Contingent Payment Regulations definition
Examples of Contingent Payment Regulations in a sentence
A range of disciplinary actions may be taken by the Board if there is a finding of unsatisfactory professional conduct or professional misconduct.The purpose of an investigation is to determine if there has been ‘unsatisfactory professional conduct’ or ‘professional misconduct’ as defined in the BP Act and to determine whether the certifier’s conduct was unreasonable.Under the BP Act, complaints must be investigated as expeditiously as possible, especially where there may be a threat to public safety.
Any gain or loss generally will be capital gain or loss (subject to the market discount rules discussed below), unless the New Secured Note is subject to the Contingent Payment Regulations and is sold or otherwise disposed of when there are remaining contingent payments due on the note under the projected payment schedule.
Moreover, if the Contingent Payment Regulations discussed above do not apply, a holder may elect to deduct any bond premium over the period from its acquisition of such note to the maturity date of such note (or, if it results in a smaller amount of amortizable bond premium, until an earlier call date), but not in excess of the qualified stated interest.
Holders are strongly urged to consult their tax advisors with respect to the application of the Contingent Payment Regulations described above to the New Secured Term Notes.
Under the Contingent Payment Regulations, Acterna LLC must construct a projected payment schedule for the New Secured Term Notes and holders generally must recognize all interest income with respect to a note on a constant yield basis based on this projected payment schedule, subject to certain adjustments if actual contingent payments differ from those projected.