Disproportionate asset definition

Disproportionate asset means having an unusually large quantity of income and asset as opposed to known source of income; unusual decrease of liability; or unlawful acquisition of income and asset as a consequence of performance or non-performance of duty and/or exercise of power in office or in the course of duty.
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Examples of Disproportionate asset in a sentence

  • The extent to which you may recover your money or securities may be governed by specific legislation.

  • On March 21, 2016, defendant moved for summary disposition, arguing that plaintiff was precluded from collecting benefits under defendant’s policy because he was driving a vehicle for business at the time of the accident.

  • EXTERNAL ENTITIESIf a LPR obtains data related to a criminal case, the NYPD will turn the data over to the prosecutor with jurisdiction over the matter.

Related to Disproportionate asset

  • Material Real Estate Asset means (i) any fee-owned Real Estate Asset having a fair market value in excess of $2,500,000 as of the date of the acquisition thereof or (ii) any Real Estate Asset that the Required Lenders have determined is material to the business, general affairs, assets, liabilities, operations, management, condition (financial or otherwise), stockholders’ equity, results of operations or value of any Loan Party or any Subsidiary thereof, including the Borrower.

  • Real Estate Asset means, at any time of determination, any interest (fee, leasehold or otherwise) then owned by any Credit Party in any real property.

  • Environmental Attributes means any emissions and renewable energy credits, energy conservation credits, benefits, offsets and allowances, emission reduction credits or words of similar import or regulatory effect (including emissions reduction credits or allowances under all applicable emission trading, compliance or budget programs, or any other federal, state or regional emission, renewable energy or energy conservation trading or budget program) that have been held, allocated to or acquired for the development, construction, ownership, lease, operation, use or maintenance of the Company as of: (i) the date of this Agreement; and (ii) future years for which allocations have been established and are in effect as of the date of this Agreement.

  • Undepreciated Real Estate Assets as of any date means the cost (original cost plus capital improvements) of real estate assets of the Company and its Subsidiaries on such date, before depreciation and amortization determined on a consolidated basis in accordance with GAAP.