Taxable Rate Factor means for each day that the Taxable Rate is determined, the quotient of (i) one divided by (ii) one minus the Maximum Federal Corporate Tax Rate in effect as of such day, rounded upward to the second decimal place.
Taxable Rate Factor means the amount by which the LIBOR Term Indexed Rate must be multiplied to achieve the equivalent taxable rate given the highest marginal federal corporate income Tax rate (which is 21%, as of the Third Amendment Amendment Effective Date). The Taxable Rate Factor from time to time shall be determined by the Administrative Agent and notified by the Administrative Agent to the Trustee.
Taxable Rate Factor means 1.54.
Examples of Taxable Rate Factor in a sentence
As of the Third Amendment Amendment Effective Date, the Taxable Rate Factor is 1.2658.
Taxable Rate Factor" shall mean, on the applicable date of determination, an amount equal to (a) one divided by (b) one minus the highest marginal federal corporate income tax rate in effect as of such date, rounded upwards to the nearest one-hundredth percent.In the event any installment of interest or principal is not paid within ten (10) days after the installment is due, the Authority shall pay the Lender a late charge equal to 5% of the installment of interest or principal then due.
More Definitions of Taxable Rate Factor
Taxable Rate Factor has the meaning stated in the Bondholder Agreement, which is 1.53846 as of the effective date of this Bond Indenture, provided that no change in the Taxable Rate Factor shall occur unless and until the Trustee receives written notice thereof from the Bondholder Representative.
Taxable Rate Factor means 1.5386.
Taxable Rate Factor means the quotient of (a) one divided by (b) one minus the Maximum Federal Corporate Tax Rate.
Taxable Rate Factor means the quotient of one (1) over the difference of one (1) minus the Maximum Federal Corporate Tax Rate, rounded, if necessary, upwards to the nearest 1/100th of a percent. (1 / (1 – Maximum Federal Corporate Tax Rate)).
Taxable Rate Factor means, for each day that the Taxable Rate is determined, the quotient of
Taxable Rate Factor means [1.439].
Taxable Rate Factor means for each day that the Taxable Rate is determined, the quotient of (i) one divided by (ii) one minus the Maximum Federal Corporate Tax Rate in effect as of such day.