Deficiency Assessment definition

Deficiency Assessment means charges as set forth in Section 3 of this Agreement applied to the difference between the minimum monthly net funds employed and the actual net funds employed for the month and shall be chargeable to Reserve Account, or at FGI’s option, payable by Seller on FGI’s demand.
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Deficiency Assessment means an amount greater than the amount disclosed on a return or report filed with the department.
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Examples of Deficiency Assessment in a sentence

  • After the hearing, the Court requested additional information from the parties regarding whether or not the IRS investigation is now closed due to the agreement by the taxpayers to pay the Notice of Deficiency assessment and penalties.Factual Background The IRS seeks enforcement of its October 28, 2008 summons for the workfile of the appraiser (Mark Richey) who prepared an appraisal of the value of a conservation easement claimed as a charitable deduction by the taxpayers Alan and Wendy Pesky.

  • At the conclusion of the audit of petitioner, the Division issued a Notice of Deficiency (assessment number L-037074405-6) dated December 23, 2011, asserting that petitioner owed additional corporation franchise tax under Article 9-A of the Tax Law in the amount of $1,988,142.00, plus interest in the amount of $510,315.27 and penalties in the amount of $198,811.00 for the years at issue.

  • The words means many things, and I think it's worth the time for me to quickly try to unpack the phrase.● (1535)The first is that it be—and there is a piece of jargon coming up, but I promise it's important—machine-readable.Let me use my site to explain what I mean by that.

  • Deficiency assessment -- penalty and interest -- statute of limitations.

  • This is a systemic problem across the site.”  Insights from the Standards Performance Deficiency assessment, which noted that some root and apparent cause evaluations did not use operating experience to help identify the causes which could leave PNPS more vulnerable to repeat events of the same or similar nature.

  • Deficiency assessment revenues in the financial statements are shown net of assessment reversals, if any.

  • This is a systemic problem across the site.” • Insights from the Standards Performance Deficiency assessment, which noted that some root and apparent cause evaluations did not use operating experience to help identify the causes which could leave PNPS more vulnerable to repeat events of the same or similar nature.

  • Following an audit by the Division of Taxation (the “Division”) of petitioner’s Article 9-A return, the Division adjusted petitioner’s tax liability for the year 1999 by combining petitioner with Cards, and it issued a Notice of Deficiency, assessment number L-023521025-2, dated February 13, 2004.

  • The Discharger has filed a Notice of Intent and received an Authorization to Discharge pursuant to that general permit.

  • Deficiency assessment -- penalty and interest -- hearing.15-66-206.

Related to Deficiency Assessment

  • Phase I assessment as described in, and meeting the criteria of, (i) Chapter 5 of the FNMA Multifamily Guide or any successor provisions covering the same subject matter in the case of a Specially Serviced Mortgage Loan as to which the related Mortgaged Property is multifamily property or (ii) the American Society for Testing and Materials in the case of Specially Serviced Mortgage Loan as to which the related Mortgaged Property is not multifamily property.

  • conformity assessment means the process demonstrating whether the requirements of this Regulation relating to a device have been fulfilled;

  • Site Assessment means an environmental assessment report for the Mortgaged Property prepared at Borrower’s expense by a qualified environmental consultant engaged by Borrower, or by Lender on behalf of Borrower, and approved by Lender, and in a manner reasonably satisfactory to Lender, based upon an investigation relating to and making appropriate inquiries to evaluate the risks associated with Mold and any existence of Hazardous Materials on or about the Mortgaged Property, and the past or present discharge, disposal, release or escape of any such substances, all consistent with the most current version of the ASTM 1527 standard (or any successor standard published by ASTM) and good customary and commercial practice.

  • Phase I Environmental Assessment A “Phase I assessment” as described in, and meeting the criteria of, the ASTM, plus a radon and asbestos inspection.

