Qualifying Expense definition

Qualifying Expense means, in respect of a member, an expense which falls within the definition thereof at Regulation 4(2), and which is either a Property Damage Expense, a Business Interruption Expense, a Money Expense, a Goods in Transit Expense, an Engineering Expense, a Fidelity Guarantee Expense or a Contract Works Expense save where in each case a General Exception applies
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Qualifying Expense means a Qualifying Dependent Care Expense or Qualifying Medical Care Expense.
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Qualifying Expense means CEE which is incurred on or after the Closing Date and on or before the Termination Date which may be renounced by the Corporation pursuant to subsections 66(12.6) or (12.66) of the Tax Act with an effective date not later than December 31, 2010 and in respect of which, but for the renunciation, the Corporation would be entitled to a deduction from income for income tax purposes;
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Examples of Qualifying Expense in a sentence

  • A claim may be submitted before or after the Participant has paid a Qualifying Expense, but not before the Expense has been incurred.

  • A Participant shall obtain reimbursement of a Qualifying Expense by submitting a claim on a form provided by the Plan.

  • A Qualifying Expense shall be deemed incurred at the time the services giving rise to the Expense are rendered.

  • The Administrator may, at its option, pay any Qualifying Expense directly to the person providing or supplying the services that gave rise to the Expense, in lieu of reimbursing the Participant.

  • A description of the Qualifying Expense, the amount of the Expense and the date on which the Expense was incurred.

  • The Company shall not be subject to the provisions of subsection 66(12.67) of the ITA in a manner which impairs its ability to renounce Qualifying Expense to the Purchaser in an amount equal to the Flow-Through Funds.

  • The term “Covered Dependent” with respect to any Retired Participant means an individual to whom the Retired Participant is legally married (excluding a “common-law” spouse) or who qualifies as a dependent child of the Retired Participant under the State’s health plans at the time the Qualifying Expense is incurred, and the spouse and dependent children of deceased Retired Participants.

  • Without prejudice to the foregoing, the Administrator shall have the right, on behalf of the Member, to exercise any right which arises whether by virtue of a contract or otherwise in connection with a Qualifying Expense, including in particular, the right to select, instruct and de-instruct legal and other advisers and agree the terms of their retainer, and any right to raise claims or defences, and/or to bring proceedings.

  • Borrower and Noteholder agree that the proceeds of the Note may only be used for the purpose of funding Borrower’s audit and accounting costs related to the Transaction and other Transaction-related expenses (“Qualifying Expenses”) as may be mutually agreed by the parties hereto, which shall be drawn against the presentation of an invoice for each Qualifying Expense, subject to the acceptance and approval of the Noteholder in each case, in the Noteholder’s sole discretion.

  • First, we believe the term Qualifying Expense should be defined in the Glossary.


More Definitions of Qualifying Expense

Qualifying Expense means the total amount of money charged for the cost of an eligible student to attend an eligible school including, but not limited to, fees for attending the school, textbook fees, tutoring, and/or transportation to and from school that is provided by the school. These costs may not be in excess of what is currently provided.
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Qualifying Expense means one or more of the following education-related expenses for which the
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Qualifying Expense means premiums (including amounts paid as premiums under part B of title XVIII of the Social Security Act, relating to supplementary medical insurance for the aged), and contributions under a fully-insured policy or self-funded plan or program providing group or individual coverage of the Retired Participant and/or his Covered Dependents covering medical care as defined in Code Section 213(d)(1)(A) and (B) for medical, dental and vision benefits, and premiums for tax-qualified long-term care insurance (subject to the limitations in Code Section 213(d)(10)). However, any expenses (i) paid, reimbursed or reimbursable by any insurance, accident, health or workers’ compensation plan; (ii) paid, reimbursed or reimbursable under a Code Section 125 plan; (iii) incurred while the individual is neither a Retired Participant nor a Covered Dependent; or (iv) the individual is not legally obligated to pay, will not be treated as Qualifying Expenses. Expenses for the purchase of a policy, plan or program providing coverage for expenses in addition to medical care (as defined in Code Section 213(d)), will be Qualifying Expenses only to the extent that such expenses are directly related to the cost of the medical care component of the policy, plan or program. In addition, the cost for the medical care component of the policy, plan or program must be reasonable for the type and amount of coverage purchased, as determined by the
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Qualifying Expense or “Qualifying Expenses” means costs that are contractually committed for the benefit of the Company or are expenditures by a Member properly chargeable to the Business Account under Exhibit B.
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Qualifying Expense means an expense for an educational
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Qualifying Expense means an expense of a kind described in regulation 4(1) and (2);
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Related to Qualifying Expense

  • qualifying expenditure means, in respect of any Accounting Year or Accounting Half- Year, the aggregate of the costs, expenses and fees described in paragraph 1 of Annex 2 which are incurred during that Accounting Year or Accounting Half-Year, calculated in accordance with paragraphs 2 and 3 of Annex 2;

  • Qualifying Expenditures means those expenditures for energy conservation measures that have a simple payback period of not less than one year and not more than 10 years and expenditures for the above-market costs of new renewable energy resources, provided that the Oregon Department of Energy may establish by rule a limit on the maximum above-market cost for renewable energy that is allowed as a credit.

  • Qualifying exigency means a situation where the eligible employee seeks leave for one or more of the following reasons:

  • Covered Expense means expense incurred only for the following:

  • Qualifying Examination means examinations on the basis of which a candidate becomes eligible for admission or its equivalent examination;

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

  • Pre-Opening Expenses means, with respect to any fiscal period, the amount of expenses (other than interest expense) incurred with respect to capital projects that are classified as “pre-opening expenses” on the applicable financial statements of the Company and its Restricted Subsidiaries for such period, prepared in accordance with U.S. GAAP.

