Highest Marginal Rate definition

Highest Marginal Rate means, with respect to any Member, the then highest marginal federal income tax rate applicable to such Member. The Highest Marginal Rate applicable to the Class A Member shall be 37.6%, as such rate may be adjusted with respect to any Fund Company if specified otherwise in a Fund Addendum.
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Highest Marginal Rate in respect of any Item, as of any date of determination, means the highest combined marginal rate of federal, state and local income tax applicable (with respect to the particular Item) to the two individuals having the largest direct or indirect ownership of the equity interests in S▇▇▇▇▇▇ on such date, giving effect to deductions allowed for state or local income taxes in computing federal income taxes, for the period in which such Item is taken into account by such individuals.
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Examples of Highest Marginal Rate in a sentence

  • If there is any change in the Highest Marginal Rate, the Fund shall notify the Auction Agent in writing of such change prior to 12:00 Noon on the Business Day prior to the next Auction Date for APS succeeding such change.

  • Such payments shall be computed taking into account items of income, gain, deduction, loss and any other items (including credits) that are attributable to the Measurement Period and that are taken into account in determining taxable income or loss or income taxes, in each case allocable to the MGIC/Radian Purchased Class A Units and any Specified Interests (collectively, “Items”), and assuming that all taxable income is subject to tax at the Highest Marginal Rate.

  • In determining the Maximum Rate for the APS on any Auction Date, the Auction Agent shall be entitled to rely on the Highest Marginal Rate of which it has most recently received notice from the Fund (or, in the absence of such notice, the percentage set forth in the first sentence of this paragraph (c)).

  • In determining the Maximum Rate for any series of APS on any Auction Date, the Auction Agent shall be entitled to rely on the Highest Marginal Rate of which it has most recently received notice from the Fund (or, in the absence of such notice, the percentage set forth in the first sentence of this paragraph (c)).

  • In determining the Maximum Rate for any series of Municipal Preferred on any Auction Date, the Auction Agent shall be entitled to rely on the Highest Marginal Rate of which it has most recently received notice from the Trust (or, in the absence of such notice, the percentage set forth in the Request and Acceptance Letter).

  • If there is any change in the Highest Marginal Rate, the Trust shall notify the Auction Agent in writing of such change prior to 12:00 Noon, New York City time, on the Business Day prior to the next Auction Date for Municipal Preferred succeeding such change.

Related to Highest Marginal Rate

  • ANNUAL RATE ADJUST: MONTHLY P&I : 2,508.79 OUTSIDE CONV DATE : LIFETIME RATE : 6.50000 MATURITY DATE : 09/01/13 CURRENT INT RATE: 6.50000 PRODUCT CODE : 002 LTV : 80.00000 ----------------------------------------------------------------- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,435,124.00 P & I AMT: 12,853.09 UPB AMT: 1,426,160.25 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 11/01/98 P.O. BOX 5260 TMS AG0004982215 01 02 03 PAGE: 45 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ----------------------------------------------------------------- 0 0007743966 MORTGAGORS: HUITZINGH KRUNO HUITZINGH BARBARA REGION CODE ADDRESS : 8305 BLUFFVIEW WAY 02 CITY : COLORA▇▇ ▇▇▇▇▇▇▇ STATE/ZIP : CO 80919 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 298,060.10 ANNUAL RATE ADJUST: MONTHLY P&I : 2,654.73 OUTSIDE CONV DATE : LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/13 CURRENT INT RATE: 6.75000 PRODUCT CODE : 002 LTV : 48.78000 ----------------------------------------------------------------- 0 0007743974 MORTGAGORS: SHARP RAYMOND ▇▇▇▇▇ ▇▇▇▇▇▇ REGION CODE ADDRESS : ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ 02 CITY : PRIOR LAKE STATE/ZIP : MN 55372 MORTGAGE AMOUNT : 288,500.00 OPTION TO CONVERT : UNPAID BALANCE : 286,654.45 ANNUAL RATE ADJUST: MONTHLY P&I : 2,573.00 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/13 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 72.12500 ----------------------------------------------------------------- 0 0007743982 MORTGAGORS: CANDIA GUILLERMO CANDIA ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ : ▇▇ ▇▇SERVOIR ROAD 02 CITY : COHASSE▇ STATE/ZIP : MA 02025 MORTGAGE AMOUNT : 272,000.00 OPTION TO CON▇▇▇▇ : UNPAID BALANCE : 270,222.15 ANNUAL RATE ADJUST: MONTHLY P&I : 2,388.14 OUTSIDE CONV DATE : LIFETIME RATE : 6.62500 MATURITY DATE : 09/01/13 CURRENT INT RATE: 6.62500 PRODUCT CODE : 002 LTV : 68.00000 ----------------------------------------------------------------- 0 0007744006 MORTGAGORS: KATO EUGENE REGION CODE ADDRESS : ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ 02 CITY : ▇▇▇▇▇▇▇▇ STATE/ZIP : WA 98005 MORTGAGE AMOUNT : 280,000.00 OPTION TO CON▇▇▇▇ : UNPAID BALANCE : 278,284.83 ANNUAL RATE ADJUST: MONTHLY P&I : 2,575.79 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/13 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 57.73190 ----------------------------------------------------------------- 0 0007744014 MORTGAGORS: HORITA YONEKAZU HORITA MARILYN REGION CODE ADDRESS : ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ 02 CITY : HE▇▇▇▇▇ STATE/ZIP : VA 20171 MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT : UNPAID BALANCE : 263,304.79 ANNUAL RATE ADJUST: MONTHLY P&I : 2,363.41 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/13 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 77.94100 ----------------------------------------------------------------- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,405,500.00 P & I AMT: 12,555.07 UPB AMT: 1,396,526.32 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 11/01/98 P.O. BOX 5260 TMS AG0004982215 01 02 03 PAGE: 46 CHERRY HILL, N.J. 08034 (800) 257-7818

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Loans included in the Aggregate Net Collateral Balance, the number obtained by (a) summing the products obtained by multiplying (i) the Advance Rate of each Eligible Collateral Loan by (ii) such Eligible Collateral Loan’s contribution to the Aggregate Net Collateral Balance and dividing such sum by (b) the Aggregate Net Collateral Balance.

  • Interest Margin or "rm" means the percentage specified as such in the table below. The Calculation Agent may adjust the Interest Margin, acting in good faith and in a commercially reasonable manner, to reflect any disparity between the Reference Interest Rate and the Issuer's funding rate, save that the Interest Margin will not be less than the Minimum Interest Margin and will not exceed the Maximum Interest Margin;

  • Three-Month LIBOR Rate means the rate determined in accordance with the following provisions:

  • Annual Revenue Rate means the rate employed to assess a compliance penalty charge on a Curtailment Service Provider under Tariff, Attachment DD, section 11.