Margin Fraction definition

Margin Fraction means the After Tax Cash Margin divided by the Pretax Margin. After Tax Cash Margin = [(Revenue - OPEX - Linear Constant - Depreciation) x (Tax Adjustment)] + Depreciation
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Examples of Margin Fraction in a sentence

  • Valero post tax margin hurdle = [***] Depreciation = [***] Actual royalty = [***] Tax Adjustment = [***] After Tax Cash Margin = [***] Pretax Margin = [***] Margin Fraction = [***] Valero Pre Tax Margin Hurdle = [***] Adjustment = [***] Calculated PSR = [***] PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.

  • Valero post tax margin hurdle = [***] Depreciation = [***] Actual royalty = [***] Tax Adjustment = [***] After Tax Cash Margin = [***] Pretax Margin = [***] Margin Fraction = [***] Valero Pre Tax Margin Hurdle = [***] Adjustment = [***] PSR = [***] PORTIONS OF THIS EXHIBIT WERE OMITTED AND HAVE BEEN FILED SEPARATELY WITH THE SECRETARY OF THE COMMISSION PURSUANT TO AN APPLICATION FOR CONFIDENTIAL TREATMENT UNDER RULE 406 OF THE SECURITIES ACT; [***] DENOTES OMISSIONS.