block transfer definition
block transfer means the transfer by a Unit Holder in one or more transactions during any thirty consecutive day period of Units representing in the aggregate more than 5% of the total interests in Partnership capital or profits. The term "Matching Service" has the meaning and the conditions to sale ascribed to it in Internal Revenue Service Notice 88-75. For purposes of the above limitations, the percentage of Units transferred during a taxable year shall equal the sum of the monthly percentage of Units transferred. The monthly percentage of Units transferred in any month shall be the percentage equal to a fraction the numerator of which is the number of Units transferred during such month and the denominator of which is the number of Units outstanding on the last day of such month, provided that the denominator shall not include Units owned by the General Partner or any Person related to the General Partner (within the meaning of Section 267(b) or 707(b)(1) of the Code);
block transfer. Is a CareFirst approved request from a Contracted Broker/Agent that allows for the movement of Broker/Agent’s CareFirst entire or partial book of business from either a direct Broker status to a qualified Full-Service Producer or qualified General Producer status, or vice versa, or to a different qualified Full-Service or General Producer. A block transfer can also include the movement of a Contracted Agent’s or Producing Agent’s book of business to another Contracted Brokerage/Agent following the formation or dissolution of a partnership or corporation. Appropriate documentation may be requested at the discretion of the Insurer.
block transfer means a transfer or redirection of two thousand (2,000) or more enrollees by a plan from a Terminated Provider Group or Terminated Hospital to one or more contracting providers that takes place as a result of the termination or non-renewal of a Provider Contract. The Plan’s Compliance Officer must be made aware of any proposed Block Transfers, in order to complete the appropriate filing with the Department of Managed Health Care (DMHC).
More Definitions of block transfer
block transfer means a transfer in a single transaction or series of transactions from a scheme of all the sums or assets held for the purposes of, or representing, or derived from—
block transfer means a transfer involving a group of members (i.e. at least two members) from one registered pension schemes to another, such as due to an employer rearranging its pension schemes or as part of a business transaction.
block transfer means the transfer by a Partner in one or more transactions during any 30 calendar day period of Partnership Interests representing in the aggregate more than 5% of the total interest in Partnership capital or profits.
block transfer means a sale by one or more Restricted Shareholders (as hereinafter defined) to any Third Party (as hereinafter defined) of more than 300,000 shares of Common Stock sold off the OTC Bulletin Board or other exchange on which the Company's Common Stock is then traded.
block transfer shall not apply to any distribution by any Person to holders of equity interests in such Person (whether or not such holders might otherwise collectively be deemed a person for purposes of Section 13(d)(3) of the Exchange Act), except to the extent that any individual acquires 5% or more of the Fully Diluted Common Stock, and then only with respect to such individual.
block transfer means a transfer which involves the transfer in a single transaction of all the sums or assets held for the purposes of, or representing accrued rights under, the arrangements under the pension scheme from which the transfer is made which relate to the individual and at least one other member of that pension scheme, and
block transfer means a Transfer described in Section 1.7704- 1(e)(2) of the Treasury Regulations, by a Partner and any related Persons (within the meaning of Section 267(b) or Section 707(b)(1) of the Code), to one or more Qualified Persons in one or more transactions during any 30 calendar day period, of Units representing in the aggregate more than 2% of the outstanding Units. Book-Tax Disparities shall mean the differences between a Partner's Capital Account balance, as maintained pursuant to Article VII, and such balance had the Capital Account been maintained strictly in accordance with tax accounting principles (such disparities reflecting the differences between the Carrying Value of either Contributed Property or Adjusted Property, as adjusted from time to time, and the adjusted basis thereof for federal income tax purposes). Business Day shall mean any day other than a Saturday, Sunday or legal holiday recognized or declared as such by the Government of the United States or the State of New York. Business Entity shall mean a corporation, a business trust or association, a real estate investment trust, a common-law trust, a limited liability company or an unincorporated business, including a general or limited partnership or registered limited liability partnership. CCI shall mean Columbus Circle Investors, a Delaware general partnership, or its Successor. Capital Account shall mean a capital account established and maintained pursuant to Article VII. Carrying Value shall mean (i) with respect to Contributed Property, the fair market value of such Contributed Property at the time of contribution as determined by the General Partners, reduced (but not below zero) by all amortization, depreciation and cost recovery deductions taken into account in determining Net Income or Net Loss pursuant to Section 7.2 with respect to such Contributed Property, and (ii) with respect to any other Partnership Asset, the adjusted basis of such Partnership Asset for federal income tax purposes, as of the time of determination. The Carrying Value of any Partnership Asset may be adjusted from time to time in accordance with Sections 7.4 and 7.5, and to reflect changes, additions or other adjustments to the Carrying Value for dispositions, acquisitions or improvements of Partnership Assets, in a manner consistent with federal income tax principles. Certificate shall mean a certificate of Partnership Interest issued by the Partnership, evidencing ownership of one or more Units, such cer...