Applicable Denominator definition

Applicable Denominator means, with respect to the applicable Performance Year, the sum obtained by adding (1) eight and (2) the product obtained by multiplying (A) four and (B) the number of eligible Participants, other than the Chief Executive Officer, with respect to such Performance Year.
Sample 1
Applicable Denominator means (a) $61 million for the First Earnout Period, (b) $94.7 million for the Second Earnout Period and (c) $138.4 million for the Third Earnout Period.
Sample 1Sample 2
Applicable Denominator means (A) with respect to the First Earnout Period, the excess of the Target Net Revenue for such period over the Minimum Net Revenue for such period, (B) with respect to the Second Earnout Period, the excess of the Target Net Revenue for such period over the Minimum Net Revenue for such period, (C) with respect to the Third Earnout Period, the excess of the Target Net Revenue for such period over the Minimum Net Revenue for such period, (D) with respect to the Fourth Earnout Period, the excess of the Target Net Revenue for such period over the Minimum Net Revenue for such period, and (E) with respect to the Final Catch-Up Earnout Period (if any), the excess of the Target Net Revenue for such period over the Minimum Net Revenue for such period.
Sample 1

Examples of Applicable Denominator in a sentence

  • That step is generally no longer needed to determine the Applicable Denominator, since the 10-year rule now applies to most designated beneficiaries, and since the life expectancy payout is limited to individuals who are EDBs. Prop.

  • Emphasis added.The Applicable Denominator for determining RMDs after the participant’s death would be based on the life expectancy of the oldest countable beneficiary of the trust—who may or may not be an EDB.

  • If the single (“funding”) trust qualifies as an AMBT, the Applicable Denominator is determined separately for each of the subtrusts.

  • The Proposed Regulations’ opening bid for a NoMoTTYY is that, if the participant died on or after his RBD, the Applicable Denominator for the beneficiary is the “greater of” the beneficiary’s life expectancy or the participant’s life expectancy.

  • The payout period is based on the oldest child’s life expectancy even though (being over age 21) she is not an EDB.If the employee died after his required beginning date, the Applicable Denominator would be the longer of the life expectancy of the oldest countable trust beneficiary (oldest designated beneficiary) and the participant’s life expectancy.

  • If these separate accounts are established by December 31 of the year after the year of the participant’s death, they are given effect for purposes of determining the Applicable Denominator for each such account.

  • Under the 2002 regulations the oldest potential beneficiary’s life expectancy would be the Applicable Denominator for distributions to the trust.

  • If the participant died before his RBD, the Applicable Denominator will be the EDB’s remaining life expectancy, with RMDs starting the year after the participant’s death.

  • Either way, annual RMDs tend to get larger over the years as the beneficiary’s life expectancy (formerly called the divisor, now called the Applicable Denominator) gets smaller.

  • If they are established after that date, then (beginning the year after such division/establishment) the required distribution for each such account is determined based on the prior year end value of that separate account (and the distribution must come out of that separate account), but such RMD must be determined using the Applicable Denominator that was finalized (based on the single account with multiple beneficiaries) on December 31 of the year after the year of the participant’s death.


More Definitions of Applicable Denominator

Applicable Denominator means, (A) if a Revaluation has not occurred pursuant to Section 6.2(c) as of such time, all Capital Contributions made (or deemed made) to the Company by the Members as of such time, including the amount of any Conversion Contribution, Dilutive Contribution, or Additional Capital Contribution at issue, and (B) in the event a Revaluation has occurred pursuant to Section 6.2 as of or prior to such time, the sum of (1) the Revaluation Amount (as determined pursuant to Section 6.2(c)), and (2) all Capital Contributions made (or deemed made) after the occurrence of the Revaluation to the Company by the Members as of such time, including the amount of any Conversion Contribution, Dilutive Contribution, or Additional Capital Contribution at issue.
Sample 1

Related to Applicable Denominator

  • Daily Amount means, in respect of a DMA and a Daily Calculation Period, the Daily Gain or Daily Loss for such DMA and Daily Calculation Period.

  • Applicable Discount has the meaning set forth in Section 2.05(a)(v)(C)(2).

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment (without regard to usage) at such time as set forth in the Pricing Schedule.

  • Applicable Principal Amount means the aggregate principal amount of the Senior Notes that are components of Corporate Units.

  • Applicable Dollar Percentage means, with respect to any Dollar Lender, the percentage of the total Dollar Commitments represented by such Dollar Lender’s Dollar Commitment. If the Dollar Commitments have terminated or expired, the Applicable Dollar Percentages shall be determined based upon the Dollar Commitments most recently in effect, giving effect to any assignments.

