Asset Test definition

Asset Test means, for an Asset Review, each Test, as defined in the Asset Representations Review Agreement, in Schedule A to the Asset Representations Review Agreement to be performed by the Asset Representations Reviewer on the related Asset Review Receivables.

Asset Test. A transfer satisfies the Asset Test if: (i) At the time of the transfer, and at the close of each of the transferee's two fiscal years preceding the transferee's fiscal year of transfer, the transferee's gross assets for financial reporting purposes exceed $100 million and its net assets for financial reporting purposes exceed $10 million. The gross assets and net assets of a transferee do not include any obligation of any "related person" or any other asset if a principal purpose for holding or acquiring the other asset is to permit the transferee to satisfy such monetary conditions; (ii) The transferee must be an "eligible corporation" and must agree in writing that any subsequent transfer of the interest will be to another eligible corporation in a transaction that satisfies paragraphs 9 through 11 of this Transfer Affidavit and the Asset Test. A transfer fails to meet the Asset Test if the transferor knows, or has reason to know, that the transferee will not honor the restrictions on subsequent transfers of the Certificate; and (iii) A reasonable person would not conclude, based on the facts and circumstances known to the transferor on or before the date of the transfer, that the taxes associated with the Certificate will not be paid. The consideration given to the transferee to acquire the Certificate is only one factor to be considered, but the transferor will be deemed to know that the transferee cannot or will not pay if the amount of consideration is so low compared to the liabilities assumed that a reasonable person would conclude that the taxes associated with holding the Certificate will not be paid. For purposes of applying the Asset Test, (i) an "eligible corporation" means any domestic C corporation (as defined in section 1361(a)(2) of the Code) other than (A) a corporation which is exempt from, or is not subject to, tax under section 11 of the Code, (B) an entity described in section 851(a) or 856(a) of the Code, (C) A REMIC, or (D) an organization to which part I of subchapter T of chapter 1 of subtitle A of the Code applies; (ii) a "related person" is any person that (A) bears a relationship to the transferee enumerated in section 267(b) or 707(b)(1) of the Code, using "20 percent" instead of "50 percent" where it appears under the provisions, or (B) is under common control (within the meaning of section 52(a) and (b)) with the transferee.

Asset Test means the asset limits for eligibility in the [state pharmacy assistance program] state medicare part D program as defined by the Medicare Modernization Act and any amendments thereto.

Examples of Asset Test in a sentence

• The applicant must still meet the Federal Poverty Guidelines and the Asset test to qualify.

• Work-Ready-U students will take the TABE test.2. Prior to testing, the applicant will complete an application online via the Student Services Office and pre-pay $45 ($15 for the each of the three sections) for the ACCUPLACER or Asset test.

• The second type of “Investment Entity” is any entity the gross income of which is primarily attributable to investing, reinvesting, or trading in Financial Assets, if the entity is managed by an FI AND meets the Financial Asset test as described below.

• Asset test scores indicate the applicant’s ability to benefit from developmental studies and the possibility to then perform work at the required level.2. A plan is formulated to provide the applicant with developmental and tutoring services needed to facilitate success in the course of study and end results specified that will determine whether the applicant is then eligible for full and unconditional acceptance and enrollment.

• Asset test applying to full Age Pension receipt from 20 March 2020 (A$)SituationHomeownerNon-homeownerSingle$263,250$473,750Couple, combined$394,500$605,000Couple, separated due to illness, combined$394,500$605,000Couple, 1 partner eligible, combined$394,500$605,000Rent assistance may be available for those paying rent, fees in a retirement village, lodging, board and lodging, site or mooring fees if the main home is a caravan, relocatable home or a boat.

• In short, to be considered a REIT, an entity must pass both an: • Income test5: 95% of a REIT’s income must come from approved sources (such as rent)• Asset test: 75% of its assets must be real property.There are only two types of property according to the IRS, real and personal, and the terms are mutually exclusive.

• Table 2.10 Social assistance: Asset test amounts Assets include financial assets (savings, cash, shares) of all members of the benefits unit but also the value of cars, motorcycles, caravans, boats, houses.

• The application not accompanying with the requisite as above shall summarily be rejected.

• All cost elements shall be broken out in full detail with detailed budgets defined per item/deliverable.

• This approach was tested on Android 9.•A nosy app with adb privilege can obtain the list of in- stalled apps, which includes apps on secondary accounts and work profiles, by using the shell command dumpsys.

More Definitions of Asset Test

Asset Test means the asset limits as defined by the Medicare Prescription Drug, Improvement, and Modernization Act of 2003, Pub. L. No. 108-173;

Asset Test means the asset limits as defined by the Medicare Prescription Drug Act of 2003.

Asset Test means, for an Asset Review, each [“Test”] (as defined in the 20__-_ Asset Representations Review Agreement) to be performed by the Asset Representations Reviewer on the related Asset Review Receivables.

Asset Test means the Total Parity Assets of the Trust Estate divided by the sum of (i) the Total Parity Liabilities of the Trust Estate and (ii) $4,000,000.

Asset Test means, certain conditions as to the nature of the assets of a trust which are set forth in paragraph 132(7)(a) of the Tax Act currently in force which, if satisfied, a trust may rely upon to qualify as a "mutual fund trust" for the purposes of the Tax Act;