Gross-Up Factor definition
Gross-Up Factor means a fraction, (a) the numerator of which is one, and (b) the denominator of which is equal to (i) 100%, minus (ii) Polaris’s Pro Rata Share at the time the applicable Indemnifiable Cost was incurred and minus (iii) solely to the extent that a Gross Make-Whole Payment (or portion thereof) is to be satisfied in the form of Indemnity Shares, the Equity Compensation Adjustment Factor.
Gross-Up Factor means a fraction, (a) the numerator of which is one, and (b) the denominator of which is equal to (i) 100%, minus
Gross-Up Factor is calculated as follows: • The Dilution Horizon Ratio is calculated as follows: Sum of the monthly sales over the Adjusted Dilution Horizon *
Examples of Gross-Up Factor in a sentence
If such Tranche B Loans are made, the Company shall be required to repay to the non-defaulting Member an amount equal to (A) the aggregate principal amount of such Tranche B Loan, times (B) the Gross-Up Factor.
Thus, under current Law, the California S Corporation Gross-Up Factor for Seller’s taxable year ending December 31, 2012 is equal to 101.7007% ( 1 / (1 - .015 / (1 - .103))).
For each such loan, the Project Entity that is the borrower under such loans shall be required to repay to the non-defaulting Funding Party an amount equal to (i) the aggregate principal amount of such loans, times (ii) the Gross-Up Factor.
The amount of the Bonus shall be (A) the sum of all federal, state and local income, employment, social security and unemployment taxes and any interest expense or penalties thereon ("Taxes") attributable to the Agreed Adjustment less (B) the Tax Benefit Offset, as hereinafter defined, divided by the reciprocal of the maximum combined federal, state and local (net of federal benefit) income tax rates in effect in the year of payment (the "Gross-Up Factor").
More Definitions of Gross-Up Factor
Gross-Up Factor means, with respect to any loans made by a non-defaulting Member or Funding Party to the Company or a Project Entity in respect of an Approved Project following a Tranche A Loan Shortfall or a Capital Shortfall, a fraction expressed as a percentage, (a) the numerator of which is (i) in case of a Tranche A Loan Shortfall, the aggregate amount of funding under the Tranche A Loan that the defaulting Member or Funding Party would contribute to the Project Entity in respect of such Approved Project as set forth in the most recent estimated budget for such Approved Project approved by the Board, or (ii) in case of a Capital Shortfall, the aggregate amount of funding that the defaulting Member or Funding Party would contribute to the Company in respect of such Approved Project in the form of Capital Contributions or Tranche B Loans as set forth in the most recent estimated budget for such Approved Project approved by the Board, and (b) the denominator of which is (i) in case of a Tranche A Loan Shortfall, the aggregate amount of funding under the Tranche A Loan that such defaulting Member or Funding Party would make to the Project Entity in respect of such Approved Project as set forth in the most recent estimated budget for such Approved Project approved by the Board, less the sum of such Tranche A Loan Shortfall, or (ii) in case of a Capital Shortfall, the aggregate amount of funding that the defaulting Member or Funding Party would contribute to the Company in respect of such Approved Project in the form of Capital Contributions or Tranche B Loans as set forth in the most recent estimated budget for such Approved Project approved by the Board, less the sum of Capital Shortfall.
Gross-Up Factor is calculated as follows: • The Dilution Horizon Ratio is calculated as follows:
Gross-Up Factor for Seller’s taxable year including the Closing Date shall be equal to 1 / (1 - (x + y)), where x = the highest rate of federal income Tax that applies to a U.S. citizen’s long-term capital gains for such taxable year (currently 15%), and y = the highest marginal California personal income Tax rate (including the Mental Health Services Tax imposed by California Revenue & Taxation Code Section 17043 and any surtax) that applies to a California resident individual for such taxable year (currently 10.3%). Thus, under current Law, the Gross-Up Factor for Seller’s taxable year ending December 31, 2012 is equal to 133.8688% ( 1 / (1 - (.15 + .103))). For purposes of Section 9.12(g), the “Gross-Up Factor” for any subsequent taxable year of Seller shall be equal to 1 / (1 - (x + (y * (1 - z)))), where x = the highest rate of federal income Tax that applies to a U.S. citizen’s long-term capital gains for such taxable year (currently 15%), y = the highest marginal California personal income Tax rate (including the Mental Health Services Tax imposed by California Revenue & Taxation Code Section 17043 and any surtax) that applies to a California resident individual for such taxable year (currently 10.3%), and z = the highest marginal federal income Tax rate (including any surtax) that applies to a U.S. citizen for such taxable year (currently 35%). Thus, under current Law, the Gross-Up Factor for Seller’s taxable year ending December 31, 2014 is equal to 127.7058% ( 1 / (1 - (.15 + (.103 * (1 - .35)))).
Gross-Up Factor is calculated as follows:
Gross-Up Factor means a fraction, the numerator of which is one (1) and the denominator of which is remainder of subtracting from one hundred percent (100%) the percentage (expressed as a decimal fraction) the maximum combined federal and State of Georgia personal income tax rates applicable to ordinary income.
Gross-Up Factor means, for any Business Day, the quotient of (a) the sum of all Unpaid Balances of the Receivables as of the end of such day in Account Nos. 706-111 and 709-001, divided by (b) all Unpaid Balances of the Receivables as of the end of such day in Account No. 706-111.
Gross-Up Factor means the ratio of (1) units dispensed through all channels to (2) the sum of units dispensed through (A) Chain Stores, (B) Mail Order, (C) Independent and (D) Food Stores, each as reported by IMS National Sales Perspective.