Estimation Period definition

Estimation Period means the period for which a shareholder, partner or member, who is an individual is required to estimate for federal income tax purposes his allocation of taxable income from a Subchapter S corporation or a partnership for federal income tax purposes in connection with determining his estimated federal income tax liability for such period.

Estimation Period means, with respect to any Lease Vehicle that is a Series 2013-G1 Program Vehicle with respect to which the applicable depreciation charge set forth in the related Series 2013-G1 Manufacturer Program for such Lease Vehicle has not been recorded in the Lessor’s or its designee’s computer systems or has been recorded in such computer systems, but has not been applied to such Series 2013-G1 Program Vehicle therein, the period commencing on such Lease Vehicle’s Vehicle Operating Lease Commencement Date and terminating on the date such applicable depreciation charge has been recorded in the Lessor’s or its designee’s computer systems and applied to such Series 2013-G1 Program Vehicle therein.

Estimation Period means, with respect to any Lease Vehicle that is a Program Vehicle with respect to which the applicable depreciation charge set forth in the related Manufacturer Program for such Lease Vehicle has not been recorded in the applicable FleetCo’s or its designee’s computer systems or has been recorded in such computer systems, but has not been applied to such Program Vehicle therein, the period commencing on such Lease Vehicle’s Vehicle Lease Commencement Date and terminating on the date such applicable depreciation charge has been recorded in such FleetCo’s or its designee’s computer systems and applied to such Program Vehicle therein.

Examples of Estimation Period in a sentence

• If the Program Vehicle Depreciation Assumption True-Up Amount with respect to any Lease Vehicle is a positive number as of the first day following the end of the Estimation Period for such Lease Vehicle, then the Lessee of such Lease Vehicle shall pay the Lessor such Program Vehicle Depreciation Assumption True-Up Amount with respect to such Lease Vehicle in accordance with Sub-Clause 4.7.1 (Payments).

• If the Program Vehicle Depreciation Assumption True-Up Amount with respect to any Lease Vehicle is a positive number as of the first day following the end of the Estimation Period for such Lease Vehicle, then the Lessee of such Lease Vehicle shall pay the Lessor such Program Vehicle Depreciation Assumption True-Up Amount with respect to such Lease Vehicle in accordance with Section 4.7.1.

• Based on the evidence presented, the Commission finds that Petitioner’s estimating techniques are reasonable, and its estimates for the Estimation Period should be accepted.

• For purposes of this Agreement, the “Income Amount” for a Tax Estimation Period shall equal, with respect to any Member, the net taxable income of the Company allocated or allocable to such Member for such Tax Estimation Period (excluding any compensation paid to a Member outside of this Agreement).

• If the Program Vehicle Depreciation Assumption True-Up Amount with respect to any Lease Vehicle is a positive number as of the first day following the end of the Estimation Period for such Lease Vehicle, then the Lessee of such Lease Vehicle shall pay the Lessor such Program Vehicle Depreciation Assumption True-Up Amount with respect to such Lease Vehicle in accordance with Clause 4.7 (Payments).

More Definitions of Estimation Period

Estimation Period means, for any Estimation Day, the period from such Estimation Day until the date 30 days after such Estimation Day.

Estimation Period means each three-month period ending on the last day of March, May, August and December, respectively.

Estimation Period means the period for which a Taxpayer is required to estimate for Federal income tax purposes his allocation of taxable income from the Borrower during a calendar year in connection with determining his estimated federal income tax liability for such period.

Estimation Period means the period for which a stockholder of Parent is required to estimate for federal income tax purposes his allocation of taxable income from a Subchapter S corporation or any entity that is treated as a pass-through entity for federal income tax purposes in connection with determining his estimated federal income tax liability for such period.

Estimation Period means each tax period ending on a quarterly estimated tax payment date for federal income tax purposes for a corporation that is taxed on a calendar year basis.

Estimation Period means the period for which any Member (or any stockholder of KCI) is required to estimate for Federal income tax purposes his allocation of taxable income from the Company during a calendar year in connection with determining his estimated Federal income tax liability for such period. The "Quarterly Pro Rata Tax Liability of the Company" shall equal (A) the product of (x) the taxable income of the Company for any Estimation Period that is allocated to the Members' Capital Accounts as a result of allocations pursuant only to Section 9(a) of this Agreement and (y) the Tax Percentage, reduced by (B) to the extent not previously taken into account, any income tax benefit attributable to the tax items of the Company and its subsidiaries which could be legally realized (without regard to actual realization) by the Members with respect to tax items of the Company and its subsidiaries in the current or any prior taxable year, or portion thereof, computed at the applicable Tax Percentage for the year that such benefit is taken into account for purposes of this computation. "Tax Percentage" means, for a particular taxable year, the highest effective marginal combined rate of Federal, state and local income tax, imposed (1) for any period when KCI is a pass-through entity for Federal income tax purposes, on any stockholder of KCI and (2) for any period when KCI is not a pass-through entity for Federal income tax purposes, on a Delaware corporation that owns Shares in the Company. The "Grossed-Up Minimum Amount" is the minimum amount, based on the prior tax year's tax liability of Sub or any stockholder of KCI (taking into account only tax items attributable to the Company (including tax items specially allocated under clause (ii), below)) the pro rata distribution of which is required to avoid any underpayment penalties or interest by Sub and any stockholder of KCI (taking into account only tax items attributable to the Company (including tax items specially allocated under clause (ii) below)).

Estimation Period means, for any Accrual Period, a period from and including the Determination Date for such Accrual Period to but excluding the Payment Date for such Accrual Period.