Add Back definition

Add Back means the percentage of claimed credit that is added back to a qualified taxpayer’s tax liability during the Compliance Period in the event the qualified taxpayer either (x) sells or transfers their interest in the historic resource or (y) has their certificate of completed rehabilitation revoked.
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Add Back has the meaning set forth in subclause (a)(v) of the definition of “Consolidated Operating Cash Flow”.
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Add Back means an amount equal to (i) with respect to the measurement period ending March 31, 2007, $9,529,442, (ii) with respect to the measurement period ending June 30, 2007, $6,816,368, (iii) with respect to the measurement period ending September 30, 2007, $3,603,238, (iv) with respect to the measurement period ending December 31, 2007, $835,000, and (v) with respect to any measurement period ending thereafter, $0.
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Examples of Add Back in a sentence

  • Add Back: Disallowed related party transactions, if any, to the extent the charge is in excess of an unrelated third-party charge for the same service or product.

  • Borrower shall, maintain a ratio of Operating Cash Flow for the preceding four fiscal quarters plus the applicable Permitted Add Back as provided below to Total Debt Service at the end of each fiscal quarter of not less than 1.25 to 1.00.

  • PER CUSTOMER BANK USE ONLY FEDERAL GOVERNMENT A/R $0 $0 FOREIGN ACCOUNTS $0 $0 CONTRA ACCOUNTS $0 $0 AFFILIATE ACCOUNTS $0 $0 25% RULE $0 $0 CONCENTRATIONS $0 $0 OLD CREDITS (Add Back as a +) $0 $0 PRE-BILLED/ADVANCED BILLED $0 $0 PROGRESS BILLED $0 $0 OVER 120 + DAYS FROM INVOICE $0 $0 OTHER (SPECIFY) $0 $0 INELIGIBLE GRAND TOTAL $0 $0 Line five (5) of the Report of AR and Inventory contains a formula to transfer the Ineligible Grand Total.

  • For purposes of this subsection (f), "Operating Earnings" shall mean (i) Earnings Before Taxes before provisions for interest income and expense, gain or loss on investments (and marketable securities), gain or loss on businesses sold and before write-up or write-down of assets plus (ii) any Add Back Expenses.

  • The definition of “EBITDA” set forth in Section 1.1 of the Credit Agreement is hereby amended by inserting the clause “plus, solely for determining EBITDA for the Computation Periods ending December 31, 2005 and March 31, 2006, research and development expenditures during such Computation Periods in an amount not to exceed $3,000,000” immediately following the phrase “the Decatur Add Back and the Refinancing Expense Add Back”.

  • Borrower shall, maintain a ratio of Operating Cash Flow plus the applicable Permitted Add Back as provided below to Total Debt Service at the end of each fiscal quarter of not less than 1.25 to 1.00.