Qualified income definition

Qualified income means income attributable to

Qualified income means, as of any date of calculation, the amount obtained by multiplying (a) 12, by (b) the total actual collections of Rents (to include the then current Rents payable by tenants under Leases (other than the Master Leases) at the Properties) that meet the requirements specified in Section 5.1.20 hereof and under which the tenants are in occupancy and paying current, unabated Rent (excluding interest on credit accounts), prepaid rent and reimbursement revenue), from the last full calendar month prior to such date of calculation, and adding the monthly Rents (and prepaid rent and disbursement revenue) to be paid under any new executed Leases meeting the requirements specified in Section 5.1.20 hereof, so long as the applicable tenant is open for business and paying rent, as evidenced by a rental income deposit receipt and a tenant estoppel. If any Lease by its terms provides for a rent increase within six (6) months of such date of calculation, such increased rent, rather than the rent actually collected in such prior month, shall be utilized in determining “total actual collections of Rents” in clause (b) above.

Qualified income means that part of the consumer’s income, as defined in contract, to which the payment percentage will be applied to determine the amount of a consumer's qualifying payment.

Examples of Qualified income in a sentence

• As used herein, the term "Qualified Income Offset Amount" for a Partner means the excess, if any, of (x) the negative balance a Partner has in its Capital Account following the adjustment, allocation, or distribution described in the preceding sentence, over (y) the maximum amount that it is obligated (or is deemed to be obligated) to restore to the Partnership upon liquidation as determined in accordance with Regulations Sections 1.704-2(f), (g), and (i).

• For purposes of this Article, a Trust Beneficiary's Capital Account shall be treated as reduced by Qualified Income Offset Items.

• The allocations in the last sentence of the first paragraph of Section 14.3 (Losses and Other Items) and Sections 14.4 (Minimum Gain Chargeback), 14.5 (Member Nonrecourse Debt Minimum Gain), 14.6 (Qualified Income Offset), 14.7 (Gross Income Allocation), 14.8 (Nonrecourse Deductions), 14.9 (Member Nonrecourse Deductions) and 14.10 (Code Section 754 Adjustments) (the “Regulatory Allocations”) are intended to comply with certain requirements of the Regulations.

• Notwithstanding the foregoing, the Trust may adjust allocations made to each Holder for income tax purposes to maintain substantial economic effect, or to ensure that such allocations are in accordance with the interests of the Holders’ interest in the Trust, in each case within the meaning of the Code and the Treasury Regulations, and to comply with the Minimum Gain Chargeback, Qualified Income Offset and other relevant provisions of the Treasury Regulations.

• Subject to the "Qualified Income Offset" provisions set forth in Exhibit B, Company Income or Loss for each Accounting Period shall be allocated one hundred percent (100%) to the Capital Accounts of the Members in proportion to their respective Company Percentages.

More Definitions of Qualified income

Qualified income means that part of the consumer’s compensation, however defined, to which the contractual payment percentage will be applied to determine the amount of a consumer's qualifying payment.

Qualified income means that part of the consumer’s compensation, however defined, to which the payment percentage will be applied to determine the amount of a consumer's qualifying payment.

Qualified income means the median annual family income as adjusted for household size, as established by the United States Department of Housing and Urban Development.

Qualified income or this section means a gross income of the family unit less than twenty thousand dollars ($20,000.00) in the year application is made to defer such charges and fees. Such application shall be made in affidavit form to the Superintendent of Water whenever application is made for the issuance of a water tap. After certification to Council, such charges and fees shall be certified in ordinance form to the County Auditor to be placed upon tax duplicate and collected in the same manner as other taxes and assessments over such five year period.

Qualified income for this section means a gross income of the family unit less than twenty thousand dollars ($20,000) in the year application is made to have such charges and fees waived. Such application shall be made in affidavit form to the City Engineer whenever application is made for the issuance of a sewer tap application.

Qualified income means the portion of the overall income eligible for the benefits provided for in this Decree Law;g) “nexus ratio” shall mean the ratio between the costs for research and development activities incurred for the maintenance, improvement and development of the intangible asset eligible under Article 8 of this Decree Law and the total expenditures incurred to produce it;h) “enterprise”, shall mean the taxpayer, specified in par. 1 of art. 3, which applied for the regime provided for by this Decree Law;i) “final report on Action 5 BEPS” shall mean the Final Report issued by the OECD in 2015 entitled Countering Harmful Tax Practices More Effectively, Taking into Account Transparency and Substance.

Qualified income means that part of the borrower's