Income Group definition

Income Group means one of the following household groups, adjusted by family size and based on the appropriate area median income established by the United States Department of Housing and Urban Development: (1) households with incomes

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Income Group means one of the following household groups, adjusted by family size and based on the appropriate area median income established by the United States Department of Housing and Urban Development: (1) households with incomes twenty-five per cent (25%) or less of the area median income; (2) households with incomes more than twenty five per cent (25%) but not more than fifty percent (50%) of the area, median income; (3) households with incomes more than fifty per cent (50%) but not more than eighty percent (80%) of the area median income; (4) households with incomes more than eighty per cent of the area median income but not more than one hundred percent (100%) of the area median income; and (5) households with incomes more than one hundred per cent of the area median income.

Income Group means one of the following household groups, adjusted by family size and based on the appropriate area median income established by the United States Department of Housing and Urban Development: (1) households with incomes twenty-five per cent (25%) or less of the area median income; (2) households with incomes more than twenty five per cent (25%) but not more than fifty percent (50%) of the area median income;

Examples of Income Group in a sentence

• Seller shall promptly after execution of this Agreement, but in no event later than ten (10) days thereafter, deliver the Fixed Income Group Schedule to Purchaser.

• Schedule 2.3(a)(iii) of Seller’s Disclosure Schedules (the “Fixed Income Group Schedule”) shall set forth, as of December 31, 2011, all Associated Persons who work in the Companies’ Fixed Income Group, together with the Gross Revenues attributable to each such Associated Person set forth thereon.

• Within thirty (30) days after receiving the Fixed Income Group Schedule from Seller, Purchaser shall provide Seller with a schedule of all Associated Persons in the Fixed Income Group that Purchaser wishes to retain (the “Fixed Income RR’s” and such schedule of Fixed Income RR’s the “Fixed Income RR’s Schedule”).

• All notices of payment on or in respect of the Notes and written confirmation of each such payment to be addressed as first provided above with a copy to: ▇▇▇▇▇ ▇▇▇▇ Supervisor — Income Group The Bank of New York Mellon Three Mellon Center — Room 153-1818 Pittsburgh, Pennsylvania 15259 Phone: (▇▇▇) ▇▇▇-▇▇▇▇ E-mail: ▇▇▇▇▇.▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇ All other notices and communications to be addressed as first provided above.

• All notices of payment on or in respect of the Notes and written confirmation of each such payment to be addressed as first provided above with a copy to: ▇▇▇▇▇ ▇▇▇▇ Supervisor — Income Group The Bank of New York Mellon Three Mellon Center — Room 153-1818 ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Phone: (▇▇▇) ▇▇▇-▇▇▇▇ E-mail: ▇▇▇▇▇.▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇ All other notices and communications to be addressed as first provided above.

• Realty Income shall not make, and shall not permit any other member of the Realty Income Group to make, any claim or demand, or commence any Action asserting any claim or demand, including any claim of contribution or any indemnification against Orion or any other member of the Orion Group, or any other Person released pursuant to Section 4.1(b), with respect to any Liabilities released pursuant to Section 4.1(b), except for Liabilities excluded pursuant to Section 4.1(c).

• The Parties recognize that legal and other professional services will be provided following the Distribution Effective Time, which services will be rendered solely for the benefit of the Realty Income Group or the Orion Group, as the case may be.

• Realty Income will cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth in this Agreement or in any Ancillary Agreement to be performed by any member of the Realty Income Group.

• The Parties acknowledge that the Separation Transactions are intended to result in Realty Income Group retaining the Excluded Assets and the Excluded Liabilities and the Orion Group owning the Transferred Assets and assuming the Assumed Liabilities, and, following the Distribution, Realty Income will operate the Excluded Business, and Orion will operate the Transferred Business.

• Orion shall not make, and shall not permit any member of the Orion Group to make, any claim or demand, or commence any Action asserting any claim or demand, including any claim of contribution or any indemnification, against Realty Income or any other member of the Realty Income Group, or any other Person released pursuant to Section 4.1(a), with respect to any Liabilities released pursuant to Section 4.1(a), except for Liabilities excluded pursuant to Section 4.1(c).

More Definitions of Income Group

Income Group means a · group specified in the first column of the Schedule together with the classification

Income Group means persons whose individual income, or who are members of a household whose income, places a person or household within either that group of persons whose income equals or is below the poverty line established by the United States govern- ment, or that group of persons whose income equals or is less than eighty percent (80%) of the median income for the metropolitan area, or housing market area, as applicable, in which that person, or the household of which that person is a member, resides.