Permitted Contribution definition

Permitted Contribution means any Payment or Payments by a Covered Associate that is a natural person to a Public Official of the State(s) (or subdivisions thereof) where the Covered Associate is entitled to vote and that, in the aggregate, do not exceed $350 per election to any Public Official for whom the Covered Associate is entitled to vote or that do not exceed $150 per election to any Public Official for whom the Covered Associate is not entitled to vote.
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Permitted Contribution means contributions of properties or assets in a transaction in which RailAmerica is entitled, in accordance with the Internal Revenue Code of 1986, as amended, to receive an income tax deduction on its consolidated federal income tax return; PROVIDED that the amount of any such income tax deduction is at least equal to the fair market value of such properties and assets less the amount of any liabilities, as shown on the Company's most recent balance sheet, that are assumed by the transferee of any such properties or assets pursuant to a customary novation agreement that releases the Company and its Restricted Subsidiaries from further liability (such determination shall be evidenced by an Officers' Certificate delivered to the Trustee in the case of property and assets with a fair market value less than or equal to $1.0 million, by a resolution of the board of directors of RailAmerica delivered to the Trustee in the case of property and assets with a fair market value greater than $1.0 million, but less than or equal to $5.0 million, or by an opinion delivered to the Trustee of an accounting, appraisal or investment banking firm of national standing in the case of property and assets with a fair market value greater than $5.0 million).
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Permitted Contribution means the contribution by the Company or any of its Restricted Subsidiaries of any Undeveloped Land to a Permitted Entity in a transaction that satisfies each of the following: (a) such contribution shall have been approved by a majority of the Managers that are disinterested in such transaction (or, if none of the Managers is disinterested in such transaction, a representative appointed by the Managers to make such determination, which representative, in the reasonable good faith judgment of a majority of the Managers, is disinterested in the transaction and is qualified to make such determination); (b) such majority or such representative, as the case may be, shall have determined in reasonable good faith that the Company and its Restricted Subsidiaries will receive fair market value for such contribution in the form of Equity Interests in such Permitted Entity; and (c) no Default or Event of Default shall have occurred and be continuing at the time of, or would occur after giving effect on a pro forma basis to, such contribution.
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Examples of Permitted Contribution in a sentence

  • Your employer can also pay contributions to Your Plan with Your consent via a Permitted Contribution Method.There are no minimum or maximum contribution limits on employer contributions.

  • You can do this through your self-assessment tax return, or, if you don’t complete a return, you can contact HMRC.We can also accept contributions from a third party with Your consent via a Permitted Contribution Method.

  • Each of the parties hereto hereby agrees that the Subordinated Loan shall (a) constitute a Subordinated Obligation under the Loan Agreement, (b) constitute a Permitted Contribution made on the date of this Amendment for a purpose that is hereby consented to by the Lenders and (c) for purposes of Section 2.7(e) of the Loan Agreement, not constitute a Landec Equity Contribution.

  • Clause 10.2 prohibits the trustee from exercising its powers to permit settlement of property unless it constitutes a Permitted Contribution.

  • Such Contributions must be paid by a Permitted Contribution Method within one Business Day of the Date of Receipt of the Dealing File by Us.In the event that monies are not received by the agreed settlement date, then We shall surrender the Units purchased in the appropriate Fund upon the next dealing date of the Fund and shall set off the value of such surrendered Units against the outstanding monies.

  • Each of the parties hereto hereby agrees that the Dock Resins Subordinated Loan shall (a) constitute a "Subordinated Obligation" under the Loan Agreement and the Landec Subordination Agreement, (b) constitute a Permitted Contribution made on the date of this Amendment for a purpose that is hereby consented to by the Lenders and (c) for purposes of Section 2.7(e) of the Loan Agreement, not constitute a Landec Equity Contribution.

  • Clause 1.1.8 Permitted Contribution: “ ‘Permitted Contribution’, in respect of any contribution from the Founder to the trusts hereof, means a payment by the Founder which does not constitute an “Employee Benefit Contribution” (as that phrase is defined in Section 143 and Schedule 24 FA 2003 and Section 245 FA 2004) nor a sum which falls within the provisions of Section 43 FA 1989” .

  • ContributionsNoteholders may provide the Issuer with a cash advance at any time during the Reinvestment Period by way of a Contribution in accordance with Condition 3(d) ( Contributions) which shall be applied towards a Permitted Contribution Use.

  • ContributionsDebt Holders may provide the Issuer with a cash advance at any time during the Reinvestment Period by way of a Contribution in accordance with Condition 3(d) ( Contributions) which shall be applied towards a Permitted Contribution Use.