  • Qualifying year means the calendar year to which the qualifying certificate applies.

  • Offering Expenses means in respect of each Series, the following fees, costs and expenses allocable to such Series or such Series pro rata share (as determined by the Allocation Policy, if applicable) of any such fees, costs and expenses allocable to the Company incurred in connection with executing the Offering, consisting of underwriting, legal, accounting, escrow and compliance costs related to a specific offering. Officers means any president, vice president, secretary, treasurer or other officer of the Company or any Series as the Managing Member may designate (which shall, in each case, constitute managers within the meaning of the Delaware Act).

  • Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal income taxes (including without limitation Texas franchise taxes) paid or due to be paid during such period.

  • REIT Expenses means (i) costs and expenses relating to the formation and continuity of existence and operation of the General Partner and any Subsidiaries thereof (which Subsidiaries shall, for purposes hereof, be included within the definition of General Partner), including taxes, fees and assessments associated therewith, any and all costs, expenses or fees payable to any director, officer, or employee of the General Partner, (ii) costs and expenses relating to any public offering and registration of securities by the General Partner and all statements, reports, fees and expenses incidental thereto, including, without limitation, underwriting discounts and selling commissions applicable to any such offering of securities, and any costs and expenses associated with any claims made by any holders of such securities or any underwriters or placement agents thereof, (iii) costs and expenses associated with any repurchase of any securities by the General Partner, (iv) costs and expenses associated with the preparation and filing of any periodic or other reports and communications by the General Partner under federal, state or local laws or regulations, including filings with the Commission, (v) costs and expenses associated with compliance by the General Partner with laws, rules and regulations promulgated by any regulatory body, including the Commission and any securities exchange, (vi) costs and expenses associated with any 401(k) plan, incentive plan, bonus plan or other plan providing for compensation for the employees of the General Partner, (vii) costs and expenses incurred by the General Partner relating to any issuing or redemption of Partnership Interests, and (viii) all other operating or administrative costs of the General Partner incurred in the ordinary course of its business on behalf of or in connection with the Partnership.

  • Qualifying project means (i) any education facility, including, but not limited to a school building, any functionally related and subordinate facility and land of a school building (including any stadium or other facility primarily used for school events), and any depreciable property provided for use in a school facility that is operated as part of the public school system or as an institution of higher education; (ii) any building or facility that meets a public purpose and is developed or operated by or for any public entity; (iii) any improvements, together with equipment, necessary to enhance public safety and security of buildings to be principally used by a public entity; (iv) utility and telecommunications and other communications infrastructure; (v) a recreational facility; (vi) technology infrastructure and services, including, but not limited to, telecommunications, automated data processing, word processing and management information systems, and related information, equipment, goods and services; (vii) any technology, equipment, or infrastructure designed to deploy wireless broadband services to schools, businesses, or residential areas; or (viii) any improvements necessary or desirable to any unimproved locally- or state-owned real estate.

  • Basic living expenses means the cost of basic food, shelter, and any other expenses of a Domestic Partner which are paid at least in part by a program or benefit for which the partner qualified because of the Domestic Partnership. The individuals need not contribute equally or jointly to the cost of these expenses as long as they agree that both are responsible for the cost.

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance, and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.

  • Qualifying Property means a primary residence that a qualified applicant owned and occupied

  • Covered Expenses means expenses actually incurred by or on behalf of a Covered Person for treatment, services and supplies covered by the Policy. Coverage under the Participating Organization’s Policy must remain continuously in force from the date of the Covered Accident or Sickness until the date treatment, services or supplies are received for them to be a Covered Expense. A Covered Expense is deemed to be incurred on the date such treatment, service or supply, that gave rise to the expense or the charge, was rendered or obtained.

  • Qualifying Event means, during the Participant’s Services with the Company and its Affiliates, the Participant’s death or Disability.

  • Qualified disability expenses means that term as defined in section 529A of the internal revenue code.

  • Qualifying loss means the amount of compensation attributable to a taxpayer’s nonqualified deferred compensation plan, less the receipt of money and property attributable to distributions from the nonqualified deferred compensation plan. Full loss is sustained if no distribution of money and property is made by the nonqualified deferred compensation plan. The taxpayer sustains a qualifying loss only in the taxable year in which the taxpayer receives the final distribution of money and property pursuant to that nonqualified deferred compensation plan.

  • Qualifying Dependent means, for Dependent Care Flexible Spending Account purposes,

  • Marketing Expenses means the sum of Marketing Management Expenses, Advertising and Market Research Expenses and Education Expenses.

  • Public expense means that the LEA either pays for the full cost of the evaluation or ensures that the evaluation is otherwise provided at no cost to you, consistent with the provisions of Part B of the IDEA, which allow each State to use whatever State, local, Federal and private sources of support are available in the State to meet the requirements of Part B of the Act.

  • Taxable Wage Base means, with respect to any Plan Year, the contribution and benefit base under Section 230 of the Social Security Act at the beginning of such Plan Year.

  • Qualifying patient means a person who:

  • Restructuring Expenses means losses, expenses and charges incurred in connection with restructuring by U.S. Borrower and/or one or more of its Subsidiaries, including in connection with integration of acquired businesses or persons, disposition of one or more Subsidiaries or businesses, exiting of one or more lines of businesses and relocation or consolidation of facilities, including severance, lease termination and other non-ordinary-course, non-operating costs and expenses in connection therewith.

  • Qualified expenses means lost wages not compensated by sick pay and unreimbursed medical expenses as defined for federal income tax purposes, to the extent not deducted in computing federal taxable income, whether or not the taxpayer itemizes federal income tax deductions.