Alternative Minimum Tax Benefit Sample Clauses

Alternative Minimum Tax Benefit. The Alternative Minimum Tax Benefit of such Subgroup (for purposes of this calculation, each First Tier LLC shall be treated as if it were a corporation) for the taxable year or portion thereof shall be equal to: i. such Subgroup's Pre-Adjustment Alternative Minimum Tax Benefit, which shall be equal to the sum of (x) the product of (a) the amount of the alternative tax net operating loss deduction, calculated in accordance with Proposed Treasury Regulations Section 1.1502-55(b)(4) (but determined without regard to the 90% limitation), attributable to such Subgroup (whether attributable to such taxable year or part thereof or carried to such taxable year or part thereof from another taxable year, but excluding any part thereof which has been used to reduce such Subgroup's Federal Tax Liability or Regular Tax Liability for such taxable period or any other taxable period or to increase such Subgroup's Federal Tax Benefit or Regular Tax Benefit for any other taxable period pursuant to this Agreement or the Amended Agreement) and actually used by the TCI Affiliated Group during such taxable year or part thereof to reduce its consolidated federal income tax liability, calculated as though such Subgroup were required to file a consolidated corporate federal income tax return pursuant to the Code (with the timing of the recognition of income, gain, deduction and loss and other items determined by reference to the timing of such items for purposes of the preparation of the consolidated return of the TCI Affiliated Group) for such period, and (b) the AMT Tax Rate; and (y) the amount of tax credits attributable to such Subgroup (whether attributable to such taxable year or part thereof or carried to such taxable year or part thereof from another taxable year, but excluding any part thereof which has been used to reduce such Subgroup's Federal Tax Liability or Regular Tax Liability for such taxable period or any other taxable period or to increase such Subgroup's Federal Tax Benefit or Regular Tax Benefit for any other taxable period pursuant to this Agreement or the Amended Agreement) that are actually utilized by the TCI Affiliated Group to reduce its consolidated federal income tax liability for such tax period; reduced by ii. the AMT Benefit Adjustment, if such Subgroup is an AMT Loss Subgroup, which shall be equal to the lesser of: (1) the product of (x) the amount of AMT Current Losses that are attributable to such AMT Loss Subgroup, and (y) the AMT Tax Rate; an...
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Related to Alternative Minimum Tax Benefit

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution. (b) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall also be subject to adjustment pursuant to Section 6.9.

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • Minimum Net Income If as of the last day of any calendar month within a fiscal quarter of the Seller, the Seller’s consolidated Adjusted Tangible Net Worth is less than [***] or the Seller, on a consolidated basis, has cash and Cash Equivalents in an amount that is less than [***], in either case, the Seller’s consolidated Net Income for that fiscal quarter before income taxes for such fiscal quarter shall equal or exceed [***].

  • Early Distribution Penalty Tax If you receive a Traditional IRA distribution or a nonqualified Xxxx XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount of the distribution unless one of the following exceptions apply.

  • Maximum Total Payment Including the reimbursable expenses shown above (if any), the maximum total payment under this Contract is $ ; this is a not-to-exceed amount, and the District will not pay more than this amount unless specifically agreed to in an amendment executed by the parties.

  • Minimum Adjusted EBITDA Borrower shall maintain a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $75,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2024, and continuing on each subsequent March 31 and September 30.

  • Gross Income Allocation If any Partner has a deficit Capital Account at the end of any Fiscal Year which is in excess of the sum of (i) the amount such Partner is obligated to restore, if any, pursuant to any provision of this Agreement, and (ii) the amount such Partner is deemed to be obligated to restore pursuant to the penultimate sentences of Treasury Regulations Section 1.704-2(g)(1) and 1.704-2(i)(5), each such Partner shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible; provided that an allocation pursuant to this Section 5.05(c) shall be made only if and to the extent that a Partner would have a deficit Capital Account in excess of such sum after all other allocations provided for in this Article V have been tentatively made as if Section 5.05(b) and this Section 5.05(c) were not in this Agreement.

  • How Do I Correct an Excess Contribution? If you make a contribution in excess of your allowable maximum, you may correct the excess contribution and avoid the 6% penalty tax under Section 4973 of the Internal Revenue Code for that year by withdrawing the excess contribution and its earnings on or before the due date, including extensions, of the tax return for the tax year for which the contribution was made (generally October 15th). Any earnings on the withdrawn excess contribution may be subject to a 10% early distribution penalty tax if you are under age 59½. In addition, in certain cases an excess contribution may be withdrawn after the time for filing your tax return. Finally, excess contributions for one year may be carried forward and applied against the contribution limitation in succeeding years.

  • Minimum Revenue Borrower and its Subsidiaries shall have Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”): (a) during the twenty-four month period beginning on January 1, 2015, of at least $45,000,000; (b) during the twenty-four month period beginning on January 1, 2016, of at least $80,000,000; (c) during the twenty-four month period beginning on January 1, 2017, of at least $110,000,000; and (d) during the twenty-four month period beginning on January 1, 2018, of at least $120,000,000; and (e) during the twenty-four month period beginning on January 1, 2019, of at least $120,000,000.

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

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