Interest Deductions definition

Interest Deductions shall have the meaning specified in Section 1.1 of the Tax Indemnity Agreement.
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Interest Deductions shall have the meaning specified in Section 1(c) of the Tax Indemnity Agreement.
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Interest Deductions the meaning specified in Section 2(c).
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Examples of Interest Deductions in a sentence

  • The MACRS Deductions, State Depreciation Deductions and Interest Deductions are hereinafter collectively referred to as the "Tax Benefits".

  • Limitations on Interest Deductions Your share of our interest expense is likely to be treated as “investment interest” expense.

  • Interest Deductions with respect to any Default Loan shall be allocated to the Noncontributing Partner with respect to such Default Loan.

  • If, as is likely, the New PIK Senior Notes constitute "applicable high yield discount obligations" (See "Federal Income Tax Consequences to Reorganized Salant: Limitation on Interest Deductions"), holders of New PIK Senior Notes that are corporations may be entitled to a dividends-received deduction for the portion of the OID on such notes for which Reorganized Salant is denied an interest deduction.

  • Commencing with the taxable year ending on December 31, 1989, through the taxable year ending December 31, 1998, Grace claimed on the federal consolidated income tax returns for each of those years deductions of the interest accruing on the Policy Loans (the "COLI Interest Deductions"), which totaled approximately $252.4 million for all of the taxable years at issue.

  • Grace is currently at the IRS Appeals level with respect to the 1993 - 1996 taxable years and a refund claim related to the COLI Interest Deductions for taxable years 1990 - 1992.

  • Limitations on Interest Deductions ---------------------------------- In general, Section 163(d) limits the amount of investment interest which an individual Investor may deduct to the Investor's "net investment income." Interest expense (and income) from activities subject to the passive loss rules is not treated as investment interest (or investment income).

  • First, the 80/20 Settlement Proposal will most likely minimize the amount of any additional federal income tax and interest owed as a result of the challenge by the IRS to the COLI Interest Deductions.

  • The Debtors continue to believe in the merits of their case regarding the COLI Interest Deductions tax controversy.

  • Effect of Issue Price on Debtor's Interest Deductions..........................


More Definitions of Interest Deductions

Interest Deductions the meaning specified in Section 2(c). "Lessor Group Member" the meaning specified in Section 6(a). A method pursuant to which the Facility Lessee shall pay to the Owner Participant a lump sum (computed as provided in Section 5.4 hereof) equal to the present value (discounted at a rate to preserve the Owner Participant's Expected Return) of all additional federal income taxes currently payable and anticipated to be payable in future years by the Owner Participant as a result of such Indemnified Tax Loss, less (but not below zero) the present value (discounted at a rate to preserve the Owner Participant's Expected Return) of all anticipated future tax savings that the Owner Participant would not realize but for such Indemnified Tax Loss or other event giving rise thereto (for purposes of this calculation, additional federal income taxes anticipated to be payable or reduced will be computed in accordance with Section 5.4 and on the basis that then-existing laws will prevail in such subsequent years). "Lump Sum Method" "MACRS" the Modified Accelerated Cost Recovery Sys­ tem described in Section 168(b) and 168(c) of the Code. "Owner Participant" PSEG Keystone Generation, LLC, a Delaware limited liability company, its successors and permitted assigns. As defined herein, the term "Owner Participant" shall include any affiliated group of corporations (and any member thereof) of which the Owner Participant is or shall become a member, if consolidated, uni­ tary or combined returns are or shall be filed Keystone Tax Indemnity Agreement 4 226743.01-Chicago S2A for such affiliated group for U.S. federal, state or local income tax purposes. "Permitted Act" the execution or delivery of the Operative Doc­ uments, any act or failure to act taken at the express written request of the Owner Partici­ pant or the Owner Lessor acting at the direction of the Owner Participant (other than during the continuance of a Lease Event of Default), any act or failure to act expressly required by the Operative Documents, and any act or failure to act expressly permitted by the Operative Docu­ ments other than: (i) the making of improvements or modifications to the Facility; (ii) any substitution or replacement of the Facility; (iii) the assignment, transfer, relinquishment of possession or subleasing of the Lessee's interest in the Facility Interest or the Lease; (iv) the removal of the Lessor Manager at there­ quest of the Lessee; (v) any voluntary or involuntary case or proceed­ ing s...
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Interest Deductions shall have the meaning assigned in the Tax Indemnification Agreement.
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Interest Deductions. (1.1(e)); "Lessee's Adjusted Basis" (1.1(d)(ii)); "Lessee's Tax Counsel" (8(b)); "Lessee's Unadjusted Basis" (1.1(d)(ii)); "Lessor's Basis" (1.1(c)); "Owner Participant's Tax Counsel" (3.2(a)); "Owner Trust" (1.1(a)); "Preliminary Rent Adjustment" (3.1(b)); "Public Utility Property Determination" (3.1(a)); "Special 5-Year Property" (1.1(c)(i)); "Tax Loss" (3.2(b)); "Trigger Event" (3.1(b)). END OF APPENDIX A DEFINITIONS APPENDIX B Table of Contents Defined Term Page
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Interest Deductions means the interest deductions allowed with respect to funds borrowed specifically to finance the Equipment:
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Related to Interest Deductions

  • Interest Differential is defined in Section 3.4.

