Recapture definition

Recapture means the withdrawal of CalCAP/ADA Contribution amounts on an annual basis when enrolled loans mature or after sixty (60) months from the date of enrollment, whichever occurs first. Recapture is not applicable for Contributions on charged off loans for which a claim has been approved.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Recapture means the withdrawal of CalCAP/Seismic Safety Contribution amounts on an annual basis when enrolled loans mature or after one-hundred twenty (120) months from the date of enrollment, whichever occurs first. Recapture is not applicable for Contributions on charged off loans for which a claim has been approved.

Recapture means the withdrawal of the Authority's Contributions pursuant to each program's rules set forth in Sections 8073, 8078.11, 8078.18, and 8078.25.

Examples of Recapture in a sentence

• In consideration therefor, the Company hereby agrees that if there shall occur a Recapture Event (as defined below) after the date hereof, the Company shall pay to the Agency, or to the State of New York, if so directed by the Agency (except as otherwise specified below) as a return of public benefits conferred by the Agency, one hundred percent (100%) of the Recaptured Benefits.

• No action taken pursuant to this Section 6.2 (including termination of the Project Agreement) shall relieve the Company from its obligation to make all payments required by the Leaseback Agreement, the Tax Agreement, or Recapture Benefits pursuant to a Recapture Event.

• Prior to such reassignment becoming effective, the Airline shall have a one hundred twenty (120) calendar day period after the date of the Initial Recapture Notice to adjust its schedule to equal or exceed the Utilization SAMPLE Threshold so as not to be subject to such reassignment.

• The Company understands and agrees that the failure to file such annual statement will result in the removal of the Company's authority to act as agent for the Agency and/or Recapture of Agency Benefits as described in Section 4.8 hereof.

• Upon such determination, the CEO will provide the Airline with a written notice (“Initial Recapture Notice”) of the Authority’s intent to recapture such Gate(s).

More Definitions of Recapture

Recapture means the amount of any Writedown given the Purchaser that the City intends to be repaid at a future date, usually not to exceed 20 years from the date of conveyance of the Development Property. The Recapture may be evidenced by a promissory note and secured by a mortgage or other collateral acceptable to the City.

Recapture means the withdrawal of the Authority's Contributions pursuant to eachprogram's rules set forth in Sections 8078.11, 8078.18, and 8078.25.

Recapture means the withdrawal of the Authority’s Contributions pursuant to each program’s rules set forth in Sections 8073, 8078.11, 8078.18, and 8078.25.

Recapture means the recovery or retaking by the Authority from a Purchaser of Long-term Power that exceeds the Purchaser’s needs, for reallocation among other Qualified Entities.

Recapture shall have the meaning set forth in Section 5.13.

Recapture means the recapture of any property or proceeds from a Participant’s sale or other disposition of shares of Common Stock issued pursuant to or in connection with an Award.

Recapture means that portion of the gain on any sale, exchange or other disposition of Partnership property which is characterized as ordinary income by virtue of the recapture rules of Section 1250 or Section 1245 of the Code.