Deemed Distribution definition

Deemed Distribution shall have the meaning set forth in Section 5.03.

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Deemed Distribution means an amount credited to a Settling Participant, identified on Exhibit B to the Cover Sheet, pursuant to Section 5.2.2 as an offset to amounts owed by the Settling Participant to the PX and/or ISO.

Deemed Distribution means that the amount of your loan, plus any outstanding interest, will be treated as though it was an early payment of your benefits under Federal tax laws. This means that you will be required to pay federal income taxes on the outstanding amount of your loan plus any outstanding interest. If you are under age 59 1/2 and have not yet separated from Covered Employment, you may also be subject to an additional 10% early withdrawal tax. In addition, you will still be liable to the Plan for the outstanding balance of your loan and the loan will continue to accrue interest.

Examples of Deemed Distribution in a sentence

• Furthermore, provided that if the Buying Entity is other than Deemed Distribution Licensee, the above phrases “110% of estimated average monthly billing” and “110% of average of the monthly tariff payments of the previous Contract year billing” shall be substituted with “210% of six times the estimated average monthly billing” and “210% of six times average of the monthly tariff payments of the previous Contract Year” respectively.

• The PX and ISO shall reflect Deemed Distributions on the books and records of the PX and ISO as reductions in the amounts owed to the PX and/or ISO by any Settling Participant that receives a Deemed Distribution.

• To the extent such values are not then eligible for distribution, the defaulted loan balance plus accrued interest will be considered a "Deemed Distribution" and that portion of any Contract Value needed to repay the Contract Debt will be withdrawn when such Contract Values become eligible for distribution.

• Distribution of settlement proceeds to Deemed Distribution Participants under this Agreement will take the form of a reduction (a “Deemed Distribution”) against such amounts owed and shall be reflected on the books of the ISO and PX.

• DISSOLUTION AND LIQUIDATION 67 Section 13.1. Dissolution 67 Section 13.2. Winding Up 68 Section 13.3. Compliance with Timing Requirements of Regulations 69 Section 13.4. Deemed Distribution and Recontribution 70 Section 13.5. Rights of Limited Partners 70 Section 13.6. Notice of Dissolution 70 Section 13.7. Cancellation of Certificate of Limited Partnership 71 Section 13.8. Reasonable Time for Winding-Up 71 Section 13.9. Waiver of Partition 71 ARTICLE 14.

• Procurer is a Deemed Distribution Licensee of its SEZ spread over an area of 125.72.07 Ha in Vilayat and Vorasamni village in Taluka Vagra, District Bharuch in the State of Gujarat.

• CPX-51 and ISO-30 in the FERC Refund Proceedings for that period and are listed in Exhibit C as Deemed Distribution Participants.

• A Deemed Distribution will be considered a currently taxable distribution, and may be subject to federal tax withholding and a federal early withdrawal penalty tax, regardless of when such unpaid amounts are repaid.

• Section 12.1. Compliance With Certain Requirements Of Regulations; Deficit Capital Accounts E-14 Section 12.2. Deemed Distribution And Recontribution E-14 Section 12.3. Character Of Liquidating Distributions E-15 The Sections in this Appendix E relate to allocations, distributions, tax matters, accounting, dissolution and other related matters.

• If at any time and from time to time the Company shall establish for any foreign Material Subsidiary (other than SG Austria) a Deemed Distribution Event, the foreign Material Subsidiary shall execute a Limited Foreign Guaranty, and, upon such execution, be relieved of liability under the Guaranty.

More Definitions of Deemed Distribution

Deemed Distribution means an amount credited to Settling Supplier under a Prior Settlement as an offset to amounts owed by Settling Supplier to the PX or ISO.

Deemed Distribution. Amount shall mean an amount in the Decommissioning Trust Fund that is treated by Applicable Tax Law as having been distributed by reason of the disqualification of all or a part of such Fund.

Deemed Distribution means an amount credited to PG&E pursuant to Section 5.3.3.2 as an offset to amounts owed by PG&E to the PX.

Deemed Distribution. As defined in Section 4.7.

Deemed Distribution means that amount designated by a corporation as a distribution of dividends but that shall not be distributed during the year in which the designation is made. Thus, said monies may be kept in the books of the corporation in question for the purpose of meeting any contractual, business, or statutory obligations of said entities, to be taken into account at the time a distribution is carried by the Board of Directors or the chief officer of said corporations, and subject to the discretion of the latter, in terms of the source or

Deemed Distribution means an amount credited to a Settling Participant, identified on Exhibit B to this Agreement, pursuant to Section 5.2.2 as an offset to amounts owed by the Settling Participant to the PX and/or ISO.