Ordinary Income definition

Ordinary Income. (or “Ordinary Loss”) means the income (or loss) of the Partnership including capital gains (or capital losses) and taxable dividends received by the Partnership.

Ordinary Income means total income less certain special income included in “Other income” in the accompanying semi-annual consolidated statement of income.

Ordinary Income means interest income, dividend income and any other income (including any accrued income that we have not yet received in cash and any other fees such as commitment, origination, structuring, diligence and consulting fees or other fees that we receive from portfolio companies) accrued during the calendar quarter minus our operating expenses accrued during the calendar quarter (including the Management Fee, administrative expenses and any interest expense and dividends paid on issued and outstanding preferred stock, but excluding the Incentive Fee).

Examples of Ordinary Income in a sentence

• Awards granted pursuant to this Section 9 are intended to be granted pursuant to Section 102 of the Ordinance pursuant to either (i) Section 102(b)(2) or (3) thereof (as applicable), under the capital gain track (“102 Capital Gain Track Awards”), or (ii) Section 102(b)(1) thereof under the ordinary income track (“102 Ordinary Income Track Awards”, and together with 102 Capital Gain Track Awards, “102 Trustee Awards”).

• To the extent that Capitalcorp has positive Ordinary Income net of expenses (“Net Ordinary Income”) Capitalcorp will be required to pay corporate income tax as a whole.

• Deferred income tax assets and liabilities are measured based on the enacted or substantively enacted tax rates which are expected to be in effect when the underlying items of Net Ordinary Income are expected to be realized.Temporary differences between the carrying value of assets and liabilities for accounting and tax purposes give rise to deferred income tax assets and liabilities.

• See Ordinary Income Property and Capital Gain Property, both earlier, for more information.Example.

• Awards granted pursuant to this Section 9 are intended to be granted pursuant to Section 102 of the Ordinance pursuant to either (i) Section 102(b)(2) thereof, under the capital gain track (“102 Capital Gain Track Awards”), or (ii) Section 102(b)(1) thereof under the ordinary income track (“102 Ordinary Income Track Awards”, and together with 102 Capital Gain Track Awards, “102 Trustee Awards”).

More Definitions of Ordinary Income

Ordinary Income. (or “Ordinary Loss”) means the income (or loss) of the Partnership not derived from capital gains (or capital losses) nor from the receipt by the Partnership of taxable dividends.

Ordinary Income means operating income according to quarterly/annual reports.

Ordinary Income means the net return on the Portfolio being:

Ordinary Income means income that is not maintenance income or an exempt lump sum.

Ordinary Income means revenue the parish receives for general parish operations. Ordinary income is defined as total operating revenue. This would include:

Ordinary Income means consolidated interest income, dividend income and any other income (including any other fees, such as commitment, origination, structuring, diligence and consulting fees but excluding fees for providing significant managerial assistance) accrued by the Fund during the calendar quarter, minus the Fund’s operating expenses for the quarter (including the Management Fee, any expenses whether incurred directly by the Fund or incurred by the Adviser on behalf of the Fund, including expenses under any Placement Agent Agreement (as defined below) and any administration agreement with an administrator, and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the Incentive Fee (both on income and capital gains). Ordinary Income includes, in the case of investments with a deferred interest feature (such as market discount, debt instruments with payment-in-kind interest, preferred stock with payment-in-kind dividends and zero coupon securities), consolidated accrued income that the Fund has not yet received in cash. Ordinary Income does not include any realized capital gains, realized capital losses or unrealized capital depreciation. Ordinary Income, expressed as a rate of return on the value of the Fund’s net assets at the end of the immediately preceding calendar quarter, will be compared to a “hurdle rate” of 1.75% per quarter (7% annualized). The Fund will pay the Adviser an Incentive Fee with respect to the Fund’s Ordinary Income in each calendar quarter as follows:

Ordinary Income means income that is brought into account, before any deductions, for the purposes of calculating the income or profits on which a relevant tax is charged (“taxable profits”).