Excess Income on any Distribution Date shall mean an amount equal to the excess, if any, of (a) interest and other income (net of investment expenses) on such Distribution Date with respect to the funds on deposit in the Series Principal Funding Account during the related Interest Period over (b) the amount on deposit in the Series Principal Funding Account in respect of Certificate Principal during such Interest Period multiplied by a fraction, the numerator of which is the Certificate Rate or the Class Weighted Average Certificate Rate, as applicable, for the Class for whose benefit the amounts on deposit in the Series Principal Funding Account are held during such Interest Period and the denominator of which is (x) if the relevant Certificate Rate is to be calculated on the basis of the actual number of days elapsed and a 360-day year, 360 divided by the actual number of days from and including the immediately preceding Distribution Date to but excluding the current Distribution Date or (y) if the relevant Certificate Rate is to be calculated on the basis of a 360-day year of twelve 30-day months, twelve.
Excess Income means the amount by which a member’s “income” for a year of assessment exceeds £150,000. “Income” means the member’s total income for a year of assessment before the deduction of any of the following:
Excess Income means the positive difference, if any, between (a) the Aggregate Income and (b) that portion of the Aggregate Income on which the Base Performance Fee is owed in accordance with Section 3 below (for the avoidance of doubt, also taking into account the Base Performance Fee).
Examples of Excess Income in a sentence
In general, Withdrawals made from the Annuity during an Annuity Year to meet the Required Minimum Distribution provisions of the Internal Revenue Code will not be treated as Excess Income.
Each Withdrawal of Excess Income also reduces the Protected Withdrawal Value by the same proportion.
All or any portion of a Lifetime Withdrawal that exceeds the Annual Income Amount for that Annuity Year is considered "Excess Income".
Each Withdrawal of Excess Income that occurs once you have withdrawn that Annuity Year's Annual Income Amount reduces the Annual Income Amount proportionally.
Each Withdrawal of Excess Income is subject to any applicable Contingent Deferred Sales Charge.
More Definitions of Excess Income
Excess Income on any Distribution Date shall mean an amount equal to the excess, if any, of (a) interest and other income (net of investment expenses) on such Distribution Date with respect to the funds on deposit in the Series Principal Funding Account during the related Interest Period over (b) the amount on deposit in the Series Principal Funding Account in respect of Certificate Principal during such Interest Period multiplied by a fraction, the numerator of which is the Certificate Rate or the Class Weighted Average Certificate Rate, as applicable, for the Class for whose benefit the amounts on deposit in the Series Principal Funding Account are held during such Interest Period and the denominator of which is (x) if the relevant Certificate Rate is to be calculated on the basis of the actual number of days elapsed and a 360-day year, 360 divided by the actual number of days from and including the immediately preceding Distribution
Excess Income means the amount by which a pension holder’s income for a year of assessment exceeds £150,000;
Excess Income on any Distribution Date shall mean an amount equal to the excess, if any, of (a) interest and other income (net of investment expenses) on such Distribution Date with respect to the funds on deposit in the Series Principal Funding Account during the related Interest Period over (b) the amount on deposit in the Series Principal Funding Account in respect of Certificate Principal during such Interest Period multiplied by a fraction, the numerator of which is
Excess Income means the amount by which the gross income exceeds the Title XIX medical assistance level for Region A as established annually by the Department of Social Services (DSS).
Excess Income shall have the meaning ascribed to it in Section 10.1(a).
Excess Income means all cash Income otherwise actually available for distribution to owners and investors by the Tenant exceeding Tenant’s actual costs to lease, occupy, repair, rehabilitate, restore, manage and maintain the Premises including without limitation contributions to reserves, debt service and other debt and equity financing costs and a “reasonable profit” as defined and calculated in the final Approved Application. By way of more specific example of Excess Income and the “reasonable profit” approved pursuant to the final Approved Application, see Schedule 1 attached hereto. [NOTE: TO BE MADE CONSISTENT WITH FINAL APPLICATION] "FAA" shall mean the Federal Aviation Administration, or any agency, City, board, or other governmental authority that hereafter succeeds to the jurisdiction of the FAA with respect to regulating heights of buildings or structures in the vicinity of an airport.