  • Applicable Pricing Level means, for each Pricing Period the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period: Pricing Level Debt Rating I Greater than or equal to A1 / A+ II Less than A1 / A+ but greater than or equal to A2 / A III Less than A2 / A but greater than or equal to A3 / A- V Less than Baa2/BBB provided that in the event that the then prevailing Debt Ratings are “split ratings”, Borrower will receive the benefit of the higher Debt Rating, unless the split is a “double split rating” (in which case the pricing level applicable to the middle Debt Rating will apply) or a “triple split rating” (in which case the pricing level applicable to the Debt Rating above the Debt Rating applicable to the lowest pricing level will apply). For purposes hereof, a Debt Rating is only a “split rating” if the Debt Rating applies to a different pricing level.

  • Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $25,000,000 minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of the Agreement.

  • Auction Amount has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Applicable Prepayment Percentage means, at any time, 75%; provided that, if at any time the Consolidated First Lien Net Leverage Ratio as of the last day of the fiscal year for which the Applicable Prepayment Percentage is calculated (as set forth in an officer’s certificate delivered pursuant to Section 9.01(e) for such fiscal year) is (i) less than or equal to 2.75:1.00 but greater than 2.25:1.00, the Applicable Prepayment Percentage shall instead be 50%, (ii) less than or equal to 2.25:1.00 but greater than 1.75:1.00, the Applicable Prepayment Percentage shall instead be 25% and (iii) less than or equal to 1.75:1.00, the Applicable Prepayment Percentage shall instead be 0%.

  • Increase Amount is defined in Section 2.3(a).

  • Then-Current Interest Rate means the most recently published Xxxxxxx Mac survey rate for 30-year fixed-rate loans.

  • Applicable Commitment Fee Rate means:

  • VWAP Purchase Amount means, with respect to any particular VWAP Purchase Notice, the portion of the Available Amount to be purchased by the Buyer pursuant to Section 1(c) hereof pursuant to a valid VWAP Purchase Notice which requires the Buyer to buy the VWAP Purchase Share Percentage of the aggregate shares traded on the Principal Market during normal trading hours on the VWAP Purchase Date up to the VWAP Purchase Share Volume Maximum, subject to the VWAP Minimum Price Threshold.

  • Applicable Facility Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.14(C)(i) hereof determined in accordance with the provisions of Section 2.14(D)(ii) hereof.

  • Applicable Multiplier means, with respect to any Rate Period for any Series of RVMTP Shares, the percentage set forth opposite the applicable credit rating most recently assigned to such Series by the Rating Agency in the table below on the Rate Determination Date for such Rate Period: Long-Term Ratings* Fitch Applicable Multiplier AAA to AA- 100% A+ to A- 000% BBB+ to BBB- 140% *And/or the equivalent ratings of any other Rating Agency then rating the RVMTP Shares utilizing the highest of the ratings of the Rating Agencies then rating the RVMTP Shares.

  • Applicable Conversion Price means the Conversion Price in effect at any given time.

  • Applicable Conversion Rate means the Conversion Rate in effect at any given time.

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Adjusted Outstanding Dollar Principal Amount means at any time during a Monthly Period with respect to any Series, Class or Tranche of Notes, the Outstanding Dollar Principal Amount of all Outstanding Notes of such Series, Class or Tranche of Notes at such time, less any funds on deposit in the Principal Funding Account or the related Sub-Account, as applicable, for the benefit of such Series, Class or Tranche of Notes at such time.

  • Issuance Amount means the aggregate Sales Price of the Shares to be sold by the Agent pursuant to any Issuance Notice.

  • Unused Amount means the Maximum Line reduced by (i) outstanding Revolving Advances and (ii) the L/C Amount. The Borrowers agree to pay to the Lender an unused line fee at the rate of one-quarter of one percent (0.25%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

  • Applicable Revolving Percentage means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time.

  • Subsequent Interest Period has the meaning specified in Section 307.

  • Applicable Amount means, at any time (the “Applicable Amount Reference Time”), an amount equal to (a) the sum, without duplication, of:

  • Attributable Principal Amount means (a) in the case of capital leases, the amount of capital lease obligations determined in accordance with GAAP, (b) in the case of Synthetic Leases, an amount determined by capitalization of the remaining lease payments thereunder as if it were a capital lease determined in accordance with GAAP, (c) in the case of Securitization Transactions, the outstanding principal amount of such financing, after taking into account reserve amounts and making appropriate adjustments, determined by the Administrative Agent in its reasonable judgment and (d) in the case of Sale and Leaseback Transactions, the present value (discounted in accordance with GAAP at the debt rate implied in the applicable lease) of the obligations of the lessee for rental payments during the term of such lease).