Recharacterization shall have the meaning specified in Section 2.6.
Recharacterization has the meaning set forth in Section 13.14(c).
Recharacterization means a judgment or order by a court of competent jurisdiction that Sellers’ right, title and interest in, to and under the License Agreements and the Assigned Rights were not fully sold, assigned and transferred to Buyer pursuant to, as contemplated by, and subject to the provisions of this Agreement and the Assignment, but instead that such transaction(s) constituted a loan and security device.
Examples of Recharacterization in a sentence
Section 11.09 Recharacterization...........................................
Recharacterization requests must be made in a form and manner acceptable to the Custodian.
Recharacterization of one of our loans as equity for U.S. federal income tax purposes generally would require us to include our share of the gross assets and gross income of the borrower in our REIT asset and income tests.
For more information, please visit the IRS web site www.irs.gov using the search term “IRA FAQs – Recharacterization of Roth Rollovers and Conversions”.
Recharacterization of a contribution is irrevocable and must be completed on or before the due date, including extensions, for filing your federal income tax return for the tax year for which the contribution was originally made.
More Definitions of Recharacterization
Recharacterization shall have the meaning set forth in the recitals to the Intercreditor Agreement. “Regulatory Agency” shall mean a Governmental Authority with responsibility for the approval of the marketing and sale of surgical implants or other regulation of surgical implants. “Regulatory Approvals” shall mean all approvals (including, without limitation, where applicable, pricing and reimbursement approval and schedule classifications), product and/or establishment licenses, registrations or authorizations of any Governmental Authority necessary for the manufacture, use, storage, import, export, transport, offer for sale, or sale of any of the Products. “Remedies Event” shall mean (x) a Bankruptcy Event, (y) a failure by the Company to make a payment pursuant to Section 2,01, Section 2.02 or Section 2.03, provided that no such failure shall constitute a Remedies Event unless such failure shall remain uncured for thirty (30) days or (z) an Event of Default (as defined in the MidCap Credit Facility) under the MidCap Credit Facility. “Royalty Interests” shall mean the right to receive on a monthly basis cash in an amount equal to the product of the Applicable Royalty Percentage multiplied by the Net Sales Proceeds during the Term, pursuant to the terms and conditions of this Agreement. For the avoidance of doubt, Royalty Interests shall not constitute accounts or payment intangibles (as each term is defined in the UCC) giving rise to such cash amounts. “Royalty Related Collateral” means (a) any accounts (as defined in Article 9 of the UCC) with respect to the Products and the proceeds of such accounts, (b) the Special Account, (c) any intellectual property acquired by the Company from the Seller and necessary for the production, marketing or sale of the Products, including those set forth on Schedule B hereto and (c) any Equipment and Inventory (as defined in Article 9 of the UCC) used in connection with the production of any Product. “Sale Transaction” shall have the meaning set forth in the Recitals. “SEC” shall mean the U.S. Securities and Exchange Commission.
Recharacterization shall have the meaning set forth in the recitals to the Intercreditor Agreement.
Recharacterization refers to a transaction effected by a “trustee-to-trustee” transfer between two types of IRA accounts (or between two types of IRA accounts held by the same trustee or custodian) whereby a contribution to one type of IRA (the “First IRA”) plus the earnings attributable to it, are directly transferred to, and treated as if made to, another type of IRA (the “Second IRA”). A contribution that is recharacterized to a Second IRA is treated as having been originally contributed to the Second IRA on the same date and for the same taxable year that the contribution was made to the First IRA. No deduction is allowed for a recharacterized contribution and any net income transferred with the recharacterized contribution is treated as earned income in the Second IRA. The election to recharacterize a contribution is irrevocable. In addition, a recharacterized contribution is not treated as a rollover contribution for purposes of the 12-month restriction. The recharacterization process allows you to, in effect, move a regular contribution that you made to your Traditional IRA to a Xxxx XXX and vice versa. You might do this upon determining that the contribution you made to your Traditional IRA is not deductible and therefore you would prefer that it be in a Xxxx XXX for tax purposes. Due to the 2017 Tax Cuts and Job Act, effective January 1, 2018, conversions into a Xxxx XXX can no longer be recharacterized. Implementing and Reporting a Recharacterization Election: To recharacterize a contribution, you must first notify the IRA trustees/ custodians of the First and Second IRAs involved, of your intent. You must generally provide this notification and effect the transfer prior to the date (including extensions) for filing your federal income tax return for the taxable year for which you made the contribution to the First IRA in the case of regular IRA contributions or in which you made the contribution in the case of rollover/conversion contributions. The notification to the IRA trustees/custodians must include specific information as to the type and amount of the contribution being recharacterized, the date of the original contribution to the First IRA, the taxable year for which the contribution was made, if applicable, and the earnings attributable to the contribution. The earnings attributable to a contribution being recharacterized must be calculated in accordance with the regulations issued by the IRS. Recharacterizations Not Permitted for Employer SEP and SIMPLE C...
Recharacterization means a judgment or order by a court of competent jurisdiction that Seller’s right, title and interest in, to and under the Checkmate License Agreement and the Purchased Royalty Payments were not fully sold, assigned and transferred to Purchaser pursuant to, as contemplated by, and subject to the provisions of this Agreement and the Bill of Sale, but instead that such transaction(s) constituted a loan and security device.
Recharacterization means a judgment or order by a court of competent jurisdiction that Seller’s right, title and interest in, to and under the Bayer License Agreement or a Non-Bayer License Agreements, as applicable, and the Subject Assets were not fully sold, assigned and transferred to Purchaser pursuant to, as contemplated by, and subject to the provisions of this Agreement and the Bill of Sale, but instead that such transaction(s) constituted a loan and security device.
Recharacterization. As defined in Section 40.15.
Recharacterization shall have the meaning specified in Section 2.6. “Records” shall mean all Credit Agreements and other documents, books, records and other information (including, without limitation, the original or a copy of the credit application fully executed by the Obligor, the file stamped copy of the relevant UCC financing statements, if any, or such other documents that the Transferor or Xxxxx or its affiliates shall keep on file, in accordance with its customary procedures, computer programs, tapes, discs, punch cards, data processing software and related property and rights) maintained by the Servicer or the Transferor with respect to the Transferred Receivables and the related Obligors. -41- 00000000 T-Mobile (EIP) Third A&R RPAA NJ 231109207v1 736153181 19632398