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
The amount of the excess of (A) over (B) described in this paragraph for such Trailing Twelve Quarters is referred to as the “Excess Income Amount.” The income based incentive fee for each quarter will be determined as follows: • No income based incentive fee is payable to the Adviser for any calendar quarter for which there is no Excess Income Amount.
More Definitions of Excess Income
Excess Income means the amount by which a pension holder’s income for a year of assessment exceeds £150,000;
Excess Income means an amount equal to the net income of the REIT for a taxation year, determined in accordance with the provisions of the Tax Act other than Paragraph 82(l)(b) and Subsection 104(6) thereof, including net realized capital gains (other than (a) income and taxable capital gains of the REIT arising on or in connection with an in specie redemption of Units which are paid or payable by the REIT to redeeming Unitholders,
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 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 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
Excess Income shall have the meaning ascribed to it in Section 10.1(a).