  • conformity assessment body means a body that performs conformity assessment activities including calibration, testing, certification and inspection;

  • Preliminary assessment means the first phase in the process of identifying areas of concern and determining whether contaminants are or were present at a site or have migrated or are migrating from a site, and shall include the initial search for and evaluation of, existing site specific operational and environmental information, both current and historic, to determine if further investigation concerning the documented, alleged, suspected or latent discharge of any contaminant is required. The evaluation of historic information shall be conducted from 1932 to the present, except that the department may require the search for and evaluation of additional information relating to ownership and use of the site prior to 1932 if such information is available through diligent inquiry of the public records.

  • Impact Assessment has the meaning given to it in Clause 22.1.3 (Variation Procedure);

  • Acoustic Assessment Report means the report, prepared in accordance with Publication NPC-233 and Appendix A of the Basic Comprehensive User Guide,by HGC Engineering and dated August 22, 2008 submitted in support of the application, that documents all sources of noise emissions and Noise Control Measures present at the Facility and includes all up-dated Acoustic Assessment Reports as required by the Documentation Requirements conditions of this Certificate to demonstrate continued compliance with the Performance Limits following the implementation of any Modification.

  • Environmental Assessment means an assessment of the presence, storage or release of any hazardous or toxic substance, pollutant or contaminant with respect to the collateral securing a Shared-Loss Loan that has been fully or partially charged off.

  • Phase I Environmental Site Assessment means a Phase I environmental property assessment of the Assets that satisfies the basic assessment requirements set forth under the current ASTM International Standard Practice for Environmental Site Assessments (Designation E1527-13) or any other visual site assessment or review of records, reports or documents.

  • Needs assessment In this section, LEAs are asked to describe the impact of the pandemic on their students, examine disproportionate impacts on specific student groups, and highlight the LEA’s promising practices in supporting students’ needs since March 2020.

  • Own risk and solvency assessment means a confidential internal assessment, appropriate to the nature, scale, and complexity of an insurer or insurance group, conducted by that insurer or insurance group of the material and relevant risks associated with the insurer or insurance group's current business plan, and the sufficiency of capital resources to support those risks.

  • Assessment roll means a permanent record of the assessment of property as

  • Assessment Report : means the assessment report referred to in Articles 32(2) and 33(3) of Regulation (EC) No 834/2007 drawn up by an independent third party fulfilling the requirements of ISO Standard 17011 or by a relevant competent authority, which includes information on document reviews, including the descriptions referred to in Articles 4(3)(b) and 11(3)(b) of this Regulation, on office audits, including critical locations and on risk-oriented witness audits conducted in representative third countries.

  • Phase I means the first part of the tuition incentive assistance program defined as the academic period of 80 semester or 120 term credits, or less, leading to an associate degree or certificate.

  • Risk assessment means a programme to determine any risk associated with any hazard at a construction site, in order to identify the steps needed to be taken to remove, reduce or control such hazard;

  • Phase II means the second part of the tuition incentive assistance program which provides assistance in the third and fourth year of 4-year degree programs.

  • Family assessment means a comprehensive assessment of child

  • Environmental Impact Assessment means a systematic examination conducted to determine whether or not a programme, activity or project will have any adverse impacts on the environment;

  • development charge means a charge imposed pursuant to this By-law;

  • Environmental Assessment Act means the Environmental Assessment Act, R.S.O. 1990, c.E.18.

  • Phase I Environmental Report means a report by an Independent Person who regularly conducts environmental site assessments in accordance with then current standards imposed by institutional commercial mortgage lenders and who has a reasonable amount of experience conducting such assessments.

  • Environmental Site Assessment means a Phase I environmental report meeting the requirements of the American Society for Testing and Materials, and, if in accordance with customary industry standards a reasonable lender would require it, a Phase II environmental report, each prepared by a licensed third party professional experienced in environmental matters.

  • Assessment lien means a lien on property within an assessment area that arises

  • self-assessment ’ means a determination of the amount of tax payable under a tax Act by a taxpayer and—

  • Phase or “Phases” in respect of the Project shall mean that the components of the Project are placed in service during more than one year during the Investment Period, and the word “Phase” shall therefore refer to the applicable portion of the Project placed in service in a given year during the Investment Period.