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DTV » Topics » Taxable Income Distribution Amount

This excerpt taken from the DTV 8-K filed Apr 28, 2005.
“Taxable Income Distribution Amount” — The product of (i) Net Income (as defined in Addendum II) for the relevant Fiscal Year multiplied by, (ii) a Class A Member’s Percentage Interest and

 


 

(iii) the greater of (A) the highest effective tax rate applicable to any Class A Member residing in the State of New York and (B) forty five percent (45%).

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