Excess Amount definition

Excess Amount has the meaning set forth in Section 13.

Excess Amount means the excess of the Participant's Annual Additions for the Limitation Year over the Maximum Permissible Amount.

Excess Amount has the meaning set forth in Section 9.02.

Examples of Excess Amount in a sentence

• If in any Limitation Year an Excess Amount should result for any Participant, then such Excess Amount may be corrected in accordance with the Employee Plans Compliance Resolution System ("EPCRS") as set forth in IRS Revenue Procedure 20062013-2712 or any superseding guidance, including but not limited to the Income Tax Regulations under Section 415 of the Internal Revenue Code.

• If, for any reason, the sum due to the Supplier for the Leased Yacht under the Sale Contract exceeds the Agreed Purchase Price of the Leased Yacht and the Lessor is obliged to make any payment in connection with the purchase of the Leased Yacht in an amount required to cover such excess (the "Excess Amount"), then the Lessee shall promptly reimburse to the Lessor such Excess Amount in accordance with the terms and conditions provided for in clause 5 (Rental and Payments).

More Definitions of Excess Amount

Excess Amount shall have the meaning assigned to such term in Section 2.10(h)(ii).

Excess Amount. The excess of the Participant's Annual Additions for the Limitation Year over the Maximum Permissible Amount.

Excess Amount means the amount by which such payment exceeds the amount that would have been received by a Note Holder or the Trustee if the Owner Trustee (in its individual capacity) or the Owner Participant had not become subject to the recourse liability referred to in clause (ii) above. Nothing contained in this Section 2.03(b) shall prevent a Note Holder or the Mortgagee from enforcing any personal recourse obligation (and retaining the proceeds thereof) of the Owner Trustee (in its individual capacity) or the Owner Participant under the Participation Agreement, the Lease or this Trust Indenture (and any exhibits or annexes hereto or thereto) or from retaining any amount paid by Owner Participant under Section 2.13 or 4.03 hereof.

Excess Amount has the meaning set forth in Section 6.02(c).

Excess Amount shall have the meaning assigned to such term in Section 2.10(h).

Excess Amount has the meaning specified in Section 2.03(b) hereof.

Excess Amount shall have the meaning set forth in Section 11(a)(iii) hereof.