Economic distress definition

Economic distress means conditions affecting the fiscal and economic viability of a rural community, including such factors as low per capita income, low per capita taxable values, high unemployment, high under- employment, low weekly earned wages compared to the state average, low housing values compared to the state average, high percentages of the population receiving public assistance, high poverty levels com- pared to the state average, and a lack of year-round stable employment opportunities.
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Economic distress means the level of economic distress characterizing a service delivery region or a portion thereof as determined pursuant to the economic distress criteria.
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Examples of Economic distress in a sentence

  • Economic distress (see below), now coupled with overt military conflict and a de facto information war, has eroded social cohesion.

  • Economic distress is determined by the area’s unemployment rate, per capita income, or a special need.

  • Subpart C—Economic Distress Criteria§ 301.3 Economic distress levels.(a) Part 305 (Public Works and Eco- nomic Development Investments) and part307 (Economic Adjustment Assistance In- vestments).

  • Economic distress 15 points(Military Base/Employer 20% or more loss in total jobs) 3.

  • Economic distress in particular stimulates religious intensity and this is providing something that other forms of insurance are not providing.

  • They could not get their anti-HIV medicines.” Economic distress at an all-time high, as food insecurity becomes the primary concern Economic fallouts were the most prominent and visible form of vulnerability that was faced by many sections of the population during COVID-19, including sex workers.

  • Economic distress in the Hudson Valley region is summarized by region as well as by individual county in tables 4 and 5.

  • Economic distress generates the conditions that make governments cut social spending, lower the labor standards and limit the right to strike due to the need to attract new investment by lowering the cost of production of enterprises, generating the condition for economic growth.The research pretends to undertake two principle tasks in this section.

  • Economic distress and/or inability to meet a payment because of a lack of funds or exchange rate fluctuation.

  • Economic distress, presence of left wing opposition, and the return of veterans from war are the variables that will be tested using this particular approach.

Related to Economic distress

  • Emotional distress means significant mental suffering or distress that may, but does not necessarily require, medical or other professional treatment or counseling;

  • Double distressed means satisfying the criteria applicable to a locality described in subdivision E 3

  • Distress Event means any of:

  • Economic Dispatch means the sending of dispatch instructions to generation units to minimize the cost of reliably meeting load demands.

  • Substantial emotional distress means significant mental suffering or anguish that may, but does not necessarily, require medical or other professional treatment or counseling.

  • Inherited Metabolic Disorder means a disease caused by an inherited abnormality of body chemistry that meets all of the following requirements:

  • Distressed Person has the meaning set forth in the definition of “Lender-Related Distress Event.”

  • Economic loss means any of the following types of pecuniary harm:

  • Historic district means an area, or group of areas not necessarily having contiguous boundaries, that contains 1 resource or a group of resources that are related by history, architecture, archaeology, engineering, or culture.

  • Lender-Related Distress Event means, with respect to any Lender or any person that directly or indirectly controls such Lender (each, a “Distressed Person”), as the case may be, a voluntary or involuntary case with respect to such Distressed Person under any Debtor Relief Law, or a custodian, conservator, receiver or similar official is appointed for such Distressed Person or any substantial part of such Distressed Person’s assets, or such Distressed Person or any person that directly or indirectly controls such Distressed Person is subject to a forced liquidation, or such Distressed Person makes a general assignment for the benefit of creditors or is otherwise adjudicated as, or determined by any Governmental Authority having regulatory authority over such Distressed Person or its assets to be, insolvent or bankrupt; provided that a Lender-Related Distress Event shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any equity interests in any Lender or any person that directly or indirectly controls such Lender by a Governmental Authority or an instrumentality thereof, so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender.

  • inherited metabolic disease means a disease caused by an inherited abnormality of body chemistry for which testing is mandated by law;

  • economic operator means any natural or legal person or public entity or group of such persons and/or entities which offers the execution of works and/or a work, the supply of products or the provision of services on the market;

  • Economic Life means the number of years a property improvement is expected to be in service in a facility.

  • Agent-Related Distress Event means, with respect to the Administrative Agent or any Person that directly or indirectly Controls the Administrative Agent (each, a “Distressed Agent-Related Person”), a voluntary or involuntary case with respect to such Distressed Agent-Related Person under any Debtor Relief Law, or a custodian, conservator, receiver or similar official is appointed for such Distressed Agent-Related Person or any substantial part of such Distressed Agent-Related Person’s assets, or such Distressed Agent-Related Person makes a general assignment for the benefit of creditors or is otherwise adjudicated as, or determined by any Governmental Authority having regulatory authority over such Distressed Agent-Related Person to be, insolvent or bankrupt; provided that an Agent-Related Distress Event shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any Equity Interests in the Administrative Agent or any Person that directly or indirectly Controls the Administrative Agent by a Governmental Authority or an instrumentality thereof.

  • Anti-Dilution Levy means such sum, as the Responsible Person or its delegate considers appropriate taking into account the interests of Shareholders of the relevant Funds to cover dealing costs incurred when transacting to cover Shareholder dealing and for no other purpose.

  • economic operators means the manufacturer, the authorised representative, the importer and the distributor;

  • Real estate related financial transaction means any transaction involving:

  • Short-Sale Loss means the loss resulting from the Assuming Institution’s agreement with the mortgagor to accept a payoff in an amount less than the balance due on the loan (including the costs of any cash incentives to borrower to agree to such sale or to maintain the property pending such sale), further provided, that each Short-Sale Loss shall be calculated in accordance with the form and methodology specified in Exhibits 2b(1)-(3).

  • Economic Value – means the value of the Company and of its shares, to be determined by a specialized company by using a recognized methodology or based on another criterion to be defined by the CVM.

  • Non-Retail Behind The Meter Generation means Behind the Meter Generation that is used by municipal electric systems, electric cooperatives, or electric distribution companies to serve load.

  • Electric distribution company (EDC) means any electric utility subject to the jurisdiction of the Commission.

  • Autism spectrum disorder means a neuro-developmental condition typically appearing in the first three years of life that significantly affects a person's ability to communicate, understand relationships and relate to others, and is frequently associated with unusual or stereotypical rituals or behaviours.

  • polygamous marriage means any marriage to which paragraph 5 applies;

  • Nonrecourse Built-in Gain means with respect to any Contributed Properties or Adjusted Properties that are subject to a mortgage or pledge securing a Nonrecourse Liability, the amount of any taxable gain that would be allocated to the Partners pursuant to Section 6.2(b) if such properties were disposed of in a taxable transaction in full satisfaction of such liabilities and for no other consideration.

  • Market Share means the percent of sales of the total available market in an industry, product line or product attained by the Company or one of its business units during a time period.

  • Gram Sabha means a body consisting of persons registered in the electoral rolls relating to a village comprised within the area of Panchayat at the village level;