Percentage of income Sample Clauses

Percentage of income. An amount equal to the following percent- age of the excess of the taxpayer’s household income for the taxable year over the amount of gross income specified in section 6012(a)(1) with respect to the taxpayer for the taxable year:
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Percentage of income. You will pay 2.70 % of your Individual Earned Income each month, except that your obligation will be zero in months where: • Your Individual Earned Income (on an annualized basis) is below a Lower Income Cut-Off of $42,500.00 (adjusted annually for inflation), or • You have been granted a Payment Relief Pause. Furthermore, any monthly Individual Earned Income that is above $79,700.00 (expressed annually, or annual $6,641.67 monthly) (an "Upper Income Cut-Off," explained in more detail below) will not be included in your monthly payment calculation. Each year, you may also have a reconciliation payment due, or receive a credit, depending on whether your payments for the year were more or less than what you would owe based on your total income for the calendar year (as shown on your tax documentation). Note: The percentage amount above is not an interest rate. Finish Points, Payment Window, Early Completion: Your obligation under this agreement ends when you reach any one of the following Finish Points: • You have made 120 Monthly Payments calculated by multiplying the Percentage of Income by your Individual Earned Income each month (when your income is above the Lower Income Cutoff) ("Income- Determined Payments"), and you have paid any required reconciliation payments and fees; or • You have reached the 240-month maximum length of the Payment Window, and you have paid any required reconciliation payments and fees. (Any months when you are using a Payment Relief Pause will not count toward the Payment Window ); or • Your payments, including any Pay Ahead amounts, reach the Early Completion Amount, plus any outstanding fees. Fees: • Application Fee: No • Returned Payment Fee: $30.00 • Disbursement Fee: No • Failure to Provide Documents Fee: $20.00 • Origination Fee: No • Stop Payment/Returned Check/Returned • Late Fee: $7.80 or 5% of the Monthly ACH Fee: $30.00 Payment amount, whichever is greater Privacy and Confidentiality: Your privacy is important to Better Future Forward, Inc. You have been provided with the Privacy Policy that sets forth how we use your information. The Privacy Policy is also available at xxxxx://xxx.xxxxxxxxxxxxxxxxxxx.xxx/s/glba-privacy-policy Your Agreement with Better Future Forward Opportunity ISA Fund (CP2), LLC. SAMPLE THIS INCOME SHARE AGREEMENT (this "Agreement"), dated as of 08/15/2022 (the "Effective Date"), is by and between Better Future Forward Opportunity ISA Fund (CP2), LLC ("Funder"), a corporation with its principal p...
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Percentage of income. IST agrees that Vanguard shall receive a Fifty (50%) share of the net income after the preferred return to IST of 15% from management or other contracts IST receives in support of the Remote Cockpit project.
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Related to Percentage of income

  • Items of Income or Loss Except as is otherwise provided in this Exhibit B, an allocation of Partnership Net Income or Net Loss to a Partner shall be treated as an allocation to such Partner of the same share of each item of income, gain, loss, deduction and item of tax-exempt income or Section 705(a)(2)(B) expenditure (or item treated as such expenditure pursuant to Regulations Section 1.704-1(b)(2)(iv)(i)) (“Tax Items”) that is taken into account in computing Net Income or Net Loss.

  • Minimum Shareholders’ Equity The Borrower will not permit Shareholders’ Equity at the last day of any fiscal quarter of the Borrower to be less than $500,000,000 plus 25% of the net proceeds of the sale of Equity Interests by the Borrower and its Subsidiaries after the Ninth Amendment Effective Date (other than proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

  • Disposition of Income During the term of this Trust, all income received by the Trust, net of expenses and taxes, shall be accumulated and reinvested.

  • Allocations of Income and Loss For each taxable year, each holder of Preferred Units will be allocated a portion of the Net Income and Net Loss of the Partnership equal to the portion of the Net Income and Net Loss of the Partnership that would be allocated to such holder pursuant to Article 6 of the Agreement if such holder held a number of Partnership Common Units equal to (i) the number of Preferred Units held by such holder, multiplied by (ii) 0.5. Upon liquidation, dissolution or winding up of the Partnership, the Partnership shall endeavor to allocate income and gain to the holders of the Preferred Units such that the Capital Accounts related to the Preferred Units are equal to their Liquidation Preference.

  • Shareholders’ Equity Permit Gannett’s Total Shareholders’ Equity at any time to be less than $3,500,000,000.

  • Maximum Consolidated Capital Expenditures Holdings shall not, and shall not permit its Subsidiaries to, make or incur Consolidated Capital Expenditures, in any Fiscal Year, in an aggregate amount for Holdings and its Subsidiaries in excess of $125,000,000; provided, such amount for any Fiscal Year shall be increased by an amount equal to the excess, if any (but in no event more than $62,500,000), of such amount for the immediately preceding Fiscal Year (with the above scheduled amount for any Fiscal Year being used prior to any amount carried over from the preceding Fiscal Year) over the actual amount of Consolidated Capital Expenditures for such previous Fiscal Year; provided, further, so long as no Default shall have occurred and being continuing or would result therefrom, Holdings and its Subsidiaries may also make Consolidated Capital Expenditures in an amount not to exceed the Cumulative Growth Amount immediately prior to the making of such Consolidated Capital Expenditures (but the amount of Consolidated Capital Expenditures made from the Cumulative Growth Amount in any Fiscal Year shall not exceed 50% of the above scheduled amount of Consolidated Capital Expenditures that would have otherwise been permitted to made in such Fiscal Year pursuant to this Section 6.7(c)); and provided, further that for each Permitted Acquisition consummated in any Fiscal Year and, if consummated, the SDI Acquisition in the Fiscal Year ending December 31, 2011, the maximum amounts set forth above for such Fiscal Year and for every Fiscal Year thereafter shall be increased by an amount equal to 110% of the quotient obtained by dividing (A) the amount of Consolidated Capital Expenditures made by the acquired Person or business for the thirty-six month period immediately preceding the consummation of such Permitted Acquisition or SDI Acquisition as determined by the financial statements for such acquired Person or business by (B) three (3).

  • Limited Distributions of Income from Trust Account (a) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit C, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company to cover any income or other tax obligation owed by the Company.

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