Income Housa definition

Income Housa means any Quarterly Loan Note held by Castle Trust customers prior to the Scheme of Arrangement;
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Examples of Income Housa in a sentence

  • IntroductionThis document contains the terms and conditions (the “Housa Terms and Conditions”) applicable to our Converted Income Housa and Converted Growth Housa (each a “Product” and together the “Products”).Separate terms apply to Converted Income Housa and Converted Growth Housa.

  • Castle Trust will pay the amounts payable to Investors at maturity of the Housas or Fortress Bonds (which will be equal to the investment return or the Final Redemption (as applicable) due on those maturing Growth Housa shares, Income Housa Notes or Fortress Bonds), enabling the PCC, CTIH and the Issuer to redeem the shares and loan notes they have issued.

  • Subject to clause 11.3.2 below, no Scheme Creditor may commence, support any person commencing, or instruct any person to commence or take any Proceeding against either Scheme Company or any of their respective directors, officers or advisors in respect of or arising from or relating to the terms of the Income Housa Documents or the formulation, promotion or implementation of the Schemes.

  • Index Linked Income Housa Loan Notes (“Loan Notes”), Loan Notes, issued up to July 2014 by CTIH, have been withdrawn as an ongoing product, due to disappointing sales performance against the high associated issue costs.

  • Aside from the Income Housa, Growth Housa and Foundation Housa products (described below), discussions of new products are currently only at the exploratory stage and no decisions have yet been taken in respect of any products that might be offered or the structures that might be used for these products.

  • However there were three main variants of the Housa issued which converted into structured deposits, as explained below.Income Housas were Loan Notes issued up to July 2014 by Castle Trust Income Housa plc which paid investors a quarterly coupon.

  • CTC will compensate any Scheme Creditor who is subject to tax at a higher effective rate in respect of interest received on their Housa Account than they would have been on their return on any Income Housa had the Schemes not been implemented.

  • The Income Housa is a ‘loan note’ issued by CTIH, a Jersey company and a sister company to the Issuer.

  • Save for the Income Housa with a 3 year term, both income and capital gains may be sheltered from tax if held within a SIPP or ISA.

  • On 4 October 2012 the Group launched two products, an Income Housa and a Growth Housa.

Related to Income Housa

  • Moderate income housing means housing occupied or reserved for occupancy by households with a gross household income equal to or less than 80% of the median gross income for households of the same size in the county in which the city is located.

  • Moderate-income household means a household with a total gross annual household income in excess of 50 percent but less than 80 percent of the median household income.

  • Plan for moderate income housing means a written document adopted by

  • Median household income (MHI) means the calculation computed by the U.S. Census Bureau - Income of Households - This includes the income of the householder and all other individuals 15 years old and over in the household, whether they are related to the householder or not. Because many households consist of only one-person, average household income is usually less than average family income. The median divides the income distribution into two equal parts: one-half of the cases falling below the median income and one-half above the median. For households and families, the median income is based on the distribution of the total number of households and families including those with no income. The median income for individuals is based on individuals 15 years old and over with income. Median income for households, families, and individuals is computed on the basis of a standard distribution.

  • Trinity House means the Corporation of Trinity House of Deptford Strond;

  • Gross household income means gross income of a household as those terms are defined in rules of the authority.

  • Halfway house means a facility licensed by the division of parole and community services of the department of rehabilitation and correction pursuant to section 2967.14 of the Revised Code as a suitable facility for the care and treatment of adult offenders.

  • Supportive housing means housing with no limit on length of stay, that is occupied by the target population, and that is linked to an onsite or offsite service that assists the supportive housing resident in retaining the housing, improving his or her health status, and maximizing his or her ability to live and, when possible, work in the community.

  • Blackwater means wastewater contaminated by human body waste, toilet paper and any other material intended to be deposited in a receptor designed to receive urine or feces.

  • Qualified low-income community investment or “QLICI” shall have the same meaning as set forth in IRC § 45D(d) and 26 C.F.R. Part 1.45D-1(d).

  • Lower income household means a household having an income equal to or less than the

  • Low-income households means households earning 80 percent or less of the countywide median income.

  • Very low-income household means a household with a total gross annual household income equal to 30 percent or less of the median household income.

  • Desjardins Investments means Desjardins Investments Inc. “DFSF” means Desjardins Financial Services Firm Inc. “DSFI” means Desjardins Financial Security Investments Inc. “DSI” means Desjardins Securities Inc.

  • Low-income housing means housing affordable according to

  • Foreign nonprofit corporation means an entity:

  • Mutual housing corporation means a corporation not-for-profit,

  • Low-income household means a household with a total gross annual household income equal to 50 percent or less of the median household income.

  • RSC means the Regional Security Coordinator(s) (RSC(s)) appointed for CCR Hansa, unless it is explicitly otherwise stated, according to Article 77(1)(a) of the SO Regulation that will perform the tasks allocated to this(these) RSC(s) according to Article 77(1)(c)(i) of the SO Regulation;

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • lodging house means a building designed or intended to contain, or containing Lodging Units where the residents share access to common areas of the building, other than the Lodging Units;

  • Sales finance company means that term as defined in section 2 of the motor vehicle sales finance act, MCL 492.102.

  • Gross Income from Operations means, during any period, all sustainable income as reported on the financial statements delivered by Borrower in accordance with this Agreement, computed in accordance with GAAP, derived from the ownership and operation of the Property from whatever source during such period, including (i) Rents from Tenants that are in occupancy, open for business and paying full contractual rent without right of offset or credit, (ii) utility charges, (iii) escalations, (iv) forfeited security deposits, (v) interest on credit accounts, (vi) service fees or charges, (vii) license fees, (viii) parking fees, (ix) rent concessions or credits, (x) income from vending machines, (xi) business interruption or other loss of income or rental insurance proceeds, (xii) other required pass-throughs and (xiii) interest on Reserve Funds, if any, but excluding (i) Rents from month-to-month Tenants, Tenants during a free-rent period, or Tenants that are included in any Bankruptcy Action, (ii) sales, use and occupancy or other taxes on receipts required to be accounted for by Borrower to any Governmental Authority, (iii) refunds and uncollectible accounts, (iv) sales of furniture, fixtures and equipment, (v) Insurance Proceeds (other than business interruption or other loss of income or rental insurance), (vi) Awards, (vii) unforfeited security deposits, (viii) utility and other similar deposits and (ix) any disbursements to Borrower from the Reserve Funds, if any. Gross income shall not be diminished as a result of the Security Instrument or the creation of any intervening estate or interest in the Property or any part thereof.

  • Eligible Household means a household charged a UEC on their natural gas and/or electricity for the residence at which they reside as evidenced by their utility bill or UEC-participating utility vendor, has annual income at or below the current income limits of the federal poverty level, and meets other income criteria for assistance from the Nevada Fund for Energy Assistance and Conservation. Conversely, households not charged a UEC are ineligible for assistance from the fund. A household that receives benefits funded with LIHEAP grant monies may also be referred to as an eligible household in this plan. Also, refer to “UEC Eligible.”

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • foreign expenditures means expenditures in the currency of any country other than that of the Borrower for goods or services supplied from the territory of any country other than that of the Borrower;