INCOME FROM ASSETS Sample Clauses

INCOME FROM ASSETS. 1. Income from assets is determined by exempting the first $10,000.00 from total assets and computing the balance at a percentage per annum2 as may be set from time to time by BC Housing.
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INCOME FROM ASSETS. From the verification documentation obtained relating to each asset source, list the gross amount anticipated to be received during the twelve months from the effective date of the certification. If individual household member ownership of assets is provided, list the respective household member number from Household Composition and complete a separate line for each member. Column [F] List the type of asset (i.e., checking account, savings account, etc.) Column [G] Enter the cash value of the respective asset. Column [H] Enter anticipated annual income from the asset (i.e., savings account balance multiplied by annual interest rate). TOTALS Add the total of Column [G] and Column [H] respectively. If the total in Column [G] is greater than $5,000, you must do an imputed calculation of asset income. Enter the Total Cash Value, multiply by .06%, and enter the amount in [I] Imputed Income. Xxxxxxx Ranch – Affordable Units Affordable Housing Implementation Plan Row [J] Enter the greater of the totals from Columns [H] and [I] Row [K] Total Annual Household Income from All Sources - Add [E] and [J] and enter the Total After all verifications of income and/or assets have been received and calculated, each household member age 18 or older must sign and date the Tenant Income Certification. For move-in, it is recommended that the Tenant Income Certification be signed no earlier than 5 days prior to the effective date of the certification.
Sample 1
INCOME FROM ASSETS. With respect to Section 3 of this Schedule A, “Income from Assets” means computing income from assets of all persons intending to live in the Affordable Housing Unit but excluding the first ten thousand dollars ($10,000) of income from assets earned by such person or such other greater dollar figure as the Local Trust Committee or its designate may specify from time to time.
Sample 1
INCOME FROM ASSETS. With respect to Section 5(i) of this Schedule A, “Income from Assets” means computing income from assets of all persons intending to live in the Affordable Housing Unit but excluding the first ten thousand dollars ($10,000) of income from assets earned by such person or such other greater dollar figure as the Trust Committee may specify from time to time. Easement C27765 1. At the time of initial construction or replacement, each Affordable Housing Unit shall be equipped with the following: (a) an individual water meter and individual North Salt Spring Water District billing for water consumed by that unit; (b) low flush toilets (maximum 6 litres per flush) and shower/faucet flow restrictors; and (c) water efficient appliances. 2. The development scheme approved for the Project Lands shall include a water-efficient landscaping plan including elements such as indigenous, drought resistant plantings, minimal lawn areas and rainwater catchment measures. 3. Individual exterior hose bibs are not permitted. 4. Each Affordable Housing Unit shall be inspected for water leaks by a qualified house inspector at the time of resale.
Sample 1

Related to INCOME FROM ASSETS

  • INCOME FROM IMMOVABLE PROPERTY 1. Income derived by a resident of a Contracting State from immovable property (including income from agriculture or forestry) situated in the other Contracting State may be taxed in that other State. 2. The term "immovable property" shall have the meaning which it has under the law of the Contracting State in which the property in question is situated. The term shall in any case include property accessory to immovable property, livestock and equipment used in agriculture and forestry, rights to which the provisions of general law respecting landed property apply, usufruct of immovable property and rights to variable or fixed payments as consideration for the working of, or the right to work, mineral deposits, sources and other natural resources; ships and aircraft shall not be regarded as immovable property. 3. The provisions of paragraph 1 shall apply to income derived from the direct use, letting, or use in any other form of immovable property. 4. The provisions of paragraphs 1 and 3 shall also apply to the income from immovable property of an enterprise and to income from immovable property used for the performance of independent personal services.

