Gross-up has the meaning ascribed thereto in Section 9.5;
Gross-up. Section 2(d)(i)(4) shall not apply to Counterparty as X, and Section 2(d)(ii) shall not apply to Counterparty as Y, such that Counterparty shall not be required to pay any additional amounts referred to therein.
Gross-up shall have the meaning set forth in Section 4.2(a) hereof.
More Definitions of Gross-up
Gross-up. ’ treatment means that a position is combined with all more senior positions in the transaction. The result is then risk-weighted based on the obligor or, if relevant, the guarantor or the nature of the collateral. For example, if a banking organization retains a first-loss position (other than a residual interest) in a pool of mortgage loans that qualify for a 50% risk weight, the banking organization would include the full amount of the assets in the pool, risk-weighted at 50%, in its risk- weighted assets for purposes of determining its risk- based capital ratio. The low-level exposure rule provides that the dollar amount of risk-based capital required for assets transferred with recourse should not exceed the maximum dollar amount for which a banking organization is contractually liable. See 12 CFR part 3, appendix A, Section 3(d) (OCC); 12 CFR 208 and 225, appendix A, III.D.1(g) (FRB); 12 CFR part 325, appendix A, II.D.1 (FDIC); 12 CFR 567.6(a)(2)(i)(C) (OTS).
Gross-up. ’ treatment means that a position is combined with all more senior positions in the transaction. The result is then risk-weighted based on the nature of the underlying assets. For example, if a banking organization retains a first-loss position in a pool of mortgage loans that qualify for a 50% risk weight, the banking organization would include the full amount of the assets in the pool, risk-weighted at 50% in its risk-weighted assets for purposes of determining its risk-based capital ratio.
Gross-up means the amount payable to the Administrative Agent or any Bank to account for required deductions for withholding taxes as provided in Section 10.4.
Gross-up. Provision If any payment or distribution by the Company, to or for the benefit of Executive under this Agreement results in Executive's liability for an excise tax ("parachute tax") under section 4999 of the Internal Revenue Code of 1986, as amended (the "Code"), the Company will pay to Executive, after deducting any Federal, state or local income tax imposed on the payment, an amount sufficient to fully satisfy the "parachute tax" liability, including any interest or penalties with respect to such "parachute tax." Such payment shall be made to Executive no later than 30 days prior to the due date of the "parachute tax."
Gross-up means the portion of any payment due from a Tax Indemnifying Party to a Tax Indemnitee pursuant to Sections 3.1 and 3.2 hereof that is calculated to indemnify such Tax Indemnitee, or the portion of any reverse payment from such Tax Indemnitee to such Tax Indemnifying Party, on an After-Tax Basis. As such, the amount payable to a Tax Indemnitee pursuant to Sections 3.1 and 3.2 hereof shall be an amount determined after (i) giving effect to any interest, penalties, or additions to tax attributable to the Tax or Inclusion Event (except for any penalties and additions to Tax excluded under Section 3.3(g) hereof); and (ii) taking into account any tax detriments and benefits reasonably expected to be realized by the Tax Indemnitee by reason of the corrections or adjustments giving rise to such Tax or Inclusion Event as applicable, (the net effect of items (i) and (ii), the “Gross-Up”).
Gross-up shall have the meaning set forth under Q&A 1 of the Interim Final Rule. • The term “Company” includes any entities treated as a single employer with the Company under Q&A 1 of the Interim Final Rule. • This letter is intended to, and shall be interpreted, administered and construed to comply with Section 111 of the Emergency Economic Stabilization Act of 2008 (the “EESA”), as amended by the American Recovery and Reinvestment Act of 2009 and the regulations and guidance promulgated thereunder (and, to the maximum extent consistent with the preceding, to permit operation of the Benefit Plans in accordance with their terms before giving effect to this letter).
Gross-up. Provision: For tax purposes, Aircell will “gross up” expenses covered by the company that are not excludable from taxable income, or have no offsetting tax deduction. Through this provision, the Company will provide cash to offset the estimated increase in tax liability associated with these expenses. Exhibit B Existing Proprietary Rights