Combined Effective Marginal Tax Rate definition

Combined Effective Marginal Tax Rate means the highest single combined rate (expressed as a percentage) of United States federal, state and local income taxation applicable to any individual residing in California determined as of the last day of each Tax Estimation Period, without giving effect to any limitation on the deductibility of state and local taxes and other itemized deductions in computing United States federal taxable income and assuming that such individual is subject to the highest United States federal and highest state and local marginal ordinary income tax rates on all income allocated by the Company.
Sample 1Sample 2Sample 3
Combined Effective Marginal Tax Rate means the highest combined marginal rate (expressed as a percentage) of United States federal (including, for the avoidance of doubt, the “Medicare tax” imposed by Code Section 1411), state and local income tax applicable to any direct or indirect member of the Company for the applicable Tax Estimation Period, without giving effect to the deductibility (or any limitation on the deductibility) of state and local taxes and other itemized deductions in computing United States federal taxable income, but taking into account the character of the Company’s income or gain allocated to such direct or indirect member.
Sample 1
Combined Effective Marginal Tax Rate means the highest single combined rate (expressed as a percentage) of United States federal, state and local income taxation that would be applicable to any Member as of the last day of each Tax Estimation Period on the type of income (whether ordinary or capital) allocated to the Members, assuming that such Member is subject to the highest United States federal and highest state and local marginal income tax rates (whether ordinary or capital) applicable to such Member on all income allocated by the LLC, all as determined by the Board in good faith.
Sample 1Sample 2

More Definitions of Combined Effective Marginal Tax Rate

Combined Effective Marginal Tax Rate means the highest single combined rate (expressed as a percentage) of United States federal, state and local income taxation that would be applicable to any Member as of the last day of each Tax Estimation Period on the type of income (whether ordinary or capital) allocated to the Members, without giving effect to any limitation on the deductibility of state and local taxes and other itemized deductions in computing United States federal taxable income and assuming that such Member is subject to the highest United States federal and highest state and local marginal income tax rates (whether ordinary or capital) applicable to such Member on all income allocated by the Company, all as determined by the Board in good faith.
Sample 1
Combined Effective Marginal Tax Rate means the highest single effective rate (expressed as a percentage) of United States federal, state and local income taxation applicable to holders of 5% or more of the Units whose principal residence or commercial domicile is within the United States determined as of the last day of each Tax Estimation Period, giving effect to any limitation on the deductibility of state and local income taxes in computing United States federal taxable income, and assuming that such Unit holders are individuals and subject to the highest United States federal and highest state and local marginal income tax rates then applicable in the jurisdictions in which they have their principal residence or commercial domicile.
Sample 1

Related to Combined Effective Marginal Tax Rate

  • Adjusted Eurodollar Rate means, for any Eurodollar Loan for any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) determined by Administrative Agent to be equal to the quotient obtained by dividing (a) the Eurodollar Rate for such Eurodollar Loan for such Interest Period by (b) 1 minus the Reserve Requirement for such Eurodollar Loan for such Interest Period.

  • Tax Rate means the rate imposed under section 51 of the income tax act of 1967, 1967 PA 281, MCL 206.51, for the tax year in which the tax year of the taxpayer for which the credit is being computed begins.

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • Adjusted Term SOFR Rate means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • Free Margin means the amount of funds available in the Client Account, which may be used to open a position or maintain an Open Position. Free Margin shall be calculated as follows: Free margin = Equity - Used Margin.

  • Cumulative Net Loss Ratio means, as of any Payment Date, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of Receivables that became Defaulted Receivables plus all the Cram Down Losses (without duplication) which occurred during the period from the Cut-Off Date through the end of the related Collection Period reduced by the amount of Liquidation Proceeds with respect to Defaulted Receivables received during such period which are applied to principal of the Defaulted Receivables to (ii) the Pool Balance as of the Cut-Off Date.

  • Hurdle Rate means the minimum annual rate of return over the Net Asset Value at launch, or the beginning of the relevant Performance Period, as applicable, that must be achieved before an Equalisation Performance Fee is applied (details of which are set out in the section headed “Unit Class Information” in the Supplement for the relevant Fund where applicable). This rate is accrued at each Valuation Point.