  • Interest Distribution Amount With respect to any Distribution Date and any Class A Certificates, any Mezzanine Certificates and any Class CE Certificates, the aggregate Accrued Certificate Interest on the Certificates of such Class for such Distribution Date.

  • Unpaid Interest Amount As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • Interest Date means, with respect to any given calendar month, the first Trading Day of such calendar month.

  • Accrued Interest Amount For any Distribution Date and for any Undercollateralized Group, an amount equal to one month’s interest on the applicable Principal Deficiency Amount at the Net WAC of the applicable Loan Group, plus any interest accrued on such Undercollateralized Group remaining unpaid from prior Distribution Dates.

  • Interest Amount means, in relation to a Note and an Interest Period, the amount of interest payable in respect of that Note for that Interest Period;

  • Interest Distributable Amount With respect to any Distribution Date and each Class of Certificates, the sum of (i) the Monthly Interest Distributable Amount for that Class and (ii) the Unpaid Interest Shortfall Amount for that Class.

  • Maximum Uncertificated Accrued Interest Deferral Amount With respect to any Distribution Date, the excess of (i) accrued interest at the Uncertificated REMIC II Pass-Through Rate applicable to REMIC II Regular Interest ZZ for such Distribution Date on a balance equal to the Uncertificated Principal Balance of REMIC II Regular Interest ZZ minus the REMIC II Overcollateralization Amount, in each case for such Distribution Date, over (ii) the aggregate amount of Uncertificated Accrued Interest for such Distribution Date on the REMIC II Regular Interests (other than REMIC II Regular Interests AA, ZZ and IO), with the rate on each such REMIC II Regular Interest (other than REMIC II Regular Interests B-1, B-2, B-3 and B-4) subject to a cap equal to the least of (x) the One-Month LIBOR Pass Through Rate for the Corresponding Certificate, (y) 11.00% per annum and (z) the Net WAC Cap Rate for the REMIC III Regular Interest the ownership of which is represented by the Corresponding Certificate for the purpose of this calculation for such Distribution Date, and with the rate on each of the REMIC II Regular Interests B-1, B-2, B-3 and B-4 subject to a cap equal to the lesser of (i) the per annum fixed rate specified in the definition of “Pass-Through Rate” for the Corresponding Certificate, and (ii) the related Net WAC Cap Rate for the REMIC III Regular Interest the ownership of which is represented by the Corresponding Certificate for the purpose of this calculation for such Distribution Date; provided, however, that solely for this purpose, the related cap with respect to each REMIC II Regular Interest (other than REMIC II Regular Interests AA, ZZ, B-1, B-2, B-3, B-4 and IO) shall be multiplied by a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related Accrual Period. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.

  • Class Unpaid Interest Amounts As to any Distribution Date and Class of interest bearing Certificates, the amount by which the aggregate Class Interest Shortfalls for such Class on prior Distribution Dates exceeds the amount distributed on such Class on prior Distribution Dates pursuant to clause (ii) of the definition of Class Optimal Interest Distribution Amount.

  • Advance Interest Amount means interest payable on Advances, as specified in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

  • PIK Interest Amount means, in respect of any Interest Payment Date, the amount of interest accrued during an Interest Period calculated based on the PIK Interest Rate applicable during such Interest Period.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Unpaid income tax means income tax due but not paid by the date the income tax is required to be paid under applicable law.

  • Annualized Interest Expense means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share of interest expense, with other adjustments as are necessary to exclude the effect of items classified as extraordinary items, in accordance with generally accepted accounting principles, reduced by amortization of debt issuance costs and adjusted to reflect the assumption that (i) any interest expense related to indebtedness incurred since the first day of such four-quarter period is computed as if such indebtedness had been incurred as of the beginning of such period, and (ii) any interest expense related to indebtedness that was repaid or retired since the first day of such four-quarter period is computed as if such indebtedness had been repaid or retired as of the beginning of such period (except that, in making such computation, the amount of interest expense related to indebtedness under any revolving credit facility shall be computed based upon the average daily balance of such indebtedness during such four-quarter period).

  • Interest Rate Adjustment Date With respect to each Adjustable Rate Mortgage Loan, the date, specified in the related Mortgage Note and the related Mortgage Loan Schedule, on which the Mortgage Interest Rate is adjusted.

  • Daily Interest Amount means an amount calculated by multiplying the Daily Loan Balance of a Loan by the associated Daily Interest Rate on that Loan.

  • Class Interest Distribution Amount As to each RCR Class and each Distribution Date, an amount equal to interest accrued during the related Interest Accrual Period (computed on the basis of a 360-day year consisting of twelve 30-day months) at the applicable Interest Rate on the Class Balance thereof immediately prior to such Distribution Date.

  • Accrual Distribution Amount As to any Distribution Date prior to the applicable Accretion Termination Date and any Class of Accrual Certificates, an amount equal to the sum of (i) the Class A Interest Percentage of such Class of Accrual Certificates of the Current Class A Interest Distribution Amount and (ii) the Class A Interest Shortfall Percentage of such Class of Accrual Certificates of the amount distributed in respect of the Classes of Class A Certificates pursuant to Paragraph second of Section 4.01(a)(i) on such Distribution Date. As to any Distribution Date on or after the applicable Accretion Termination Date, zero.

  • Reset Interest Determination Date means, in respect of any Reset Period, the day falling two Business Days prior to the beginning of the relevant Reset Period;