the Fiscal Year.

Estimated Tax Amount means, with respect to any Member for any fiscal year, the excess, if any, of (a) the cumulative assumed tax liability of such Member as of such fiscal year (as determined by the Manager), over (b) the amount of distributions made to such Member pursuant to Section 4.4(c) of the LLC Agreement during such fiscal year and all prior fiscal years plus the amount of distributions made to such Member pursuant to Section 4.8 of the LLC Agreement with respect to all prior fiscal years.

Estimated Tax Amount of a Limited Partner for a Fiscal Year means the Limited Partner’s Tax Amount for such Fiscal Year as estimated in good faith from time to time by the Board. In making such estimate, the Board shall take into account amounts shown on Internal Revenue Service Form 1065 filed by the Partnership and similar state or local forms filed by the Partnership for the preceding taxable year and such other adjustments as in the reasonable business judgment of the Board are necessary or appropriate to reflect the estimated operations of the Partnership for the Fiscal Year.

Examples of Estimated Tax Amount in a sentence

The Company's "Estimated Tax Amount" for a Taxable Year (or Fiscal Period) shall be the Company's Tax Amount for such Taxable Year (or Fiscal Period) as estimated from time to time by the Managing Member.
Estimated tax distributions shall be made in four cash installments not later than fifteen (15) days before taxes are due, based upon the Manager's good faith estimate of the Company's Net Profits (the "Estimated Tax Amount").
The Manager shall distribute to each Member, not later than April 10th of the year following the close of each taxable year of the Company, the amount by which the Actual Tax Amount for such taxable year exceeds the Estimated Tax Amount distributed to such Member for such taxable year.
The Estimated Annual Property Tax Savings for such year shall be the Estimated Tax Amount less any regularly scheduled PILOT Payments actually paid by the Company (after applying credits to PILOT Payments as provided in the Rental Agreement) in such year.
Notwithstanding anything else to the contrary herein, the Company shall distribute, within a reasonable amount of time after the close of each fiscal year (as determined by the manager), to each Unit Holder out of available cash, but only to the extent that such cash is available without borrowing monies and without causing the reserves to fall below levels deemed appropriate by the Manager, an amount equal to the Estimated Tax Amount.

More Definitions of Estimated Tax Amount

Estimated Tax Amount means, with respect to each Member, the amount equal to the highest statutory marginal tax rate for corporations imposed by applicable federal income tax laws for a given tax year multiplied by the Profits allocated to such Member for such taxable year as shown on the Company’s U.S. federal income tax return.

Estimated Tax Amount means, with respect to any Member for any fiscal year, the excess, if any, of (a) the cumulative assumed tax liability of such Member as of such fiscal year (as determined by the Manager), over (b) the amount of distributions made to such Member pursuant to Section 4.4(c) during such fiscal year and all prior fiscal years plus the amount of distributions made to such Member pursuant to Section 4.8 with respect to all prior fiscal years.

Estimated Tax Amount of a Unitholder for a Fiscal Year means the Unitholder’s Tax Amount for such Fiscal Year as estimated in good faith from time to time by the Board. In making such estimate, the Board shall take into account amounts shown on Internal Revenue Service Form 1065 filed by the Company and similar state or local forms filed by the Company for the preceding taxable year and such other adjustments as in the reasonable business judgment of the Board are necessary or appropriate to reflect the estimated operations of the Company for the Fiscal Year.

Estimated Tax Amount has the meaning set forth in Section 5.3 hereof.

Estimated Tax Amount means, for a Fiscal Year (or fiscal period), a Member’s Tax Amount for such Fiscal Year (or fiscal period) as estimated from time to time by the Manager acting in good faith.

Estimated Tax Amount of a Member for a fiscal quarter means the estimated tax for such quarter of the Member, who after accounting for tax allocations pursuant to § 6.3, will be allocated the highest level of the Company’s taxable income, as estimated in good faith from time to time by the Board. That is, notwithstanding different amounts of taxable income allocated to Members as a result of special allocations of income and/or expenses, the Estimated Tax Amount for each Member will be the same, including in the same proportions, for purposes of Distributions for tax purposes pursuant to § 7.2. In making such estimate, the Board shall make such adjustments as in the reasonable business judgment of the Board are necessary or appropriate to reflect the estimated operations of the Company for the applicable Fiscal Year and the income allocation and the application of the highest marginal federal and state income tax percentages of the Member with the most taxable income of the Company allocated to it per Unit.

Estimated Tax Amount means $4, 200,000.