Incremental Return definition

Incremental Return means return on Group 1's investment in the operations of the Carrxxx Xxxup that were not a part of the Companies on the date of this Agreement (total income after income taxes divided by total investment). " Income" and "investment" used for these purposes will be before any Group 1 management fees, allocations of indirect costs, cost of capital (including interest, loan origination fees, points and any other expenses incurred in obtaining or maintaining a loan) or amortization of goodwill. "Total investment" in these operations will include any loan proceeds, cash or stock invested by Group 1 to acquire the operations added to the Carrxxx Xxxup after the date of this Agreement (including all investments made by Group 1 as a condition to manufacturer approval of such acquisitions).

Incremental Return means for any period the quotient of (a) the Incremental Target Amount for such Measurement Period, divided by (b) $1,000,000; provided, that such amount shall be rounded down to the nearest whole number.

Incremental Return means, in respect of any Coal Year during the Period, the positive amount by which the aggregate of (a) Elkview Distributable Cash for such year and (b) the Synergies achieved during such year, exceeds the aggregate of (x) Elkview Distributable Cash for the year ended December 31, 2002, (y) the sum of $25 million and

Examples of Incremental Return in a sentence

• The Incremental Return and Associated Income Taxes for Post-2003 PTF Investment for each PTO shall be calculated using the investment base components specifically identified in Section A.

• In order to calculate the Incremental Return and Associated Income Taxes for MPRP CWIP, MPRP CWIP shall be separately identified.

• To calculate the Incremental Return and Associated Income Taxes for Post-2003 PTF Investment and for MPRP CWIP and NEEWS CWIP, Transmission Investment Base will only include Sections II.A. 1 .(a), (d), (e), (k), and (1) in the manner indicated.

• The Incremental Return on Equity Factor is the incremental Prior Year TRR expressed per 100 basis points of ROE incentive, for each million dollars of Incentive Net Plant.

• In order to calculate the Incremental Return and Associated Income Taxes for Post-2003 PTF Investment, Transmission Depreciation Reserve associated with Post-2003 PTF Investment shall equal the PTO’s balance of Total Transmission Depreciation Reserve multiplied by the ratio of Post-2003 PTF Transmission Plant to Total Investment in Transmission Plant, excluding capital leases in the Phase I/II HVDC-TF Leases.

• In order to calculate the Incremental Return and Associated Income Taxes for NEEWS CWIP, NEEWS CWIP shall be separately identified.

• In order to calculate the Incremental Return and Associated Income Taxes for Post- 2003 PTF Investment, Post2003 PTF Transmission Plant shall be separately identified.

• The Incremental Return and Associated Income Taxes for Post-2003 Dispatch Center Investment shall reflect a surcharge of a 100 basis point ROE adder applicable to certain investment base components as specified in the formula below.

• The data used in determining the Incremental Return and Associated Income Taxes for Post-2003 Dispatch Center Investment shall be based on actual data in lieu of allocated data if specifically identified in NSTAR Electric’s (East) accounting records.

• The PTF Revenue Requirement for the scheduling, system control and dispatch service that is based on data for the calendar year 2004 or later shall include an allocated PTF-related amount of Incremental Return and Associated Income Taxes on SCADA-related transmission plant investments included in the Regional System Plan and placed in-service on or after January 1, 2004 (such investments referred to herein as “Post-2003 Dispatch Center Investment”).

More Definitions of Incremental Return

Incremental Return means, in respect of any coal year during the Period, the positive amount by which the aggregate of (a) Elkview Distributable Cash for such year and (b) the Synergies achieved during such year, exceeds the aggregate of (x) Elkview Distributable Cash for the year ended December 31, 2002, (y) the sum of $25 million and (z) the cumulative amount of the Incremental Return for each of the preceding coal years during the Period. • At the end of each coal year during the Period, Teck’s Distribution Entitlement (as defined below) will be permanently increased by 0.1% in respect of each $1 million of Incremental Return in such coal year. Any such increase will be made, effective as at the end of such coal year, by an increase in Teck’s Distribution Entitlement and in corresponding decrease in the Distribution Entitlement of Fording Holdco. • Any dispute with respect to the determination of Incremental Returns will be resolved through a dispute resolution mechanism to be established in the definitive agreement. Distribution Policy: • The Partnership will distribute to its Partners in proportion to their respective Distribution Entitlements distributable cash on a monthly basis. Distributable cash will be defined as all the Partnership's available cash after reservation for:

Incremental Return means, in respect of any coal year during the Period, the positive amount by which the aggregate of (a) Elkview Distributable Cash for such year and (b) the Synergies achieved during such year, exceeds the aggregate of (x) Elkview Distributable Cash for the year ended December 31, 2002, (y) the sum of $25 million and (z) the cumulative amount of the Incremental Return for each of the preceding coal years during the Period. o At the end of each coal year during the Period, Teck's Distribution Entitlement (as defined below) will be permanently increased by 0.1% in respect of each $1 million of Incremental Return in such coal year. Any such increase will be made, effective as at the end of such coal year, by an increase in Teck's Distribution Entitlement and in corresponding decrease in the Distribution Entitlement of Fording Holdco. o Any dispute with respect to the determination of Incremental Returns will be resolved through a dispute resolution mechanism to be established in the definitive agreement.