Recapture Events definition

Recapture Events means the following:
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Recapture Events means any of the events listed on Exhibit F attached hereto.
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Examples of Recapture Events in a sentence

  • The Owner agrees to repay to the City the Repayment Amount if one or more of the following Recapture Events occurs before the end of the recapture period: • the Owner sells, conveys or transfers title to the Home for consideration;• The Owner refinances the Home in a manner such that it is not a Permitted Refinancing (as defined below).

  • BONUS AMOUNT SUBJECT TO RECAPTURE: The amount applicable to each Bonus Amount which We can deduct from the Total Account Value upon the occurrence of any of the recapture events described under Recapture Events And Amount on the Bonus Endorsement Schedule.

  • Each Guarantor acknowledges that it is capable of informing itself with respect to NMTC Recapture Events.

  • Any action under this Article VI shall not serve to limit or deprive Florida Housing or the Treasury in or from the exercise of any other rights and remedies that they have under law or equity, or any rights and remedies provided herein with respect to Events of Default or Recapture Events.

  • Any action under this Article VI shall not serve to limit or deprive Florida Housing in or from the exercise of any other rights and remedies that it has under law or equity, or any rights and remedies provided herein with respect to Events of Default or Recapture Events.

  • How We determine the amount deducted, and when and how such amount is deducted are described under Recapture Events And Amount on the Bonus Endorsement Schedule.

  • Upon the occurrence of any of the Recapture Events, the Agency may, upon at least ten (10) calendar days written notice to the Company, hold a hearing before the Chair or other designated party at which the Company will have the opportunity to provide, or explain its failure to provide, the information requested by the Agency.

  • The NCIDA has a Uniform Tax Exemption Policy (“UTEP”) on Recapture Events that states it may require the project to remit to the Agency a return of benefits conferred by the Agency in accordance with the Recapture Schedule36.

  • Wenzel, Deputy Commissioner of Internal Revenue.(Filed by the Office of the Federal Register on October 4, 2002, 8:45 a.m., and published in the issue of the Federal Reg- ister for October 7, 2002, 67 F.R. 62417)Dual Consolidated Loss Recapture Events; Correction Announcement 2002–100AGENCY: Internal Revenue Service (IRS), Treasury.ACTION: Notice of proposed rulemaking and notice of public hearing.

  • Emissions Tier Recapture Events Under Section 48(a)(15)(E) Proposed § 1.48–15(f)(1), would provide that, for purposes of section 48(a)(15)(E), in any taxable year of the recapture period specified in proposed § 1.48–15(f)(3) in which an emissions tier recapture event (as defined in proposed § 1.48–15(f)(2)) occurs, the tax imposed on the taxpayer under chapter 1 of the Code for the taxable year of the emissions tier recapture event is increased by the recapture amount specified in proposed § 1.48–15(f)(4).

Related to Recapture Events

  • Recapture Event means any of the following events:

  • Recapture Income means any gain recognized by the Partnership (computed without regard to any adjustment required by Section 734 or Section 743 of the Code) upon the disposition of any property or asset of the Partnership, which gain is characterized as ordinary income because it represents the recapture of deductions previously taken with respect to such property or asset.

  • Forfeiture Event means the occurrence of at least one of the following (a) the Company is required, pursuant to a determination made by the Securities and Exchange Commission or by the Board, or an authorized subcommittee of the Board, to prepare a material accounting restatement due to the noncompliance of the Company with any financial reporting requirement under applicable securities laws as a result of misconduct, and the Board determines that (1) the Participant knowingly engaged in the misconduct, (2) the Participant was grossly negligent with respect to such misconduct or (3) the Participant knowingly or grossly negligently failed to prevent the misconduct or (b) the Board concludes that the Participant engaged in fraud, embezzlement or other similar misconduct materially detrimental to the Company.

