Loss of Exemption. Upon the occurrence of a Cessation Date, the Facility Realty shall be deemed automatically restored to the tax rolls, whether or not procedurally such restoration has in fact occurred, and the Lessee shall pay Real Estate Taxes with respect to the Facility Realty from and after such Cessation Date.
Loss of Exemption. On written notice from the Participant or the Internal Revenue Service to the Custodian that for any taxable year the Participant's account has lost its exemption, including loss of exemption as provided in section 408(e)(2) of the Internal Revenue Code, the Custodian shall, on or before the close of the ninety-day period beginning with the date of the receipt of such notice, distribute to such Participant the Participant's entire interest in the Custodial Account in Shares or cash in the sole discretion of the Custodian. The Custodian is authorized, however, to reserve funds as described in paragraph 10.1.
Loss of Exemption. Borrower or any Equity Party shall become subject to, or not exempt from, regulation under the FPA or PUHCA, other than Section 9(a)(2) of PUHCA (except to the extent that the FPA or PUHCA is applicable to Borrower or such Equity Party solely by reason of the Approved Project Companies being Exempt Wholesale Generators under PUHCA or being "public utilities", "electric utilities" or "transmitting utilities" under the FPA), and such regulation, or loss of exemption from regulation, shall have a Borrower Material Adverse Effect; provided that Borrower or such Equity Party, as the case may be, shall have 30 days to cure such event before it becomes a Borrower Event of Default so long as the extension of time to cure such event would not reasonably be expected to have a Borrower Material Adverse Effect.
Loss of Exemption. The Issuer shall become subject to, or not exempt from, regulation under the FPA or PUHCA, other than Section 9(a)(2) of PUHCA, and such regulation, or loss of exemption from regulation, shall have an Issuer Material Adverse Effect; provided that the Issuer shall have 60 days after a Responsible Officer of the Issuer obtains knowledge of such event to cure such event before it becomes an Issuer Event of Default so long as the extension of time to cure such event could not reasonably be expected to have an Issuer Material Adverse Effect.
Loss of Exemption. A flying club which violates any of the foregoing, including violations by one or more members, will be required to terminate all operations at the Airport. Flying club termination’s are subject to appeal to the Port Authority Board.
Loss of Exemption. The owner of an engine which becomes subject to the emission limits/standards of this rule through loss of exemption shall not operate the subject engine, except as required for obtaining a new or modified Permit-to-Operate or Stationary Equipment Registration for the engine, until the owner demonstrates that the subject engine is in full compliance with the requirements of this rule.
Loss of Exemption. NRG Energy, the Member, any Affiliate Pledgor or Borrower shall lose its exemption from regulation under PUHCA.
Loss of Exemption. On written notice from the Depositor or the IRS to the Custodian that for any taxable year the Depositor's account has lost its exemption, including loss of exemption as provided in section 408(e)(2) of the Code, the Custodian shall, on or before the close of the ninety (90) day period beginning with the date of the receipt of such notice, distribute to such Depositor the Depositor's entire interest in the Custodial Account in Shares or cash in the sole discretion of the Custodian. The Custodian is authorized, however, to reserve funds as described in Section 9.a.
Loss of Exemption. If the Custodian receives notice that the Custodial Account has lost its tax-exempt status under section 408(a) of the Code for any reason, including by reason of a transaction prohibited by section 4975 of the Code, the Custodian shall distribute to the Depositor the entire balance in the Account, in cash or in kind, in the sole discretion of the Custodian no later than 90 days after the date the Custodian receives such notice. Custodial Agreement for a Xxxx XXX Form 5305-RA (January 1998) Department of the Treasury Internal Revenue Service Acorn Investment Trust Custodial Agreement for a Xxxx XXX (Under Section 408A of the Internal Revenue Code) (January 1, 1998) Article I
1. If this Xxxx XXX is not designated as a Xxxx Conversion IRA, then, except in the case of a rollover contribution described in section 408A(e), the Custodian will accept only cash contributions and only up to a maximum amount of $2,000 for any tax year of the Depositor.
2. If this Xxxx XXX is designated as a Xxxx Conversion IRA, no contributions other than IRA Conversion Contributions made during the same tax year will be accepted.
Loss of Exemption. If the Custodian receives notice that the Custodial Account has lost its tax-exempt status under section 408A of the Code for any reason, including by reason of a transaction prohibited by section 4975 of the Code, the Custodian shall distribute to the Depositor the entire balance in the Account, in cash or in kind, in the sole discretion of the Custodian no later than 90 days after the date the Custodian receives such notice.
