Qualifying Income. Income earned from employment that either requires one’s physical presence in the Telluride X-0 Xxxxxx Xxxxxxxx or that necessitates one’s physical presence in the Telluride X-0 Xxxxxx Xxxxxxxx in order to provide goods or services to residents or visitors in the Telluride X-0 Xxxxxx Xxxxxxxx.
Qualifying Income. The Servicer will assist the Issuer in meeting its responsibility under Section 2.4 of the Indenture and Section 2.11 of the Trust Agreement that at least 90% of the Issuer’s gross income for each taxable year of the Issuer will constitute “qualifying income” under Section 7704(d) of the Internal Revenue Code of 1986, as amended in the form of interest and gains from the receivables and other qualifying income.
Qualifying Income. 54 Recipient..........................................54
Qualifying Income. 7.2 RECIPIENT............................................................................................. 7.2 REIT..................................................................................................
Qualifying Income. With respect to any activities not described in Section 1.3(a), following the MSA Termination Date, the Company shall give LINN at least 15 days prior notice before engaging in any such activity that would reasonably be expected to result in less than 90% of the gross income of the Company constituting “qualifying income” under Section 7704 of the Code during the relevant Fiscal Year, and the Company shall not engage in such activity unless LINN provides its prior written consent, not to be unreasonably withheld, delayed or conditioned.
Qualifying Income. For the twelve-month period ended December 31, 2014 and the six-month period ended June 30, 2015, more than 90% of the gross income (as determined for U.S. federal income tax purposes) of the ETG Business was “qualifying income” within the meaning of Section 7704(d) of the Code.
Qualifying Income. In the 12 month period ended December 31, 2014, more than 90% of the gross income (as determined for federal income tax purposes) of the businesses conducted by DBJV, the Tax Partnership and the DBJV Assets was qualifying income, within the meaning of Section 7704(d) of the Code. The Seller expects that more than 90% of the gross income of the business that is to be conducted by DBJV, the Tax Partnership and the DBJV Assets in 2015 will be such qualifying income, provided that no significant change occurs after the Closing Date with respect to the methods by which the DBJV Assets generate revenue. No action has been taken, or is contemplated, by the Seller or DBJV that is expected to result in a significant change in the methods by which the DBJV Assets generate revenue.
Qualifying Income. At the Effective Date, under U.S. federal income tax law, 90% or more of the gross income that will be generated from the Assets constitutes “qualifying income” within the meaning of Section 7704(d) of the Code.
Qualifying Income. The assets and businesses of the Company Parties currently meet the gross income requirements of Section 7704 (c)(2) of the Internal Revenue Code of 1986, as amended, and are expected to continue to meet such gross income requirements for the taxable year ended December 31, 2007.
Qualifying Income. For U.S. federal income tax purposes, 90% or more of the gross income of EQM for the most recent four complete calendar quarters ending before the Closing Date of the Asset Contribution for which the necessary financial information is available are from sources treated as “qualifying income” within the meaning of Section 7704(d) of the Code. At the time of the consummation of the Asset Contribution, under U.S. federal income tax law, the gross income that will be generated from the Assets constitutes “qualifying income” within the meaning of Section 7704(d) of the Code.
