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.

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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.

• The ORS 190 ENTITY 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 the ORS 190 ENTITY, except for costs incurred by SUBGRANTEE solely due to the willful misconduct or gross negligence of the ORS 190 ENTITY, its employees, officers, or agents.

• The Parties obligate themselves to all good faith efforts to establish, if practicable, an appeal and overruling of the Disallowance or a superseding order, approval of modified rules or tariffs, or other action so as to allow timely resumption of full, or failing that, adjusted payments hereunder.

• Purchaser shall prosecute and/or defend the Rejection Claim in the Disallowance Proceeding in consultation with Seller.

More Definitions of Disallowance,

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

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

Disallowance,. If the Contractor claims or receives payment from the Judicial Council 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. At its option, the Judicial Council may offset the amount disallowed from any payment due or that may become due to the Contractor under this Contract or any other contract.

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

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

Disallowance, means the monetary repayment to the state agency resulting from a meal or meals that have been determined ineligible for reimbursement due to: