Permitted Contributions Clause Samples

Permitted Contributions. (a) The Borrowers may from time to time accept Cash contributions in respect of their Equity Interests (but in no event shall any Person be obligated to make any such Cash contributions), and subject to Section 6.03(b) below, to the extent such Cash contributions are deposited in a Restricted Borrower Account and written certification from a Responsible Officer of each Borrower confirming receipt thereof has been delivered to the Approved Account Bank, may be applied as Distributable Cash in accordance with the Priority of Payments. Except with respect to Permitted Cure Contributions to the extent set forth in Section 6.03(b) below, no such Cash contributions shall be included or otherwise taken into account in the calculation of Net Cash Flow or any LTV Ratio. (b) The Borrowers may (but are not required to), upon delivery of written certification from a Responsible Officer of each Borrower to the Administrative Agent at least five (5) Business Days’ prior, designate all or a portion of any such Cash contributions as (i) a cure contribution that increases the amount of Collections and Net Cash Flow for the Collection Period during which such contributions were made by the Dollar amount of such contribution, which contribution shall accordingly improve the DSCR for such Collection Period and be applied as Distributable Cash on the following Payment Date (each, an “DSCR Cure Contribution”), (ii) a cure contribution that will be retained in the Cure Contribution Holding Account and increase the Aggregate Collateral Value by an amount equal to the Dollar amount of such contribution, and accordingly improve the LTV Ratio for each Measurement Date until the Payment Date until such amounts are released pursuant to Section 9.02 or at the direction of the Borrowers for so long as no Manager Termination Event, Unmatured Event of Default or Event of Default has occurred and is continuing or would result therefrom, for application as Distributable Cash (each, a “LTV Cure Contribution”) or (iii) a cure contribution that will be applied in connection with an Optional Prepayment (subject to the payment of any related fees pursuant to the Lender Fee Letter and the BNY Fee Schedule), in order to reduce the aggregate outstanding principal amount of the Advances (and interest expected to accrue thereon), and accordingly improve the LTV Ratio and the DSCR through such prepayment of Advances (a “Prepayment Cure Contribution” and, together with the DSCR Cure Coverage Contributi...

Permitted Contributions. The rules regarding contributions in Article I have been amended for taxable years beginning on or after January 1, 2002. Beginning in 2002, the maximum aggregate amount that may be contributed to the custodial account, except in cases of a rollover contribution, for any taxable year is the lesser of (1) the amount in effect under section 219(b)(1)(A) for such year (the “Dollar Limit”), or (2) 100% of the Depositor’s compensation, reduced by the amount of any other regular contribution for that year to any other individual retirement account established under Code section 408(a), or a ▇▇▇▇ individual retirement account established under Code section 408A. For taxable years beginning on or after January 1, 2002, but before January 1, 2005, the Dollar Limit is raised to $3,000. For taxable years beginning on or after January 1, 2005, but before January 1, 2008, the Dollar Limit is $4,000. For taxable years beginning on or after January 1, 2008, the Dollar Limit is $5,000. For taxable years beginning on or after January 1, 2009, the Dollar Limit is $5,500. For the taxable year beginning January 1, 2010, the Dollar Limit is $6,000, subject to mandatory reduction or other provisions after 2010. In addition, beginning in 2002, Depositors who are 50 years of age or older may contribute an additional amount to the Trust in addition to the Dollar Limit described above (the “Catch-Up Amount”). For taxable years beginning on or after January 1, 2002, the Catch-Up Amount is $500. For taxable years beginning on or after January 1, 2006, the Catch-Up Amount is increased to $1,000. The Catch-Up Amount is not subject to the same limits as the Dollar Limit (e.g., it is not limited by the Depositor’s compensation or other retirement related contributions). The Catch-Up Amount is also subject to mandatory reduction or other provisions after 2010. For taxable years beginning on or after January 1, 2002, a rollover contribution may also be made from a qualified deferred compensation arrangement described in section 457 of the Code. liability or responsibility for any tax imposed on account of any such contribution or distribution. Further, the Custodian shall not incur any liability or responsibility in taking or omitting to take any action based on any notice, election, or instruction or any written instrument believed by the Custodian to be genuine and to have been properly executed. The Custodian shall be under no duty of inquiry with respect to any such notice, election, i...

