Qualifying Income Clause Samples
The Qualifying Income clause defines what types of income are considered acceptable or eligible under the terms of an agreement, often for regulatory, tax, or contractual purposes. Typically, this clause outlines specific sources of income—such as interest, dividends, or rental income—that meet certain criteria, and may exclude others like capital gains or non-recurring revenues. Its core function is to ensure clarity and compliance by establishing clear boundaries for which income streams are counted, thereby reducing ambiguity and potential disputes regarding financial qualifications or obligations.
Qualifying Income. Income earned from employment that either requires one’s physical presence in the Telluride ▇-▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ or that necessitates one’s physical presence in the Telluride ▇-▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ in order to provide goods or services to residents or visitors in the Telluride ▇-▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇.
Qualifying Income. The Servicer will assist the Issuer in meeting its responsibility under Section 2.4 of the Indenture and Section 2.11 of the Trust Agreement that at least 90% of the Issuer’s gross income for each taxable year of the Issuer will constitute “qualifying income” under Section 7704(d) of the Internal Revenue Code of 1986, as amended in the form of interest and gains from the receivables and other qualifying income.
Qualifying Income. 54 Recipient..........................................54
Qualifying Income. 7.2 RECIPIENT............................................................................................. 7.2 REIT..................................................................................................
Qualifying Income. Section 6.3 (b)...................... 41
Qualifying Income. For the twelve-month period ended December 31, 2014 and the six-month period ended June 30, 2015, more than 90% of the gross income (as determined for U.S. federal income tax purposes) of the ETG Business was “qualifying income” within the meaning of Section 7704(d) of the Code.
Qualifying Income. 34 PEREGRINE SYSTEMS CORPORATE CENTER [Peregrine Systems]
Qualifying Income. 9.2(c) Recipient................................................... 9.2(c) Registration Statement...................................... 7.1(a) REIT Requirements........................................... 9.2(c) SEC......................................................... 4.5(b) Significant Subsidiary...................................... 6.1(a) Spin-Off Transaction........................................
Qualifying Income. In the 12 month period ended December 31, 2014, more than 90% of the gross income (as determined for federal income tax purposes) of the businesses conducted by DBJV, the Tax Partnership and the DBJV Assets was qualifying income, within the meaning of Section 7704(d) of the Code. The Seller expects that more than 90% of the gross income of the business that is to be conducted by DBJV, the Tax Partnership and the DBJV Assets in 2015 will be such qualifying income, provided that no significant change occurs after the Closing Date with respect to the methods by which the DBJV Assets generate revenue. No action has been taken, or is contemplated, by the Seller or DBJV that is expected to result in a significant change in the methods by which the DBJV Assets generate revenue.
Qualifying Income. For each taxable year of the Partnership, less than 10% of the gross income of the Partnership has been derived from sources other than (i) the exploration, development, production, processing, refining, transportation or marketing of any mineral or natural resource, including oil, gas or products thereof, or (ii) other items of qualifying income within the meaning of Section 7704(d) of the Code.