Eighteen-Month Exception definition

Eighteen-Month Exception means the exception to the Rebate Requirement provided by Treasury Regulation Section 1.148-7(d).
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Examples of Eighteen-Month Exception in a sentence

  • As at 31 July 2008, TORM had hedged 83% of the remaining earning days in the Bulk Division at USD 50,039 per day.• TORM has sold TORM Gotland in the third quarter, leading to an upgrade of the full-year profit forecast on 18 July 2008 (announcement no.

  • Expenditure Exceptions The "Six-Month Exception" to rebate is set forth in subsection (a) below and the "Eighteen-Month Exception" to rebate is set forth in subsection (b) below.

  • Any failure to satisfy the final spending requirement of the Eighteen-Month Exception is disregarded if the NVTA exercises due diligence to complete the project and the amount of the failure does not exceed the lesser of three percent (3%) of the issue price of the Tax Exempt Bonds and $250,000.

Related to Eighteen-Month Exception

  • Federal Fiscal Year means the period beginning October 1 and ending September 30 each year, which is the annual accounting period for the United States government.