Forgiveness Date definition

Forgiveness Date means December 31, 2014.
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Forgiveness Date means the earliest to occur of (a) December 31, 2003 provided Executive remains continuously employed by the Company through such date, (b) the death or disability of Executive prior to December 31, 2003 if Executive has been continuously employed by the Company through such date or (c) the termination of Executive's employment with the Company on or prior to December 31, 2003 by the Company without cause. The term "After-Tax Basis" means, with respect to any payment to be received by Executive, the amount of such payment (the "base payment") supplemented by a further payment (the "additional payment") to Executive so that the sum of the base payment plus the additional payment shall, after deduction of the amount of all Federal, state and local income Taxes required to be paid by Executive in respect to the receipt or accrual of the base payment and the additional payment, be equal to the amount required to be received. Such calculations shall be made on the basis of the highest generally applicable Federal, state and local income tax rates applicable to Executive and shall take into account the deductibility of state and local income taxes for Federal income tax purposes."
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Forgiveness Date means the later of the Recipient obtaining a license to operate the Child Care Centre or the Final Holdback Release date.
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Examples of Forgiveness Date in a sentence

  • Interest on the Loan accruing during the term of the Loan shall be compounded annually and shall be deferred until the Loan Forgiveness Date.

  • The outstanding principal and accrued interest under the Loan shall automatically and without further action on the part of the Company or the Executive be forgiven in full by the Company, provided the Executive remains employed by the Company through the Loan Forgiveness Date.

  • Such payments of principal and interest shall be made by the Organization to the Lender no later than 5:00 p.m. (or other local time at the place of payment), Boston, Massachusetts time, on the applicable Annual Forgiveness Date, in arrears, by wire transfer of immediately available funds to the account of the Lender specified in Section 17 or to such other account as to which the Lender shall give notice to the Organization from time to time.

  • Licensor undertakes no liability to Client for any such errors, omissions, delays, or losses.

  • Additionally, the restrictions contained in this Security Instrument shall automatically terminate upon the Forgiveness Date, provided a Repayment Event (as defined in the Note) has not occurred.

  • As of the Forgiveness Date, the Lender will forgive the amount of the Loan which is not subject to repayment under this Article VI, if no Default exists, and no event, circumstance, act or omission which, with the giving of notice, the passage of time, or both, would constitute a Default.

  • Within a reasonable period of time after the Accelerated Forgiveness Date, if applicable, the Company further agrees to provide you with a loan bearing 5% simple interest in an amount sufficient to cover any tax liability which may arise in connection with the forgiveness of this interest free loan (the "Additional Loan").

  • On any Forgiveness Date, the Company shall forgive the portions of the Loan outstanding for the longest period of time first.

  • On or prior to the CARES Forgiveness Date, the Loan Parties shall deliver to Agent a written notice of the CARES Debt that will be forgiven pursuant to the provisions of the CARES Act - Title I, together with supporting documentation in respect thereof.

  • The percentage of the Remaining Incremental Property Tax Revenues to be applied to forgiveness of the Forgivable Loan on each Forgiveness Date (as hereinafter defined) shall be equal to 80% of the Remaining Incremental Property Tax Revenues until such time that the Forgivable Loan is forgiven in full.


More Definitions of Forgiveness Date

Forgiveness Date means the date on which all of the following events shall have occurred:
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Forgiveness Date means December 31, 2012.
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Related to Forgiveness Date

  • Effectiveness Date means, with respect to the Initial Registration Statement required to be filed hereunder, the 60th calendar day following the date hereof (or, in the event of a “full review” by the Commission, the 90th calendar day following the date hereof) and with respect to any additional Registration Statements which may be required pursuant to Section 2(c) or Section 3(c), the 60th calendar day following the date on which an additional Registration Statement is required to be filed hereunder (or, in the event of a “full review” by the Commission, the 90th calendar day following the date such additional Registration Statement is required to be filed hereunder); provided, however, that in the event the Company is notified by the Commission that one or more of the above Registration Statements will not be reviewed or is no longer subject to further review and comments, the Effectiveness Date as to such Registration Statement shall be the fifth Trading Day following the date on which the Company is so notified if such date precedes the dates otherwise required above, provided, further, if such Effectiveness Date falls on a day that is not a Trading Day, then the Effectiveness Date shall be the next succeeding Trading Day.

  • Required Effectiveness Date As defined in Section 2.1.

  • Loss Date means the date of occurrence of the event or circumstance causing a particular Loss, or the date of occurrence of the first event or circumstance in a series of events or circumstances causing a particular Loss.

  • Shelf Effectiveness Deadline As defined in Section 4(a) hereof.

  • Effectiveness Deadline Date has the meaning set forth in Section 2(a) hereof.