Applicable Denominator definition

Applicable Denominator means, with respect to the applicable Performance Year, the sum obtained by adding (i) eight and (ii) the product obtained by multiplying (A) four Page 3 of 5 SunCoke Energy, Inc. Senior Executive Incentive Plan 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) 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

Examples of Applicable Denominator in a sentence

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

  • 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 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Similarly, if the first-tier beneficiary is a minor child of the participant (an EDB), who will receive outright distribution of his/her share at age 31 or earlier, an older individual who will receive that share if the EDB dies before attaining that age will be disregarded for purposes of determining the Applicable Denominator (which for a minor child-EDB’s trust is normally the life expectancy of the oldest countable beneficiary).This age-31-disregard rule has two significant planning effects.

  • NOTE, this is the oldest countable designated beneficiary, who may or may not be a minor child-EDB....the oldest countable beneficiary may be a mere “PODB.” But that’s whose life expectancy will be the Applicable Denominator for determining RMDs to this trust.An example would be, a spray trust for the benefit of the deceased participant’s children, three of whom are still minors and one of whom is age 22.


More Definitions of Applicable Denominator

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

Related to Applicable Denominator

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

  • Applicable Value means, as of any date, with respect to each Share, the fair value of such Share, as determined in good faith by the Board of Directors.

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment 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 Unscheduled Principal Receipt Period With respect to the Mortgage Loans serviced by each Servicer and each of Full Unscheduled Principal Receipts and Partial Unscheduled Principal Receipts, the Unscheduled Principal Receipt Period specified on Schedule I hereto, as amended from time to time by the Master Servicer pursuant to Section 10.01(b) hereof.

  • 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, (a) for the Initial Pricing Period, Pricing Level II, and (b) thereafter, the pricing level set forth below opposite the Debt Rating achieved by Borrower as of the first day of that Pricing Period: I Greater than or equal to Aa3 / AA- II Less than Aa3 / AA- but greater than or equal to A1/A+ III Less than A1/A+ but greater than or equal to A2/A IV Less than A2/A but greater than or equal to A3/A- V Less than A3/A- 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) $50,000,000, minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of this Agreement.

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

  • Applicable Prepayment Percentage means, at any time, for purposes of Section 4.02(e) and the definition of “Retained Excess Cash Flow Amount,” 50%; provided that, so long as no Default or Event of Default is then in existence, if the Total Leverage Ratio is less than 3.50:1.00 as at the last day of the most recently ended Fiscal Year of the U.S. Borrower (as set forth in an officer’s certificate delivered pursuant to Section 8.01(d) for the Fiscal Year of the U.S. Borrower then last ended), 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 Advance Rate For each Collateral Obligation and for the applicable number of Business Days between the certification date for a sale or participation required by Section 9.4 and the expected date of such sale or participation, the percentage specified below: Senior Secured Loans with a Market Value of: 90% or more of par 100 % 93 % 92 % 88 % Below 90% of par 100 % 80 % 73 % 60 % Other Collateral Obligations with a Xxxxx’x Rating of at least “B3” and a Market Value of 90% or more of par 100 % 89 % 85 % 75 % All other Collateral Obligations 100 % 75 % 65 % 45 %

  • Applicable Commitment Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • 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.

  • Maximum Yield Supplement Amount means with respect to any Collection Period and the related Deposit Date, after giving effect to the Yield Supplement Amount, the maximum amount required to be on deposit in the Yield Supplement Account on the immediately succeeding Payment Date, which is equal to the present value (using an interest rate of: 0.25%) of the sum of all Yield Supplement Amounts for all future Payment Dates, assuming that future Scheduled Payments on the Discount Receivables are made on the date on which they are scheduled as being due.

  • 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.

  • Reference Interest Rate Replacement Date means the earliest to occur of the following events with respect to the then-current Reference Interest Rate

  • Conversion Percentage means, (A) the number of Class B Ordinary Shares being converted, divided by (B) the total number of Class B Ordinary Shares issued and outstanding (i.e. up to 1,000).

  • Pro Rata Repurchase means any purchase of shares of Common Stock by the Corporation or any subsidiary thereof, whether for cash, shares of capital stock of the Corporation, other securities of the Corporation, evidences of indebtedness of the Corporation or any other person or any other property (including shares of a subsidiary of the Corporation), or any combination thereof, effected while any of the shares of ESOP Preferred Stock are outstanding, pursuant to any tender offer or exchange offer subject to Section 13(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or any successor provision of law, or pursuant to any other offer available to substantially all holders of Common Stock; provided, however, that no purchase of shares by the Corporation or any subsidiary thereof made in open market transactions shall be deemed a Pro Rata Repurchase. For purposes of this paragraph I(7), shares shall be deemed to have been purchased by the Corporation or any subsidiary thereof “in open market transactions” if they have been purchased substantially in accordance with the requirements of Rule 10b-18 as in effect under the Exchange Act, on the date shares of ESOP Preferred Stock are initially issued by the Corporation or on such other terms and conditions as the Board of Directors of the Corporation or a committee thereof shall have determined are reasonably designed to prevent such purchases from having a material effect on the trading market for the Common Stock.

  • 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.

  • Pro Rata Repurchases means any purchase of shares of Common Stock by the Company or any Affiliate thereof pursuant to (A) any tender offer or exchange offer subject to Section 13(e) or 14(e) of the Exchange Act or Regulation 14E promulgated thereunder or (B) any other offer available to substantially all holders of Common Stock, in the case of both (A) or (B), whether for cash, shares of Capital Stock of the Company, other securities of the Company, evidences of indebtedness of the Company or any other Person or any other property (including, without limitation, shares of Capital Stock, other securities or evidences of indebtedness of a subsidiary), or any combination thereof, effected while this Warrant is outstanding. The “Effective Date” of a Pro Rata Repurchase shall mean the date of acceptance of shares for purchase or exchange by the Company under any tender or exchange offer which is a Pro Rata Repurchase or the date of purchase with respect to any Pro Rata Repurchase that is not a tender or exchange offer.

  • 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.