  • A Permitted Contribution means a contribution by the Founder that is not an Employee Benefit Contribution and clause 10.2 purports to prevent the trustees exercising their powers to permit any settlement of property “unless such settlement of property constitutes a Permitted Contribution”.


More Definitions of Permitted Contribution

Permitted Contribution means a contribution of capital to a wholly owned special purpose Subsidiary of the Borrower consisting solely of (a) residential real estate acquired in connection with the foreclosure of a residential mortgage loan, and (b) no more than $1,000,000 in cash contributed for the purpose of capitalizing the Subsidiary and for use by the Subsidiary in managing the real estate acquired pursuant to clause (a) hereof.
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Permitted Contribution means the proceeds of Further Equity Contributions or Further Subordinated Loan Stock or all or any part of the Surplus Funding or Excess Cash Flow for any previous Financial Year after taking into account any mandatory payments made or to be made under Clause 8.4 (Excess Cash Flow) and any amount of such Excess Cash Flow already used in accordance with this Agreement;
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Permitted Contribution means the assignment by Premier of the Premier USA Ownership Interests to SpinCo pursuant to the Premier Contribution Agreement;
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Related to Permitted Contribution

  • Excluded Contribution means net cash proceeds, marketable securities or Qualified Proceeds received by the Issuer from

  • Accumulated contributions means the sum of all

  • In-kind contribution means a contribution of goods or services received by a candidate committee, joint candidates committee, political committee, continuing political committee, political party committee, or legislative leadership committee, which contribution is paid for by a person or entity other than the recipient committee, but does not include services provided without compensation by an individual volunteering a part of or all of his or her time on behalf of a candidate or committee.

  • Third party in-kind contributions means the value of non-cash contribu- tions provided by non-Federal third parties. Third party in-kind contribu- tions may be in the form of real prop- erty, equipment, supplies and other ex- pendable property, and the value of goods and services directly benefiting and specifically identifiable to the project or program.

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following:

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Initial Contribution means that contribution each Participant has made or agrees to make pursuant to Section 5.1 of the Agreement.

  • Payments in lieu of contributions means the money payments to

  • In-kind contributions means services and goods as approved by the department that are provided by a grant recipient toward completion of a department-approved local snowmobile program under section 82107.

  • Charitable contribution means any donation or gift of money or any other thing of value.

  • Qualified Nonelective Contributions means contributions of the Plan Sponsor or an Affiliate, other than Matching Contributions or Elective Deferrals, which are 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 Code Section 401(k)(2)(B) and the regulations thereunder.

  • Cash Contribution refers to a direct payment of Contribution in Canadian currency.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Member contribution means a contribution under regulation 32;

  • Additional Contribution Each Member's pro-rata portion of a Required Amount, determined by multiplying the Required Amount by each Member's Interest.

  • Qualifying contribution means, with respect to a candidate, a contribution that—

  • Qualified Nonelective Contribution (QNEC) means the Employer's contributions to the Plan that are made pursuant to Sections 12.1(a)(4), 12.5 and 12.7 or pursuant to any other Plan provision which provides for such contributions.

  • Contribution Period means a period in respect of which contributions appropriate to the benefit in question are payable, have been paid or treated as paid under the legislation in question;

  • Excluded Contributions means the Cash Equivalents or other assets (valued at their Fair Market Value as determined in good faith by senior management or the Board of Directors of the Issuer) received by the Issuer after the Issue Date from:

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

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • Contribution Indebtedness means Indebtedness or Disqualified Stock of the Company or any Restricted Subsidiary in an aggregate principal amount not greater than the aggregate amount of cash contributions (other than the proceeds from the issuance of Disqualified Stock or any cash contribution by an Issuer or a Restricted Subsidiary) made to the capital of the Company or a Restricted Subsidiary after the Issue Date (whether through the issuance of Capital Stock or otherwise); provided that such Contribution Indebtedness is incurred within 180 days after the making of the related cash contribution.

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • Qualified Non-Elective Contribution means any Employer contributions made pursuant to Section 4.1(c) and Section 4.6(b) and Section 4.8(f). Such contributions shall be considered an Elective Contribution for the purposes of the Plan and may be used to satisfy the "Actual Deferral Percentage" tests or the "Actual Contribution Percentage" tests.

  • Additional contributions means contributions made by a member of a defined benefit plan to

  • Contribution Date has the meaning set forth in Section 4.3 hereof.