  • Net Termination Loss means, for any taxable year, the sum, if negative, of all items of income, gain, loss or deduction recognized by the Partnership after the Liquidation Date. The items included in the determination of Net Termination Loss shall be determined in accordance with Section 5.5(b) and shall not include any items of income, gain or loss specially allocated under Section 6.1(d).

  • Net Termination Gain means, for any taxable year, the sum, if positive, of all items of income, gain, loss or deduction recognized by the Partnership after the Liquidation Date. The items included in the determination of Net Termination Gain shall be determined in accordance with Section 5.5(b) and shall not include any items of income, gain or loss specially allocated under Section 6.1(d).

  • Tax Loss means the taxable income or tax loss of the Trust, determined in accordance with Section 703(a) of the Code, for each Fiscal Year as determined for federal income tax purposes, together with each of the Trust's items of income, gain, loss or deduction which is separately stated or otherwise not included in computing taxable income and tax loss.

  • Recapture Period means, with respect to any Project, the period from the date such Project is Placed in Service through the fifth anniversary of such date.

  • Work loss means loss of income from work the injured victim would have performed if the injured victim had not been injured and expenses reasonably incurred by the injured victim in obtaining services in lieu of those the injured victim would have performed for income,

  • Base Year means the period set forth in Section 5 of the Summary.

  • Tax Items shall have the meaning set forth in Section 6.4.A.

  • 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.

  • Triggering Events means Triggering Event I, Triggering Event II and Triggering Event III, collectively.

  • Gain means a gain of any property, whether temporary or permanent, and includes the keeping by a person of any property that he or she already has;

  • Net Loss means, for each fiscal year or other applicable period, an amount equal to the Partnership’s taxable income or loss for such year or period as determined for federal income tax purposes by the General Partner, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a) of the Code shall be included in taxable income or loss), adjusted as follows:

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Terminating Event means any of the following events:

  • Catastrophic Event means a rare circumstance in which mass casualties and/or significant property damage has occurred or is imminent (e.g. September 11th, hurricanes, earthquakes greater than 6.1 on the Richter scale)

  • Tax Detriment means any item of income, gain, recapture of credit or any other Tax Item which increases Taxes paid or payable.

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

  • Recapture Amount means, with respect to any Employment Violation by Grantee, the gross gain realized or unrealized by Grantee upon all vesting of Restricted Share Units or delivery or transfer of Vested Shares during the Look-back Period with respect to such Employment Violation, which gain shall be calculated as the sum of:

  • Data Loss Event means any event that results, or may result, in unauthorised access to Personal Data held by the Contractor under this Agreement, and/or actual or potential loss and/or destruction of Personal Data in breach of this Agreement, including any Personal Data Breach.

  • Extraordinary Events Any of the following conditions with respect to a Mortgaged Property (or, with respect to a Cooperative Loan, the Cooperative Apartment) or Mortgage Loan causing or resulting in a loss which causes the liquidation of such Mortgage Loan:

  • Tax area means a geographic area created by the overlapping boundaries of one or more taxing entities.

  • Credit Event Net Loss With respect to any Credit Event Reference Obligation, an amount equal to the excess, if any, of (a) the sum of: (i) the related Credit Event UPB; (ii) the total amount of prior principal forgiveness modifications, if any, on the related Credit Event Reference Obligation; and (iii) delinquent accrued interest thereon, calculated at the related Current Accrual Rate from the related last paid interest date through the date Freddie Mac determines such Reference Obligation has been reported as a Credit Event Reference Obligation, over (b) the related Net Liquidation Proceeds.

  • Sharing Event means (i) the occurrence of any Event of Default with respect to any Borrower pursuant to Section 12.05, (ii) the declaration of the Total Revolving Loan Commitment termination, or the acceleration of the maturity of any Revolving Loans, in each case pursuant to the last paragraph of Section 12 or (iii) the failure of any Borrower to pay any principal of, Face Amount of, or interest on, Revolving Loans or any Letter of Credit Obligations on the Maturity Date.

  • Basis Adjustment means a Purchase Basis Adjustment or an Exchange Basis Adjustment.