Participating Income Fund definition

Participating Income Fund shall be an Income Fund with respect to which the Income Fund Merger to which it is a party has been consummated prior to or simultaneously with the Merger; (ii) the “Required Aggregate Cash Balance” shall be $30 million multiplied by the Cash Balance Adjustment; and (iii) the “Cash Balance Adjustment” shall be either (x) 1.00 if all Income Funds are Participating Income Funds, or (y) a percentage, expressed as a decimal, determined by dividing the aggregate Merger Consideration payable to the Participating Income Funds pursuant to the respective Income Fund Merger Agreements by the aggregate Merger Consideration payable to all Income Funds pursuant to their respective Income Fund Merger Agreements (and assuming for purposes of calculating the Cash Balance Adjustment, that all Income Fund Mergers are consummated).
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Participating Income Fund shall be an Income Fund with respect to which the Income Fund Merger to which it is a
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Examples of Participating Income Fund in a sentence

  • Any and all notices required or permitted to be given hereunder shall be in writing and shall be considered as given when deposited in the mail, certified, postage prepaid, return receipt requested, to the following parties: If to the Lender: IBF Participating Income Fund 1733 Connecticut Avenue, N.W. Xxxxxxxxxx, X.X. 00000 Xxxxxxxxx: Xx. Robert Porco With a copy tx: Xxxx & Drath LLP 000 Paxx Xxenue Xxx Xxxx, Xxx Xxxx 00000 Xxxxxxxxx: Xxxxence I.

  • Requests may be made to: IBF VI - Participating Income Fund, 1733 Connecticut Avenue N.W., Washington, D.C. 20009, Attn.: President.

  • Georgia courts generally apply the federal doctrine of judicial estoppel where, ashere, “a bankruptcy proceeding is the earlier proceeding in which the debtor/plaintiff took a position allegedly inconsistent with that taken in the state court action.” IBF Participating Income Fund v.

  • The funds delivered to the Escrow Agent shall be deposited by the Escrow Agent into an interest bearing account at Continental Stock Transfer & Trust Company, 2 Broadway, New York, NY 10004, xxxxxxxx XXXXX, Xxxxxx Xxxxxnt for IBF VI - Participating Income Fund (the "Escrow Account") and shall be held and distributed by the Escrow Agent in accordance with the terms hereof.

  • This SoFFin II measure is made up of a further silent participation amounting to EUR 8.2 billion and a capital increase of 25% plus one share against payment of EUR 1.8 billion.

  • The name of the Corporation is IBF VI - Participating Income Fund.

  • IN WITNESS WHEREOF, IBF VI - Participating Income Fund has caused this Certificate to be signed by its duly authorized officer this 4th day of August, 1999.

  • If patient incurred costs or non-healthcare costs are to be considered, the proposal describes how they will be measured.

  • During the whole 2019, the social protests in Colombia got bigger and harder against government management; those public issues affected directly the right operation of the universities and forced us to stop all academic and administrative activities inside the campus for months.

  • IBF VI - Participating Income Fund By:_________________________________ Title:______________________________ IBF Management Corp.

Related to Participating Income Fund

  • Operating Income means the Company’s or a business unit’s income from operations but excluding any unusual items, determined in accordance with generally accepted accounting principles.

  • Qualifying Income Gross income that is described in Section 856(c)(2) or 856(c)(3) of the Code.

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Return on Invested Capital for a period shall mean earnings before interest, taxes, depreciation and amortization divided by the difference of total assets less non-interest bearing current liabilities.

  • Income year means any year or accounting period beginning 1 July of one calendar year and ending 30 June of the following calendar year or any other period that the Trustees by resolution adopt;

  • Total Open-End Mutual Fund Average Net Assets means the average of all of the determinations of the aggregate net assets of all open-end funds sponsored by Xxxxxx Management (excluding the net assets of such funds investing in, or invested in by, other such funds, such as Xxxxxx RetirementReady® Funds and Xxxxxx Money Market Liquidity Fund, to the extent necessary to avoid "double-counting" of such net assets) at the close of business on each business day during each month while the Management Contract is in effect.

  • Pre-Funded Amount With respect to any date of determination, the amount on deposit in the Pre-Funding Account.

  • Moderate-income unit means a restricted unit that is affordable to a moderate-income household.

  • Sharing Percentage means, with respect to any Member, a percentage, expressed as a fraction the numerator of which is the number of Units held by such Member and the denominator of which is the aggregate number of Units held by all Members.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Corporation receives from portfolio companies) accrued during the calendar quarter, minus the Corporation’s operating expenses for the quarter (including the Base Management Fee, expenses reimbursed to the Adviser under this Agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the Incentive Fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Corporation has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

  • Pre-Funding Earnings means any Investment Earnings on amounts on deposit in the Pre-Funding Account.

  • Earnings Before Interest and Taxes means for any period the sum of (i) net income (or loss) of Borrowers on a Consolidated Basis for such period (excluding extraordinary gains and losses), plus (ii) all interest expense of Borrowers on a Consolidated Basis for such period, plus (iii) all charges against income of Borrowers on a Consolidated Basis for such period for federal, state and local taxes.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Target Capital Account means the Capital Account of a Member as of the end of each fiscal year, increased by any amount that such Member is obligated to restore under this Agreement, is treated as obligated to restore under Treasury Regulations Section 1.704-1(b)(2)(ii)(c), or is deemed obligated to restore under the penultimate sentences of Treasury Regulations Section 1.704-2(g)(1) and (i)(5).

  • net earnings means such earnings as are calculated in accordance with paragraph 42 or 52, as the case may be;

  • Discretionary Contribution means the contribution made by the Employer on behalf of a Participant as described in Section 4.4(b).

  • Percentage Stock Ownership means the percentage Stock Ownership interest of any Person or group (as the context may require) for purposes of Section 382 of the Code as determined in accordance with the Treasury Regulation § 1.382-2T(g), (h), (j) and (k) or any successor provision.

  • Net Operating Income With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.

  • Growth means the rating a school will receive based on longitudinally matched student data comparing current performance to the previous year’s for the purpose of determining student academic growth.

  • net non-operating income means the difference between:

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Equity Contributions means the equity to be contributed by the Equity Investor to Borrower, in accordance with and subject to the terms of the Partnership Agreement.

  • EBIT means, for any period, the net income of the Company and its Subsidiaries on a Consolidated basis for such period plus each of the following with respect to the Company and its Subsidiaries on a Consolidated basis to the extent utilized in determining such net income: (a) Interest Expense and (b) provision for taxes.