Future Income definition

Future Income means any future potential source of money, and expressly includes a future pay or salary, pension, or tax refund.
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Future Income means those amounts that Student may receive in the future as income that will serve as the basis for calculating the Payments linked to a Student’s income.
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Future Income means those amounts that Student may receive in the future as income that are used to calculate the Remittances. Such Remittance amounts are hereby sold, pledged, assigned, and/or transferred to Education Equity pursuant to this Agreement.
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Examples of Future Income in a sentence

  • This Agreement is not a sale, pledge, or assignment of your Future Income and Funder does not have a right under this Agreement to redirect, levy, or garnish any amounts that you receive from your employer or any other sources of income.

  • You are, however, contractually obligated to make all Payments, including those that are calculated based upon your Future Income.

  • Payments linked to the Student’s Future Income are due during this period, and student should make such payments according to the process outlined in the following section.

  • You are, however, contractually obligated to make the Remittances, as calculated based upon your Future Income.

  • This Agreement is not a sale, pledge, or assignment of your Future Income and Education Equity does not have a right under this Agreement to redirect, levy, or garnish any amounts that you receive from your employer or any other sources of income.

  • Because this Agreement is based on Student's Future Income, Funder will not "accelerate" any amounts that are owed in the event that Student fails to make the Payment payments or fails to provide required information (both, events of default under this Agreement).

  • If the Student does not notify the Servicer within fourteen (14) days of an change in employment status, the Student will be liable for Future Income Remittances during the time between when he or she became Unemployed or Disabled and notification to the Servicer, based on his or her Personal Income level prior to the adverse event.

  • Upon these terms, and subject to the conditions set forth in this Agreement, Student issues and sells to Education Equity, and Education Equity purchases from Student the Remittance rights in the Future Income, free and clear of any liens (other than restrictions on transfer of securities under applicable U.S. state and federal securities laws).

  • If a governmental agency or two doctors determine that Student is Disabled all Future Income Remittance obligations under this Agreement shall cease and the Agreement shall terminate.

  • Because this Agreement is based on your Future Income, neither Education Equity, nor the Investor, will "accelerate" any amounts that are owed in the event that you fail to make the Remittance payments or fail to provide required information (both, events of default under this Agreement).

Related to Future Income

  • 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.

  • Moderate Income means more than 50 percent but less than 80

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Adjusted Income means, with respect to a HOME Development, the gross income from wages, income from assets, regular cash or noncash contributions, and any other resources and benefits determined to be income by HUD, adjusted for family size, minus the deductions allowable under 24 CFR §5.611.

  • Net Income (Loss) means with respect to any Person and for any period, the aggregate net income (or loss) after taxes of such Person for such period, determined in accordance with GAAP.

  • Moderate-income unit means a restricted unit that is affordable to a moderate-income household.

  • Median income means the median income by household size for the applicable housing region, as adopted annually by COAH or a successor entity approved by the Court.

  • Tax Attributes means net operating losses, capital losses, investment tax credit carryovers, earnings and profits, foreign tax credit carryovers, overall foreign losses, previously taxed income, separate limitation losses and any other losses, deductions, credits or other comparable items that could reduce a Tax liability for a past or future taxable period.

  • Tax Benefit means any refund, credit, or other reduction in otherwise required Tax payments.

  • Taxable means either:

  • Nonqualifying Income means any amount that is treated as gross income for purposes of Section 856 of the Code and which is not Qualifying Income.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • MUNICIPAL TAXABLE INCOME means the following:

  • Net Revenue Interest means, with respect to any Property, the interest in and to all Hydrocarbons produced, saved, and sold from or allocated to such Property after giving effect to all royalties, overriding royalties, production payments, carried interests, net profits interests, reversionary interests, and other burdens upon, measured by, or payable out or production therefrom.

  • Income means the following:

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Corporation receives from portfolio companies) accrued during the calendar quarter, minus the Corporation’s operating expenses for the quarter (including the Base Management Fee, expenses reimbursed to the Adviser under this Agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the Incentive Fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Corporation has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

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

  • Per capita income means the average for the most recent three years for

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • Tax Benefits means the net operating loss carryovers, capital loss carryovers, general business credit carryovers, alternative minimum tax credit carryovers and foreign tax credit carryovers, as well as any loss or deduction attributable to a “net unrealized built-in loss” within the meaning of Section 382 of the Code and the Treasury Regulations promulgated thereunder, of the Company or any of its Subsidiaries.

  • Earnings means all moneys whatsoever which are now, or later become, payable (actually or contingently) to the Borrower or the Security Trustee and which arise out of the use or operation of the Ship, including (but not limited to):

  • Consolidated Net Income (Loss) of any Person means, for any period, the Consolidated net income (or loss) of such Person and its Subsidiaries for such period on a Consolidated basis as determined in accordance with GAAP, adjusted, to the extent included in calculating such net income (or loss), by excluding, without duplication, (i) all extraordinary gains or losses (exclusive of all fees and expenses relating thereto), (ii) the portion of net income (or loss) of such Person and its Subsidiaries on a Consolidated basis allocable to minority interests in unconsolidated Persons to the extent that cash dividends or distributions have not actually been received by such Person or one of its Subsidiaries, (iii) net income (or loss) of any Person combined with such Person or any of its Subsidiaries on a “pooling of interests” basis attributable to any period prior to the date of combination, (iv) any gain or loss, net of taxes, realized upon the termination of any employee pension benefit plan, (v) net gains (or losses) (except for all fees and expenses relating thereto) in respect of dispositions of assets other than in the ordinary course of business, (vi) the net income of any Subsidiary to the extent that the declaration of dividends or similar distributions by that Subsidiary of that income is not at the time permitted, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary or its stockholders, (vii) any gain arising from the acquisition of any securities, or the extinguishment, under GAAP, of any Indebtedness of such Person, (viii) transaction costs charged in connection with the Refinancing, or (ix) amortization of intangible assets of such Person and its Subsidiaries on a consolidated basis under GAAP.

  • Net Profits and “Net Losses” for any Fiscal Year or other period shall mean, respectively, an amount equal to the Company’s taxable income or loss for such Fiscal Year or other period as determined for federal income tax purposes by the Managing Member, 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:

  • Tax Credits means the low-income housing tax credits found in Section 42 of the Code, and all rules, regulations, rulings, notices and other promulgations thereunder.