Family Assets definition

Family Assets means all Property owned by the Family, individually or in combination with others, which has been contributed to or acquired by the Partnership.
Sample 1Sample 2
Family Assets means property, whether acquired before or after marriage, owned by one spouse or both spouses and ordinarily used or enjoyed for shelter or transportation or for household, educational, recreational, social or aesthetic purposes by both spouses or one or more of their children while the spouses were cohabiting, and includes […] […]
Sample 1

Examples of Family Assets in a sentence

  • The full texts of those portions of the regulations are provided in exhibits at the end of this chapter as follows:• Annual Income Inclusions (Exhibit 6-1)• Annual Income Exclusions (Exhibit 6-2)• Treatment of Family Assets (Exhibit 6-3)• Earned Income Disallowance for Persons with Disabilities (Exhibit 6-4)• The Effect of Welfare Benefit Reduction (Exhibit 6-5)Sections 6-I.B and 6-I.C discuss general requirements and methods for calculating annual income.

  • The full texts of those portions of the regulations are provided in exhibits at the end of this chapter as follows:• Annual Income Inclusions (Exhibit 6-1)• Annual Income Exclusions (Exhibit 6-2)• Treatment of Family Assets (Exhibit 6-3)• Earned Income Disallowance (Exhibit 6-4)• The Effect of Welfare Benefit Reduction (Exhibit 6-5)Sections 6-I.B and 6-I.C discuss general requirements and methods for calculating annual income.

  • The full texts of those portions of the regulations are provided in exhibits at the end of this chapter as follows: Annual Income Inclusions (Exhibit 6-1) Annual Income Exclusions (Exhibit 6-2) Treatment of Family Assets (Exhibit 6-3) Earned Income Disallowance for Persons with Disabilities (Exhibit 6-4) The Effect of Welfare Benefit Reduction (Exhibit 6-5)Sections 6-I.B and 6-I.C discuss general requirements and methods for calculating annual income.

  • The full texts of those portions of the regulations are provided in exhibits at the end of this chapter as follows: Annual Income Inclusions (Exhibit 6-1) Annual Income Exclusions (Exhibit 6-2) Treatment of Family Assets (Exhibit 6-3) Earned Income Disallowance (Exhibit 6-4) The Effect of Welfare Benefit Reduction (Exhibit 6-5)Sections 6-I.B and 6-I.C discuss general requirements and methods for calculating annual income.

  • The three definitions are as follows:(1)(i) ‘‘Annual income’’ as defined under the Section 8 Housing Assistance Payments program at 24 CFR 813.106 (except that if the CDBG assistance being provided is homeowner rehabili- tation under § 570.202, the value of the homeowner’s primary residence may be excluded from any calculation of Net Family Assets); or(ii) Annual income as reported under the Census long-form for the most re- cent available decennial Census.

  • The owner must use the definition of "Net Family Assets" in 24 CFR 813.102, which provides definitions for the HUD Section 8 Program.

  • Family Assets: An applicant’s family assets are the combined assets (as follows) of all adult members of the family living in the household.

  • If the Family has Net Family Assets in excess of $5,000, Annual Income shall include the greater of the actual income derived from all Net Family Assets or a percentage of the value of such Assets based on the current passbook savings rate as determined by HUD.

  • Assets: (See Net Family Assets.) Bifurcation of Lease:Under the authority provided in Section 6(l)(6)(B) of the United States Housing Act of 1937, as amended (42 U.S.C. § 1437d(1)(6)(B), the Housing Authority may split the lease in order to evict, remove, or terminate assistance to any individual who is a tenant or a lawful occupant under the lease and who engages in criminal acts of physical violence against family members or others.

  • Examples – Lump Sum Additions to Family Assets (One-Time Payment)• JoAnne Wettig won $500 in the lottery and received it in one payment.

Related to Family Assets

  • Family home or "family residence" means the location or portion of a location where the applicant and his or her family reside, and may include basements and attics. It does not include other structures that are separate from the home but are considered part of the overall premises, such as adjacent apartments, unattached basements in multi-unit buildings, unattached garages, and other unattached buildings.

  • Family abuse means any act involving violence, force, or threat that results in bodily injury or

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Qualified Assets means any of the following assets: (i) interests, rights, options, warrants or convertible or exchangeable securities of the Partnership; (ii) Debt issued by the Partnership or any Subsidiary thereof in connection with the incurrence of Funding Debt; (iii) equity interests in Qualified REIT Subsidiaries and limited liability companies (or other entities disregarded from their sole owner for U.S. federal income tax purposes, including wholly owned grantor trusts) whose assets consist solely of Qualified Assets; (iv) up to a one percent (1%) equity interest in any partnership or limited liability company at least ninety-nine percent (99%) of the equity of which is owned, directly or indirectly, by the Partnership; (v) cash held for payment of administrative expenses or pending distribution to security holders of the General Partner or any wholly owned Subsidiary thereof or pending contribution to the Partnership; and (vi) other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Partnership and its Subsidiaries.

  • Control Investment Affiliate as to any Person, any other Person that (a) directly or indirectly, is in control of, is controlled by, or is under common control with, such Person and (b) is organized by such Person primarily for the purpose of making equity or debt investments in one or more companies. For purposes of this definition, “control” of a Person means the power, directly or indirectly, to direct or cause the direction of the management and policies of such Person whether by contract or otherwise.

  • Family size means the number that is determined by counting the bor- rower, the borrower’s spouse, and the borrower’s children, including unborn children who will be born during the year the borrower certifies family size, if the children receive more than half their support from the borrower. A bor- rower’s family size includes other indi- viduals if, at the time the borrower certifies family size, the other individ- uals—

  • Permitted Asset Sale means any Asset Sale that is permitted under Section 6.8.

  • Adult family home means a home licensed under chapter 70.128

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Multi-family housing means a building or structure that is designed to house two (2) or more different households in separate housing Units which have full kitchen facilities including oven/range, refrigerator, kitchen sink with hot and cold water supply and food storage facilities and at least one (1) full bathroom facility(s), one (1) full bedroom and one (1) living area (including a combination thereof such as studio arrangements).

  • Family day home means a child day program offered in the residence of the provider or the home of any of the children in care for one through 12 children under the age of 13, exclusive of the provider's own children and any children who reside in the home, when at least one child receives care for compensation. The provider of a licensed or registered family day home shall disclose to the parents or guardians of children in their care the percentage of time per week that persons other than the provider will care for the children. Family day homes serving five through 12 children, exclusive of the provider's own children and any children who reside in the home, shall be licensed. However, no family day home shall care for more than four children under the age of two, including the provider's own children and any children who reside in the home, unless the family day home is licensed or voluntarily registered. However, a family day home where the children in care are all related to the provider by blood or marriage shall not be required to be licensed.

  • Permitted Asset Swap means the substantially concurrent purchase and sale or exchange of Related Business Assets or a combination of Related Business Assets and Cash Equivalents between the Issuer or any of its Restricted Subsidiaries and another Person; provided that any Cash Equivalents received must be applied in accordance with Section 4.10 hereof.

  • Family assessment means a comprehensive assessment of child

  • Assets includes present and future properties, revenues and rights of every description;

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • After-Acquired Property means any property (other than Collateral or Excluded Property) that is acquired or otherwise owned by the Company or any Subsidiary after the Issue Date of a type that secures the Secured Obligations.

  • Restricted Assets means all licenses, permits, franchises, approvals or other authorizations from any Governmental Authority from time to time granted to or otherwise held by the Company to the extent the same constitute “Excluded Assets” under (and as defined in) the Senior Lien Documents or the Junior Lien Documents or are similarly carved out from the granting clause or the collateral thereunder.

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • Multi-family dwelling means a structure that contains more than one separate dwelling unit, which is used, or occupied, or intended to be used or occupied, in whole, or in part as the home or residence of one or more persons.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Family child care home means a private home in which 1 but fewer than 7 minor children are received for care and supervision for compensation for periods of less than 24 hours a day, unattended by a parent or legal guardian, except children related to an adult member of the household by blood, marriage, or adoption. Family child care home includes a home in which care is given to an unrelated minor child for more than 4 weeks during a calendar year. A family child care home does not include an individual providing babysitting services for another individual. As used in this subparagraph, "providing babysitting services" means caring for a child on behalf of the child's parent or guardian if the annual compensation for providing those services does not equal or exceed $600.00 or an amount that would according to the internal revenue code of 1986 obligate the child's parent or guardian to provide a form 1099-MISC to the individual for compensation paid during the calendar year for those services.

  • Controlled Investment Affiliate means, as to any Person, any other Person, other than any Investor, which directly or indirectly is in control of, is controlled by, or is under common control with such Person and is organized by such Person (or any Person controlling such Person) primarily for making direct or indirect equity or debt investments in the Issuer and/or other companies.

  • Family Unit means the Employee and his or her Dependents covered under the Plan.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Member of the immediate family of the producer means a person who is related to a producer described in Subsection 59-12-104(20)(a) as a:

  • Investment Affiliate means any Person in which the Consolidated Group, directly or indirectly, has a ten percent (10%) or greater ownership interest, whose financial results are not consolidated under GAAP with the financial results of the Consolidated Group.