Surplus Earnings definition

Surplus Earnings for purposes of this Section 2.02 shall be deemed to mean net earnings, as defined in paragraph 12 of Article I of the Indenture, less all applicable interest charges and less all taxes on income not deducted in computing said net earnings.

Surplus Earnings means for each Surplus Earnings Period, the lesser of

Surplus Earnings means the surplus income of the Cooperative as determined by the Cooperative’s external accounting advisors or auditors using Generally Accepted Accounting Principles.

Examples of Surplus Earnings in a sentence

• Beyond the assessment period in which your UC is stopped - if you are still expecting low/no earnings, you should reclaim UC immediately so that any entitlement you continue to have is re-established, subject to advice on Surplus Earnings (see above).

• This is because of the UC Surplus Earnings rule (see section 5h above).

• The Lessee will, by the date on which any payment of Surplus Earnings in respect of any Surplus Earnings Period is due hereunder (or would be due, if any Surplus Earnings had existed in respect of such Surplus Earnings Period), deliver to the Lessor reasonable detail as to the manner in which such Surplus Earnings were calculated or in which it was determined that no Surplus Earnings existed.

• However, risks related to human trafficking and HIV/Aids need to be addressed.

• IMPORTANT NOTES: - - Usually, when Surplus Earnings rules apply, your UC claim automatically closes.

More Definitions of Surplus Earnings

Surplus Earnings means, at any relevant time, such amount of the Earnings (i) which remains standing to the credit of the Management Account at such time and (ii) which is available for transfer to the Reserve Account pursuant to Clause 12.2 at such time;

Surplus Earnings means the surplus income of the Cooperative as determined by the Cooperative’s accountants using Generally Accepted Accounting Principles.

Surplus Earnings means, for each 3 month period ending on a Repayment Date, the amount of all Earnings of the Ships credited to the Earnings Accounts during that period less:

Surplus Earnings means the surplus income of the Cooperative (if any) as determined by the Board using the Accounting Standards for Private Enterprises as a guide. 1.2 Interpretation (a) Any reference to any statute in these Bylaws shall be deemed to refer to that statute or the applicable provisions thereof as amended or replaced from time to time. (b) Words in the singular shall include the plural and words in the plural shall include the singular, words in the masculine, feminine, or neuter gender shall include any gender. (c) The headings of the paragraphs in these Bylaws have been inserted solely for use of reference and as a matter of convenience and do not define, limit, alter, enlarge, or amend the scope or meaning of any provision of these Bylaws. (d) Unless otherwise specified or the context otherwise requires:

Surplus Earnings means, in relation to each Ship, an amount calculated quarterly in arrears on each Repayment Date (except the first Repayment Date) by taking the total Earnings paid to the credit of the relevant Operating Account during each quarter ending on such relevant Repayment Date and deducting therefrom:

Surplus Earnings means the surplus income of the Cooperative as determined by theC ooperative’s accountants using Generally Accepted Accounting Principles.II. Members and Investment Shareholders

Surplus Earnings means an amount calculated quarterly in arrears on each Financial Quarter Day (commencing with a first calculation on 31 December 2009) by taking the total aggregate Earnings paid to the credit of the Earnings Accounts during each quarter ending on such relevant Repayment Date and deducting therefrom: