Tax Ratio definition

Tax Ratio. , with respect to a property, means the tax ratio established under section 308 of the Municipal Act, 2001 for the property class it is in;

Tax Ratio means the ratio that the tax rate for each property class is to the tax rate for the Residential property class, within the allowable range.

Tax Ratio means tax ratio as defined in section 308 of the Municipal Act, 2001;

Examples of Tax Ratio in a sentence

• The Payroll Tax Ratio set forth below shall be applied to the labor expense portion of the Western Line Facilities operation and maintenance expenses, to the Operating Agent’s direct labor charges incurred in effecting Capital Improvements, and to the labor expenses included in the Operating Agent's supervisory, administrative, and general expense accounts.

• The Payroll Tax Ratio to be applied to the labor expenditure portion of the XxXxxxxxxx Facilities Capital Improvements, the XxXxxxxxxx Substation Common Facilities capital improvements, and Operating and Maintenance Expenditures shall be determined annually on the basis of the Operating Agent's preceding year's expenditures as set forth herein unless otherwise agreed to by the Participants.

• The Payroll Tax Ratio shall he adjusted to actual at year-end and the adjusted ratio shall be used in preparation ofa revised billing to Participants.

• The Payroll Tax Ratio shall be determined annually on the basis of the Operating Agent's expenses for the preceding calendar year unless otherwise agreed to by the Participants.

• The Payroll Tax Ratio shall be adjusted to actual at calendar year- end and the adjusted ratio used in preparation of a revised billing to Participants.

More Definitions of Tax Ratio

Tax Ratio means the ratio of (i) the product of (A) the closing price per share of FirstEnergy Common Stock on the Closing Date times (B) the excess of (x) the aggregate number of shares of FirstEnergy Common Stock to be issued pursuant to this Section 2.01 over (y) the number of shares of FirstEnergy Common Stock that tax counsel to FirstEnergy or GPU reasonably deems necessary to exclude for purposes of the "continuity-of-interest" requirements under applicable federal income tax principles relating to reorganizations described in the Code (the "Aggregate Stock Amount"), to (ii) the sum of (u) the Aggregate Stock Amount plus (v) the aggregate cash payable pursuant to this Section 2.01 (plus the aggregate estimated amount of cash payable in lieu of fractional shares of FirstEnergy Common Stock pursuant to Section 2.02(e)(ii)) plus (w) the number of Dissenting Shares times the per share fair value of such shares determined pursuant to applicable law or, if such fair value has not been determined as of the date the calculation required by this Section 2.01(l) is required to be made, then times the greater of (A) the Cash Consideration and (B) the value of the number of shares of FirstEnergy Common Stock equal to the Exchange Ratio (based on the closing price per share of FirstEnergy Common Stock on the Closing Date), plus (x) any other amounts paid by GPU (or any affiliate thereof) to, or on behalf of, any holder of shares of GPU Common Stock in connection with the sale, redemption or other disposition of any GPU Common Stock in connection with the Merger for purposes of Treasury Regulation Sections 1.368-1(e) and 1.368-1T(e) plus (y) any extraordinary dividend distributed by GPU prior to and in connection with the Merger for purposes of Treasury Regulation Sections 1.368-1(e) and 1.368-1T(e), plus (z) the amount of any other items that tax counsel to FirstEnergy or GPU reasonably deems necessary to take into account for purposes of making the Merger satisfy the "continuity-of-interest" requirements under applicable federal income tax principles relating to reorganizations described in the Code.

Tax Ratio. Section 2.01(l) "TE" Section 6.01 "to the knowledge of the executive officers" Section 10.04(d) "Violation" Section 3.04 "Voting Debt" Section 3.02(a) "wholly owned Subsidiary" Section 3.18(b) 7 TABLE OF CONTENTS Page

Tax Ratio means tax ratio as defined in section 308 of the Xxxxxxxxx Xxx, 0000;

Tax Ratio shall have the meaning set forth in Section 3.2(f).

Tax Ratio means the ratio between the tax rates for each property class and the tax rate for the residential property class, when the residential property class ratio is 1.0;

Tax Ratio. , with respect to a property, means the tax ratio established under section 363 of the Municipal Act

Tax Ratio. , with respect to a property, means the tax ratio established under section 308 of the