Strike Rate Sample Clauses
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Strike Rate. A29 The strike rate (percentage of cases leading to re-assessment) is an OECD measure which can indicate the effectiveness of case selection in detecting “correct reporting”. It should be noted that the measure does not differentiate between upward nor downward liability adjustments. A30 This measure is currently used within the Australian Taxation Office under a broader definition (to encompass not only audit adjustments but where some other outcome has been achieved e.g. de-registration of a taxpayer). A31 The indicator gives recognition to the Australian Taxation Office’s risk based audit selection strategy (focused on high risk clients) and is a more appropriate measure of effectiveness than audit coverage. A32 It should be noted that the strike rate is likely to have an inverse relationship with audit coverage (e.g. risk based audit selection focuses on high risk and often more resource intensive clients. This results in smaller coverage. As coverage is increased, there is more chance that a higher proportion of less risky clients will be included in the audit selection). It also has a relationship with objections increasing in proportion to the number of audits resulting in adjustments. Number of finalised audit and enforcement cases in × 100 year resulting in an outcome Total number of finalised audit and enforcement cases in year GST Administration Performance Agreement
Strike Rate. Each Initial Interest Rate Hedge that is an Interest Rate Cap shall have a strike rate (the “Strike Rate”) and each Initial Interest Rate Hedge that is an Interest Rate Swap shall have a fixed rate (the “Fixed Rate”) not greater than the highest interest rate that would result in an Aggregate Debt Service Coverage Ratio of not less than 1.0 to 1.0 (assuming amortization) as determined by Fannie Mae pursuant to the Master Agreement. If the Subsequent Interest Rate Hedge is an Interest Rate Swap, it shall have a Fixed Rate of not greater than the highest interest rate that would result in an Aggregate Debt Service Coverage Ratio of not less than .95 to 1.0 (assuming amortization). If the Subsequent Interest Rate Hedge is an Interest Rate Cap, it shall have a Strike Rate of not greater than the lowest rate that would result in an Aggregate Debt Service Coverage Ratio of not less than 1.0 to 1.0 (assuming amortization).
Strike Rate. (i) 6% for the initial term of the Loan; and (ii) with respect to each Extension Period, the greater of (A) 6% and (B) the highest strike rate, as determined by Lender at the commencement of each such Extension Period, which rate when added to the applicable Spread (as defined herein and the Mezzanine Loan Agreement) would result in an In Place Debt Service Coverage Ratio on the then outstanding principal balances of the Loan and the Mezzanine Loan of 1.00:1.00 (assuming that the aggregate amount of Adjusted Debt Service and Adjusted Mezzanine Debt Service for purposes of calculating such In Place Debt Service Coverage Ratio would be due at such Strike Rate plus the applicable Spread); provided, however, Borrower may obtain an Interest Rate Cap Agreement with a strike rate lower than the strike rate as determined above and such lower strike rate shall be deemed the “Strike Rate” for all purposes hereunder; provided, further, however, that the Strike Rate on the Interest Rate Cap Agreement and the Mezzanine Interest Rate Cap Agreement shall be the same.
Strike Rate. Each Initial and any Subsequent Interest Rate Cap shall have a strike rate equal to the notional interest rate not greater than the lowest interest rate that would result in an Aggregate Debt Service Coverage Ratio of not less than 1.10:1.0 (assuming no amortization on a stressed basis as set forth in the Master Agreement) (the “Strike Rate”).