  • Sale Proceeds The proceeds of sale of any new Series of Notes shall be wired to the Collection and Funding Account, and the Indenture Trustee shall disburse such sale proceeds at the direction of the Administrator on behalf of the Issuer, except to the extent such funds are needed to satisfy the Collateral Test. The Administrator on behalf of the Issuer may direct the Issuer to apply such proceeds to reduce pro rata based on Invested Amounts, the VFN Principal Balance of any Classes of Variable Funding Notes, or to redeem any Series of Notes in accordance with Section 13.1. In the absence of any such direction, the proceeds of such sale shall be distributed to the Depositor or at the Depositor’s direction on the Issuance Date for the newly issued Notes. The Administrator shall deliver to the Indenture Trustee a report demonstrating that the release of sale proceeds pursuant to the Issuer’s direction will not cause a failure of the Collateral Test, as a precondition to the Indenture Trustee releasing such proceeds.

  • Total Assets Based on total assets at period end. Used primarily to allocate costs associated with the oversight and safeguarding of corporate assets. This would include services provided by financial management and certain finance functions, among others. Also used when the services provided are driven by the relative size and complexity of the System Companies and there is no functional relationship between the services and any other available allocation formula. Based on the number of bank accounts at period end. Used for the allocation of costs associated with daily cash management activities.

  • Investment Assets Those assets of the Fund as the Advisor and the Fund shall specify in writing, from time to time, including cash, stocks, bonds and other securities that the Advisor deposits with the Custodian and places under the investment supervision of the Sub-Advisor, together with any assets that are added at a subsequent date or which are received as a result of the sale, exchange or transfer of such Investment Assets.

  • Commingling Assets The assets of your IRA cannot be commingled with other property except in a common trust fund or common investment fund.

  • DISPOSITION OF EQUIPMENT The Grantee shall provide to the State, not less than 30 calendar days prior to submission of the final invoice, an itemized inventory of equipment purchased with funds provided by the State. The inventory shall include all items with a current estimated fair market value of more than $5,000.00 per item. Within 60 calendar days of receipt of such inventory the State shall provide the Grantee with a list of the items on the inventory that the State will take title to. All other items shall become the property of the Grantee. The State shall arrange for delivery from the Grantee of items that it takes title to. Cost of transportation, if any, shall be borne by the State.

  • Remaining Assets In the event that the School closes, the School shall return any remaining public assets to the State, provided that any outstanding obligations of the School are fulfilled first pursuant to Sec. 302D-19, HRS.

  • FREE FROM LIENS Lessee shall keep the subject Premises and the property in which the subject Premises are situated, free from any and all liens including but not limited to liens arising out of any work performed, materials furnished, or obligations incurred by Lessee. However, the Lessor shall allow Lessee to contest a lien claim, so long as the claim is discharged prior to any foreclosure proceeding being initiated against the property and provided Lessee provides Lessor a bond if the lien exceeds $5,000.

  • Condemnation Proceeds all Condemnation Proceeds other than proceeds to be applied to the restoration or repair of the property subject to the related Mortgage or released to the related Mortgagor in accordance with the Servicing Standard, which proceeds shall be deposited by the Master Servicer into an Escrow Account and not deposited in the Collection Account;

  • Proceeds of Dispositions; Expenses The Debtor shall pay to the Secured Party on demand any and all expenses, including reasonable attorneys' fees and disbursements, incurred or paid by the Secured Party in protecting, preserving or enforcing the Secured Party's rights and remedies under or in respect of any of the Obligations or any of the Collateral. After deducting all of said expenses, the residue of any proceeds of collection or sale or other disposition of the Collateral shall, to the extent actually received in cash, be applied to the payment of the Obligations in such order or preference as the Secured Party may determine, proper allowance and provision being made for any Obligations not then due. Upon the final payment and satisfaction in full of all of the Obligations and after making any payments required by Sections 9-608(a)(1)(C) or 9-615(a)(3) of the Uniform Commercial Code of the State, any excess shall be returned to the Debtor. In the absence of final payment and satisfaction in full of all of the Obligations, the Debtor shall remain liable for any deficiency.

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