Tax Maximum definition

Tax Maximum means, for any Series of Bonds, the lesser of: the greatest amount of principal, interest and premium, if any, required to be paid in any Fiscal Year on such Series; 125% of average amount of principal, interest and premium, if any, required to be paid on such Series during all Fiscal Years in which such Series will be Outstanding, calculated as of the date of issuance of such Series; or, ten percent of the proceeds of such Series, as “proceeds” is defined for purposes of Section 148(d) of the Code.
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Tax Maximum means, for any Series of Bonds, the lesser of: (a) the Maximum Annual Debt Service on the Outstanding Bonds of the Series, determined as of the date of calculation; (b) 125% of the average amount of principal, interest and premium, if any, required to be paid on that Series during all Fiscal Years in which that Series will be Outstanding, calculated as of the date of issuance of that Series; or, (c) ten percent of the proceeds of such Series, as “proceeds” is defined for purposes of Section 148(d) of the Code.
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Tax Maximum means, for any Series of Senior Lien Borrowings, the lesser of: the Maximum Annual Debt Service on such Series; 125% of average Annual Debt Service on such Series during all Fiscal Years in which such Series will be Outstanding, calculated as of the date of issuance of such Series; or, ten percent of the proceeds of such Series, as “proceeds” is defined for purposes of Section 148(d) of the Code.
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Examples of Tax Maximum in a sentence

  • Development Special Tax, Office Special Tax, Shoreline Special Tax The Maximum Development Special Tax, Maximum Office Special Tax, and Maximum Shoreline Special Tax for Leasehold Interests in Undeveloped Property in all Tax Zones shall be the Expected Maximum Development Special Tax Revenues, Expected Maximum Office Special Tax Revenues, and Expected Maximum Shoreline Special Tax Revenues shown in Attachment 3 of this RMA, as it may be amended as set forth herein.1b.

  • Oil and Gas Conservation Tax Maximum 5 mills/barrel of oil and 0.5 mill/1,000 cu.

  • Gold, silver or any platinum group metal shipped to refinery, 1.6%.Oil or Gas Conservation Tax Maximum 0.3% on the market value of each barrel of crude petroleum oilor 10,000 cu.

  • Natural Resources Severance Tax Separate rate for each substance.Oil and Gas Conservation Tax Maximum 25 mills/bbl.

  • There remain ample opportunity for factional infighting in both capitals and thus for the pathologies caused by misperception within and between both the PRC and ROC.

  • PITMAXL is the Personal Income Tax Maximum Income Level defined as the lowest level of income at which the top marginal personal income tax rate is imposed, expressed as a multiple of per capita GDP.

  • The study results for energy consumptions indicate, for transcritical CO2 compared to R513A/CO2 cascades, a range from 12% energy savings to -4% (i.e. energy losses) across 16 different locations in Spain and similar results for Portugal (from 8% energy savings to ca.

  • Severance Tax (e) Separate rate for each substance.Oil and Gas Conservation Tax Maximum 1.5 mills/$1 of market value at wellhead.

  • If a Series of Bonds is issued in the form of a loan agreement or another obligation other than a conventional bond, the Tax Maximum for that Series shall be calculated in the same manner as if the principal and interest payments due on that Series were principal and interest payments that are due on a conventional bond.

  • Course Contents:Module-1 -Introduction-Brief History of Income tax in India - Basic Concept Finance Act- Definition of Income- Gross Total Income -Total Income -Assessee-Assessment Year Average Rate of Tax- Maximum Marginal Rate-Previous Year - Person Finance Act Agricultural Income Partly agricultural Income - Clubbing of agricultural income with non agricultural income(Integration) Rates of Income Tax -Accelerated Assessment-Capital and Revenue.


