Disallowance definition

Disallowance. “inclusion,” or “adjustment” means that an item is disallowed, included or adjusted through action taken by the department when a proposed assessment or refund or notice of assessment or refund is issued to a taxpayer.

Disallowance means the disallowance by the IRS of all or a portion of the Section 29 Tax Credits allocated to the Initial Investor.

Disallowance has the meaning set forth in Section 13(d).

Examples of Disallowance in a sentence

• For purposes of the foregoing, Buyer shall be entitled to receive payment from Seller and/or reduce the payments to Seller hereunder more than once with respect to any single Disallowance Adjustment Event if the disallowance, denial or preclusion (or effective disallowance, denial or preclusion) of recovery by such Disallowance Adjustment Event, or effect thereof, is periodic or episodic in nature or otherwise recurs from time to time.

• Adverse Findings are defined as Lack of Adequate Records, Administrative Findings, Questioned Costs, and Costs Recommended for Disallowance.

• Agency neither is responsible for nor shall it pay for any costs disallowed (a Disallowance of Costs) either upon a Request for Funds or as a result of any audit, review, site visit, or other disallowance action by Agency except for costs incurred by Grantee solely due to the willful misconduct or gross negligence of Agency, its employees, officers or agents.

• Disallowance (If Contract includes cost reimbursement elements, include the following:) If the Contractor claims or receives payment from the Judicial Council for a service or reimbursement that is later disallowed by the Judicial Council, the Contractor shall promptly refund the disallowed amount to the Judicial Council upon the Judicial Council's request.

• ROA = Required Offset Amount ROA = DA / DPE DA = Disallowance Amount - an amount ordered by the Commission to be disallowed during a subsequent general rate proceeding or prudence review under this rider that was previously reflected in a RESRAM rate.

More Definitions of Disallowance

Disallowance means the monetary repayment to CYFD resulting from a meal or meals that have been determined ineligible.

Disallowance means monies made available to the state that were

Disallowance has the meaning set forth in Section 16.1 (Disallowance).

Disallowance has the meaning set forth in Section 5.4(a).

Disallowance means each disallowance by a Government Entity during the Applicable Amortization Period for each of the assets included in the Transferred IP and located in Puerto Rico of income Tax deductions claimed by the Company for amortization of the Transferred IP located in Puerto Rico except to the extent that Stockholder can show by a preponderance of the evidence that any such disallowance was not the result of any transfer of a portion of such Transferred IP located in Puerto Rico prior to the Effective Time and any related rescission. The “Applicable Amortization Period” shall mean the amortization period for each of the assets included in the Transferred IP as set forth on Exhibit 5.4(a). The “Foregone Tax Benefit” shall mean the amount of the Tax benefit of any forgone amortization deductions under the Puerto Rican Internal Revenue Code for the Transferred IP located in Puerto Rico for taxable years subsequent to the last taxable year of a Disallowance, such Tax benefit amount to be determined based upon the schedule set forth in Exhibit 5.4(a) hereto, except to the extent that Stockholder can show by a preponderance of the evidence that any such disallowance was not the result of any transfer of a portion of such Transferred IP located in Puerto Rico prior to the Effective Time and any related rescission. The Foregone Tax Benefit for a taxable year shall be paid by Stockholder to the Company within 20 Business Days following the Company notifying Stockholder that is has filed its applicable Tax Return with respect to the taxable year to which the Foregone Tax Benefit relates. No Foregone Tax Benefit shall apply with respect to any of the assets included in the Transferred IP located in Puerto Rico from and after the date any such assets are transferred (or deemed transferred under the Puerto Rican Internal Revenue Code) or cancelled by the Company during the Applicable Amortization Period.”

Disallowance means a Rova I Disallowance and/or a Rova II Disallowance, as applicable.

Disallowance. “inclusion,” or “adjustment” means that an item is disallowed, included or adjusted through action taken