ONLY OR PRINCIPAL HOME Sample Clauses

ONLY OR PRINCIPAL HOME. The Tenant agrees to occupy the accommodation as his only or principal home and not to carry on any formal or registered trade business or profession there.
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ONLY OR PRINCIPAL HOME. The Tenant agrees to occupy the accommodation as his only or principal home. He agrees not to use the accommodation for illegal activities nor for any business or trade purposes. If the tenant wishes to use the accommodation for business or trade purposes he must obtain written permission of the landlord.

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  • Traditional IRA-to-Xxxx XXX Conversions If you convert to a Xxxx XXX, the amount of the conversion from your Traditional IRA to your Xxxx XXX will be treated as a distribution for income tax purposes, and is includible in your gross income (except for any nondeductible contributions). Although the conversion amount generally is included in income, the 10 percent early distribution penalty tax will not apply to conversions from a Traditional IRA to a Xxxx XXX, regardless of whether you qualify for any exceptions to the 10 percent penalty tax. If you are required to take a required minimum distribution for the year, you must remove your required minimum distribution before converting your Traditional IRA.

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