Permitted Contributions. The custodial account may accept rollover contributions described in section 408A(e) of the Code from another ▇▇▇▇ individual retirement account, or from another individual retirement account under section 408(a) of the Code if the distribution meets the requirements of 408(d)(3) (“Rollover Contribution”). In addition, for taxable years beginning in 2006, a Rollover Contribution includes a distribution from a designated custodial account established in a qualified retirement account pursuant to section 402A(c)(3)(A) of the Code.

Permitted Contributions. All regular contributions to the Education Account made under this Section 2.1 by an individual, entity, or other person, including the Responsible Person, (collectively known as “Donors”) for the benefit of the Beneficiary, shall meet the following conditions: (a) the contribution must be made in cash; (b) the Beneficiary of the Education Account must not yet have attained the age of 18 (unless the Beneficiary has special needs, as determined under regulations issued pursuant to Code Section 530(b)(1)) as of the date the contribution is made (other than a Rollover Contribution described in Article III, below); (c) the total aggregate contributions to all education accounts described in Code Section 530 on behalf of the Beneficiary from all Donors (not including Rollover Contributions described in Article III, below) must not exceed $2,000 or such other amount as may from time to time be permitted under Code Section 530(b)(1) for the taxable year; and (d) the contribution for a taxable year must be made if the contribution is made by an individual no later than the time prescribed by law for filing the Donor’s federal income tax return for that taxable year (not including extensions thereof). In addition, the maximum aggregate contribution that any individual Donor may make to the Education Account in any taxable year is phased out for Donors (other than married Donors who file joint federal income tax returns) who have modified adjusted gross income (AGI) between $95,000 and $110,000 for the year of the contribution. The phase-out range for married individual Donors who file joint returns is modified AGI between $190,000 and $220,000 for the taxable year of the contribution. Individual Donors with modified AGI above $110,000 for the taxable year, and married ▇▇▇▇▇▇ who file joint returns and have modified AGI above $220,000, as applicable, for the taxable year, may not make a contribution for that year. AGI phase-out ranges shall be the ranges stated in Code Section 530(c)(1), as amended from time to time. Modified AGI is defined in Code Section 530(c)(2).

Permitted Contributions. The scheme may accept only the following contributions: (1) contributions by members, including contributions made on behalf of a member paid by another individual (see rule 4.3); (2) contributions by the member’s employer(s) in respect of the member. An employer may only contribute to the scheme in a tax year when the member has been in service with that employer.

Permitted Contributions. All regular contributions to the Roth IRA Account shall be in cash, and may be made under this ▇▇▇▇▇▇▇ph 2.1 by the Individual or the Individual's spouse (the "Spouse"). An Individual may make contributions to the Roth IRA Account even if the Individual has attained age ▇▇-▇/▇. In general, the maximum amount that an Individual may contribute as a regular contribution to any Roth IRA Account for any taxable year is (i) the lesser of $2,▇▇▇ ▇▇ 100% of the Individual's compensation, (ii) reduced by the amount of any other regular contribution for that year to any other Roth IRA or individual retirement plan under Code Section 408 ("▇▇▇") for the benefit of the Individual. If the Individual is ▇▇rried, the maximum amount the higher compensated spouse may contribute for the year is the lesser of $2,000 or 100% of that spouse's compensation, and the maximum amount the lower compensated spouse may contribute is the lesser of $2,000 or 100% of that spouse's compensation plus the amount by which the higher compensated spouse's compensation exceeds the amount the higher compensated spouse contributes to his or her Roth IRA (even if one spouse has no compensation). The maximu▇ ▇▇▇▇▇▇ contribution amount will be reduced, however, if the Individual is single and has an adjusted gross income between $95,000 and $110,000, is married filing a joint return and has an adjusted gross income between $150,000 and $160,000, or is married filing separately and has an adjusted gross income between $0 and $10,000. An Individual cannot make a contribution to a Roth IRA if that person's adjusted gross income exceeds $110,▇▇▇ ▇▇▇ single individuals, $160,000 for married individuals filing jointly, or $10,000 for married individuals filing separately. Contributions to the Roth IRA Account will not be deductible for federal income ta▇ ▇▇▇▇▇▇es. The Trustee may, but is under no obligation to, refuse to accept annual Roth IRA Account contributions that exceed $2,000.

Permitted Contributions