Grossed Up Amount means: (1 - C)
Grossed Up Amount means, with respect to any Distribution pursuant to Section 4.1(b), the sum of (i) the amount of the Distribution pursuant to Section 4.1(b), and (ii) the sum of the Participation Thresholds of all Participating Class B Common Units.
Grossed Up Amount means (B) divided by (1-C), B and C having meanings as defined above.
Examples of Grossed Up Amount in a sentence
During these visits, the investigator could collect questionnaires from only 1230 out of 1600 social scientists among whom the questionnaires were distributed.
In the event of a Forced Exchange that causes the recognition of taxable income or gain (whether or not Built-in Gain or Non-Recourse Built-in Gain) under the Code by any Contributor (including, without limitation, any taxable income or gain resulting from the Exchange of all or any portion of their Limited Partner Interests pursuant to Section 8.5 of the Partnership Agreement), then KWLP or KIMCO shall pay to each Contributor the Grossed Up Amount with respect to such taxable income or gain..
The payment of the Grossed Up Amount for each occurrence of a Recognition Event shall be made within thirty (30) days.
More Definitions of Grossed Up Amount
Grossed Up Amount has the meaning set forth in Section 4.1(a).
Grossed Up Amount means, with respect to any Distribution pursuant to this Section 4.1(a)(iii), the sum of (a) the amount of the Distribution pursuant to this Section 4.1(a)(iii) and (b) the sum of the Participation Thresholds of all Participating Class B Common Units. Notwithstanding the foregoing, the portion of any Distribution that would otherwise be made with respect to any Unvested Common Unit shall not be distributed with respect to such Unvested Common Unit (provided that Tax Distributions shall be made with respect to Unvested Common Units pursuant to Section 4.1(b)), but shall instead be retained by the Company and a “Reserve Amount” shall be created on the books and records of the Company with respect to such Unvested Common Unit (or the Reserve Amount with respect to such Unvested Common Unit shall be increased, if a Reserve Amount already exists with respect to such Unvested Common Unit) in an amount equal to the amount so retained by the Company in respect of such Unvested Common Unit. The Reserve Amount created (or increased) for each Unvested Common Unit shall be treated as Distributed for purposes of this Section 4.1(a) and shall be treated as an amount the holder of such Unvested Common Unit is entitled to receive for purposes of Section 4.2. If such Unvested Common Unit subsequently becomes a Vested Common Unit, the Reserve Amount attributable to such Unvested Common Unit shall be distributed (in connection with the first Distribution that is not a Tax Distribution that occurs after such vesting) without interest to the holder of such Common Unit, and if such Unvested Common Unit is repurchased or forfeited, the Reserve Amount attributable to such Unvested Common Unit shall be cancelled and no longer treated as an amount the holder of such Unvested Common Unit is entitled to receive for purposes of Section 4.2.
Grossed Up Amount shall have the meaning set forth in the definition of After-Tax Basis herein.
Grossed Up Amount means an amount equal to the full amount of Payments provided for by this Section 9.2.1, increased by the lesser of (i) such additional amount as is necessary such that, after taking into account Applicable Taxes, the Executive will receive such full amount of Payments (less federal, state and local income taxes on the Payments) and (ii) $1,500,000.
Grossed Up Amount means the sum of (i) Taxes attributable to Excess Income and (ii) the aggregate Taxes payable by Holdings as a result of the receipt of payments under this Section 2(e). “Excess Income” means the excess of payments due under this Agreement (without regard to this Section 2(e)) over applicable deductions, if any, for all payments made by Holdings to persons in connection with the services contemplated hereunder. “Taxes” means all taxes, levies, imposts, duties, deductions, charges or withholdings imposed by any governmental authority, including net income or franchise taxes based on net income and any alternative or add-on minimum taxes. For purposes of this Section 2(e), Holdings shall be deemed to pay Taxes at the highest marginal income tax rate in effect at the time of any calculation.
Grossed Up Amount means, with respect to any distribution pursuant to Section 4.4(a)(vi)(A), the sum of (a) the amount of Distributable Assets available to be distributed pursuant to Section 4.4(a)(vi)(A) and (b) the aggregate amount of the Participation Thresholds of all Participating Class F Units.
Grossed Up Amount with respect to a Contributor shall mean a payment under Section 3 hereof which will provide a Contributor with an amount equal to Contributor's Taxes after taking into account all federal, state and local income taxes (calculated in a manner consistent with the manner in which Contributor's Taxes are calculated) for such year on amounts paid under Section 3 hereof.