TCF Deductions definition

TCF Deductions means, for any period and with respect to any Eligible Asset, the following expenses (without duplication) relating to such period (which shall include an appropriate pro rated portion of such expenses, if applicable) that are paid or payable, directly or indirectly, by the Borrower: (i) any and all taxes (other than the Borrower’s income taxes), (ii) all maintenance expenses, (iii) all insurance expenses, (iv) all utility expenses, (v) all monitoring expenses and (vi) all lease payments to the landlord/owner of the Easement underlying such Eligible Asset.
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TCF Deductions means, with respect to each calendar month (or pro rata portion thereof) and with respect to each Tower Asset (other than Managed Properties) solely to the extent TCF Revenue for such Tower Asset (including under Pending Leases, but excluding Managed Properties) is included in the calculation under TCF, the following expenses (without duplication) that are paid or payable, directly or indirectly, by the Company or any Company Subsidiary during such month (which shall include an appropriate pro-rated portion of the aggregate annualized amount of such expenses, if applicable), without duplication: (i) $86.00 per month per Tower Asset (other than Managed Properties), representing an agreed fixed estimation of any and all taxes (other than the Company’s or its Subsidiaries’ income taxes); (ii) $37.34 per month per Tower Asset (other than Managed Properties), representing an agreed fixed estimation of any and all maintenance and upkeep expenses; (iii) $40.78 per month per Tower Asset (other than Managed Properties), representing an agreed fixed estimation of any and all recurring property and liability insurance expenses; (iv) $22.46 per month per Tower Asset (other than Managed Properties), representing an agreed fixed estimation of any and all utility expenses; (v) $21.71 per month per Tower Asset (other than Managed Properties), representing an agreed fixed estimation of any and all monitoring expenses; and (vi) all recurring payments (excluding taxes) to the landlord/owner of the Ground Lease or Tower Site Easement, as applicable, underlying such Tower Asset, if any. Each of the foregoing shall be calculated and only included net of any amounts reimbursable by a third party. Each of the foregoing estimations is agreed as a fixed amount and shall not be subject to adjustment or true-up. “TCF Multiple” means 24.27.
Sample 1
TCF Deductions means, with respect to each fiscal quarter and with respect to any Eligible Asset, the following expenses (without duplication) relating to such quarter (which shall include an appropriate pro-rated portion of such expenses, if applicable) that are paid or payable, directly or indirectly, by the Company or any Subsidiary: (i) any and all taxes (other than the Company’s or its Subsidiaries’ income taxes); (ii) all maintenance expenses; (iii) all insurance expenses; (iv) all utility expenses; (v) all monitoring expenses; and (vi) all lease payments to the landlord/owner of the Easement underlying such Eligible Asset.
Sample 1

Related to TCF Deductions

  • Transaction Deductions means any deduction permitted for income Tax purposes attributable to (i) Transaction Expenses or other similar expenses paid on or prior to the Closing Date; and (ii) any fees, expenses, and interest (including amounts treated as interest for income Tax purposes) that were incurred in connection with the Indebtedness (or payment thereof).

  • Allowable Deductions means the following costs, charges, and expenses incurred or accrued by Payor:

  • Agreed Deductions means any deductions the Agency Worker has agreed can be made from their pay;

  • Permitted Deductions means the sum of, without duplication, the following costs or expenses:

  • Transaction Tax Deductions means any Tax deductions relating to (i) any pay down or satisfaction of Company Indebtedness or other Indebtedness, (ii) the payment or incurrence of any Transaction Expenses or Transaction Bonus Payments and (iii) any other deductible payments attributable to the Contemplated Transactions economically borne by the Seller. For this purpose, any success-based fees shall be treated as deductible in accordance with Rev. Proc. 2011-29.

  • Tax Deduction means a deduction or withholding for or on account of Tax from a payment under a Finance Document.

  • FATCA Deduction means a deduction or withholding from a payment under a Finance Document required by FATCA.

  • Nonrecourse Deductions has the meaning set forth in Section 1.704-2(b)(1) of the Regulations.

  • Partner Nonrecourse Deductions means any and all items of loss, deduction or expenditure (including any expenditure described in Section 705(a)(2)(B) of the Code) that, in accordance with the principles of Treasury Regulation Section 1.704-2(i), are attributable to a Partner Nonrecourse Debt.

  • Member Nonrecourse Deductions has the meaning of “partner nonrecourse deductions” set forth in Treasury Regulations Sections 1.704-2(i)(1) and 1.704-2(i)(2).

  • Deductions means any deductions which the Employment Business may be required by law to make and in particular in respect of PAYE pursuant to Sections 44-47 of the Income Tax (Earnings and Pensions) Act 2003 and Class 1 National Insurance Contributions;

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Nonrecourse Deduction shall have the meaning given such term in Regulations Section 1.704-2(b)(1).

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • UK Tax Deduction means a deduction or withholding for, or on account of, Tax imposed by the United Kingdom from a payment under a Loan Document.

  • Net Losses means, for each fiscal year or other period, an amount equal to the Partnership's taxable income or loss for such year or period determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:

  • Member Nonrecourse Deduction means “partner nonrecourse deduction” as defined in Treasury Regulations Section 1.704-2(i), substituting the term “Member” for the term “partner” as the context requires.

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • After-Tax Contributions means amounts withheld from an Employee’s Compensation pursuant to a Salary Reduction Agreement after all applicable state and federal taxes have been deducted. Such amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan.

  • Aggregate Net Losses means, with respect to a Collection Period, an amount equal to the aggregate Principal Balance of all Receivables that became Defaulted Receivables during such Collection Period minus all Net Liquidation Proceeds collected during such Collection Period with respect to all Defaulted Receivables.

  • Distribution Taxes means any Taxes incurred solely as a result of the failure of the Intended Tax Treatment of the Restructuring, the Contribution or the Distribution.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • Deficit means an excess of liabilities and reserves of a fund over its assets.