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.

  • 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.

  • 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.

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

  • Motor Fuels Tax Maximum Income EligibilityHousehold TypeMN Taxable IncomeMarried filing jointly, including surviving spouses$33,220Married filing separately16,610Head of household27,980Single filer22,730 House Research Department Because the eligibility threshold applies after any itemized deductions (which are used less frequently by lower income filers), it does not necessarily reflect what is traditionally thought of as a household’s income.

  • Unfunded CAS Pension Costs Over The ERISA Tax Maximum During our previous review of Cahaba (Report Number: A-07-94-00817), we determined that the Medicare segment accumulated $912,730 in unfunded pension costs as of January 1, 1994.

  • 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.

  • Chart 6.2: 2003-04 Payroll Tax Maximum Rates Note: As at 1 January 2005.Source: State legislation as at 22 April 2005.Following the increases in the Territory’s payroll tax exemption threshold announced in the 2004-05 Budget (from $600 000 to $800 000 on 1 July 2004, then from $800 000 to $1 million on 1 July 2005), the threshold where payroll tax commences in the Territory will be higher than the majority of states.


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 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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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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Related to Tax Maximum

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

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

  • alternative maximum council tax reduction means the amount determined in accordance with paragraph 31 and Schedule 4;

  • 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

  • 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.

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • 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.

  • Tax Distribution Date has the meaning set forth in Section 4.01(b)(i).

  • 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.