Amount of Reduction. In the event that any portion of the Total Payments payable to Executive in connection with a Change in Control of Corporation would constitute an “excess parachute payment” within the meaning of Section 280G(b) of the Internal Revenue Code that is subject to the excise tax imposed on so-called excess parachute payments pursuant to Section 4999 of the Internal Revenue Code (an “Excise Tax”), Monthly Severance Payments otherwise payable under Sections 6.3 or 7.2 will be reduced to avoid such Excise Tax if, and to the extent that, such reduction will result in a larger after-tax benefit to Executive, taking into account all applicable federal, state, and local income and excise taxes.
Amount of Reduction. (1) In general. The amount of the reduction in aggre- gate taxable gifts (or adjusted taxable gifts) is the lesser of—
(i) The increase in the individual’s taxable gifts resulting from the inter- est being valued at the time of the ini- tial transfer under § 25.2702–2(b)(1) or (c); or
(ii) The increase in the individual’s taxable gifts (or gross estate) resulting from the subsequent transfer of the in- terest.
Amount of Reduction. Except as otherwise provided in paragraphs (c)(3)(iv) (pertaining to transfers of partial interests) and (e) (pertaining to initial split gifts) of this section, the amount of the reduction is the lesser of—
(1) The amount by which the initial transferor’s taxable gifts were in- creased as a result of the application of section 2701 to the initial transfer; or
(2) The amount (determined under paragraph (c) of this section) dupli- cated in the transfer tax base at the time of the transfer of the section 2701 interest (the duplicated amount).
Amount of Reduction. If public util- ity property of a taxpayer becomes de- regulated public utility property to which this section applies, the reduc- tion in the taxpayer’s excess tax re- serve permitted under section 203(e) of the Tax Reform Act of 1986 is equal to the amount by which the reserve could be reduced under that provision if all such property had remained public utility property of the taxpayer and the taxpayer had continued use of its normalization method of accounting with respect to such property.
Amount of Reduction. The amount of the permanent reduction in the Variable Facility is as follows: Amount of Reduction: $________________________________ Resulting Amount of Variable Facility: $____________________________________
Amount of Reduction to 6.0% $5,000 per 0.1% in excess of 2.0%
Amount of Reduction. $ ----------------------------------- Resulting Amount of [Variable] [Fixed] Facility: $ ----------------------------------- [If in connection with a reduction of the Variable Facility Commitment to $0 - Borrower elects to permanently relinquish its right to increase the amount of the Variable Facility Commitment during the Term of the Commitment, thereby causing the Recourse Termination Date to occur] Yes ___ No ___
Amount of Reduction. If, and to the extent that the Annual Additions to a Participant's Accounts is reduced in accordance with the provisions of Section 5.5(a) above, the amount of such reduction shall, subject to the limitations in Sections 5.1 and 5.4, be allocated among the respective Accounts respectively of all remaining Participants in the proportion that the Compensation of a Participant bears to the total Compensation of all Participants, excluding those affected by the limitations in Sections 5.1 and 5.4.
Amount of Reduction. The amount of the permanent reduction in the Revolving Facility is as follows: Amount of Reduction: $ Resulting Amount of Revolving Facility: $
Amount of Reduction a. The amount of mandatory reduction shall equal the shortfall in Total Storage Available as compared to the Total Storage Required; or
b. The amount of mandatory reduction shall equal the overage of the last 12 months actual production as compared to the then-current annual production target; or
c. The amount of mandatory reduction shall equal some other amount as reflected in a governmental or regulatory order.