More Definitions of Tax Maximum

Tax Maximum means the maximum dollar amount permitted by the Code to be allocated to a debt service reserve account from bond proceeds of Tax-Exempt Bonds or Tax Credit Subsidy Bonds without requiring a balance to be invested at a restricted yield.
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Tax Maximum means, for any Series of 2013 Series A Reserve Subaccount Bonds, the lesser of the following, calculated as of the date a Series of 2013 Series A Reserve Subaccount Bonds is issued: (a) the greatest amount of principal, interest and premium, if any, remaining to be paid in any Fiscal Year on that Series; (b) 125% of average amount of principal, interest and premium, if any, required to be paid on that Series during all Fiscal Years in which such Series will be Outstanding; or, (c) ten percent of the proceeds of that Series, as “proceeds” is defined for purposes of Section 148(d) of the Code.
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Tax Maximum means the maximum dollar amount permitted by the Code to be allocated to a bond reserve account from bond proceeds without requiring a balance to be invested at a restricted yield.
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Tax Maximum means, for any Series of Bonds, the lesser of: the greatest amount of principal, interest and premium, if any, required to be paid in any Fiscal Year on such Series; 125% of average amount of principal, interest and premium, if any, required to be paid on such Series during all Fiscal Years in which such Series will be Outstanding, calculated as of the date of issuance of such Series; or, ten percent of the proceeds of such Series, as “proceeds” is defined for purposes of Section 148(d) of the Code. If a Series of Bonds is issued in the form of a loan agreement or another obligation other than a conventional bond, the Tax Maximum for that Series shall be calculated in the same manner as if the principal and interest payments due on that Series were principal and interest payments that are due on a conventional bond.
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Related to Tax Maximum

  • Daily Maximum discharge limitation means the highest allowable “daily discharge” during the calendar month.

  • Daily Maximum Cash Amount means, with respect to the conversion of any Note, the quotient obtained by dividing (A) the Specified Dollar Amount applicable to such conversion by (B) forty (40).

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Normal Maximum Generation means the highest output level of a generating resource under normal operating conditions.

  • Book-Tax Disparity means with respect to any item of Contributed Property or Adjusted Property, as of the date of any determination, the difference between the Carrying Value of such Contributed Property or Adjusted Property and the adjusted basis thereof for federal income tax purposes as of such date. A Partner’s share of the Partnership’s Book-Tax Disparities in all of its Contributed Property and Adjusted Property will be reflected by the difference between such Partner’s Capital Account balance as maintained pursuant to Section 5.5 and the hypothetical balance of such Partner’s Capital Account computed as if it had been maintained strictly in accordance with federal income tax accounting principles.

  • Load allocation means the portion of a receiving water's loading capacity that is allocated to one

  • Pro Rata Allocation The allocation of the principal portion of Realized Losses to the Senior Certificates (other than the Class R and Class P Certificates), on the one hand, and the Class B Certificates, on the other hand, pro rata according to their respective aggregate Class Principal Balances, in reduction thereof in the manner provided in the succeeding paragraphs of this definition (except if the loss is recognized with respect to a Class P Mortgage Loan, in which case the applicable Class P Fraction of such loss shall first be allocated to the Class P Certificates, and the remainder of such loss shall be allocated as set forth above), and the allocation of the interest portion of Realized Losses to all Classes of Certificates (other than the Class R and Class P Certificates) pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof, and then to the Senior Certificates (other than the Class R, Class P and Class X Certificates), on the one hand, and the Class B Certificates, on the other hand, pro rata according to their respective aggregate Class Principal Balances, in reduction thereof in the manner provided in the succeeding paragraphs of this definition. The principal portion of a Realized Loss on any Mortgage Loan allocated to the Class A Certificates pursuant to this definition of "Pro Rata Allocation" shall be allocated in reduction of the respective Class Principal Balances of the Subgroup 1, Subgroup 2 and Subgroup 3 Certificates as follows:

  • Taxable Year means a taxable year of the Corporate Taxpayer as defined in Section 441(b) of the Code or comparable section of state or local tax law, as applicable (and, therefore, for the avoidance of doubt, may include a period of less than 12 months for which a Tax Return is made), ending on or after the IPO Date.

  • Daily Maximum Limit means the maximum allowable discharge of a pollutant during a calendar day. Expressed as units of mass, the daily discharge is cumulative mass discharged over the course of the day. Expressed as a concentration, it is the arithmetic average of all measurements taken that day.

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.

  • After-Tax Basis means, with respect to any payment due to any Person, the amount of such payment supplemented by a further payment or payments so that the sum of all such payments, after reduction for all Taxes payable by such Person by reason of the receipt or accrual of such payments, shall be equal to the payment due to such Person.

  • Tax Limitation Amount means the maximum amount which may be placed as the Appraised Value on the Applicant’s Qualified Property for maintenance and operations tax assessment in each Tax Year of the Tax Limitation Period of this Agreement pursuant to Section 313.054 of the TEXAS TAX CODE.