Requirements for Qualification. The Code defines a REIT as a corporation, trust or association (i) which is managed by one or more trustees or directors; (ii) the beneficial ownership of which is evidenced by transferable shares or by transferable certificates of beneficial interest; (iii) which would be taxable as a domestic corporation but for Code Sections 856 through 860;
Requirements for Qualification a. Prequalification. All Respondents (general contractors) must be prequalified with the Trustees one day prior to the SOQ due date, or their SOQ submission will not be considered. The last day to submit an application for CSU prequalification is indicated on the enclosed schedule. Respondents must submit the CSU prequalification applications online. For more information regarding prequalification with the Trustees, go to xxxx://xxx.xxxxxxxx.xxx/cpdc/cm/contractor_prequal_bidders.shtml to apply for prequalification, go to this website and click on PlanetBids. The Respondent’s available prequalification rating (rating minus receivables on any current contracts held with the Trustees) for the TO-CA-MEA must be greater than $10,000,000 <Campus to edit minimum prequalification amount> or more, and shall not be less than the total of the project budgets listed in RFQ 2.2. Construction phase contract awards may not exceed their prequalification rating at any time during the contract duration. Architects on the successful Respondent’s team must be prequalified in accordance with the requirements found on the following CSU website: xxxx://xxx.xxxxxxxx.xxx/CPDC/ae/prequal/.
Requirements for Qualification. A Domestic Relations Order must meet all of the following requirements to be a Qualified Domestic Relations Order:
Requirements for Qualification. A REIT is a corporation, trust, or association that meets each of the following requirements:
Requirements for Qualification. Qualification is defined in terms of education, experience, training and any special requirements necessary for the performance of/ assigned responsibilities. For the purpose of this program contractor/facility management will provide written endorsement of satisfactory achievement of SOE training and qualification. All qualification training is directly related to the assigned facility or job position. This training includes any necessary fundamental and plant specific training required for safe and efficient operation of the facility, as determined by facility management, including the following: o Plant Specific Training which will include appropriate and applicable courses covering Fundamentals, General Design and configuration, Auxiliary Support and Systems, Safety and Fire Emergency Systems, Operational Safety Requirements (OSR), Emergency Procedures, Abnormal Plant Conditions (EP/APC), and Conduct of Operations. o On The Job Training knowledge and skill requirements. o Performance Evaluations that will test and confirm the SOE’s ability to safely and effectively perform the operations required for qualifications.
Requirements for Qualification. The Code defines a REIT as a domestic corporation, trust or association: (1) which is managed by one or more trustees or directors; (2) the beneficial ownership of which is evidenced by transferable shares, or by transferable certificates of beneficial interest; (3) which would be taxable as a domestic corporation, but for Sections 856 through 859 of the Code; (4) which is neither a financial institution nor an insurance company as defined in provisions of the Code; (5) the beneficial ownership of which is held by 100 or more persons; (6) during the last half year of each taxable year not more than 50% in value of the outstanding stock of which is owned, actually or constructively, by five or fewer individuals (as defined in the Code to include certain entities); and (7) which meets certain other tests, described below, regarding the nature of its income and assets and the amount of its annual distributions to stockholders. The Code provides that conditions (1) to (4), inclusive, must be met during the entire taxable year and that condition (5) must be met during at least 335 days of a taxable year of twelve months, or during a proportionate part of a taxable year of less than twelve months. For purposes of conditions (5) and (6), pension funds and certain other tax-exempt entities are treated as individuals, subject to a “look-through” exception in the case of condition (6). We may avoid disqualification as a REIT for a failure to satisfy any of these tests if such failure is due to reasonable cause and not willful neglect, and we pay a penalty of $50,000 for each such failure.
