Ineligible Business definition

Ineligible Business means businesses ineligible for tax credits unless extraordinary circumstances exist, including but not limited to a serious threat of a business leaving the state, significant job creation or retention, or significant capital investment, and such extraordinary circumstances are approved by the Board of Directors’ Awards Administration Committee. Such Ineligible Businesses include:
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Ineligible Business means a church, non-profit organization, insurance company, real estate contractor, real estate developer, night club and any similar entertainment-oriented business, a business that does not create or provide jobs, and a business not incorporated or located in Tennessee.
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Ineligible Business means (i) any business in the financial, insurance, real estate, housing finance, or government sectors of the economy, (ii) any non-profit organization, (iii) any business that is either illegal or, in the sole discretion of FHLB-PGH, immoral, or (iv) any business that for other reasons is deemed to be unacceptable in the sole discretion of FHLB-PGH.
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Examples of Ineligible Business in a sentence

  • Is a private equity fund eligible to borrow under the Program?‌No. As provided in the Program term sheets and question E.1, to be an Eligible Borrower under the Program, a Business must not be an Ineligible Business listed in 13 CFR 120.110, as modified and clarified by SBA regulations for purposes of the PPP on or before April 24, 2020.

  • Other forms of organization may be considered for inclusion as a Business under the Facility at the discretion of the Federal Reserve.3 For purposes of the Facility, an Ineligible Business is a type of business listed in 13 CFR 120.110(b)-(j) and (m)-(s), as modified by regulations implementing the Paycheck Protection Program established by section 1102 of the CARES Act (“PPP”) on or before April 24, 2020.

  • The Borrower must certify that, after reasonable, good faith diligence, it has no reason to believe it is an Ineligible Business.

  • If representatives of the Borrower have reason to believe that the Borrower may be an Ineligible Business under the categories listed in that regulation, Borrowers are expected to conduct further inquiry into the SBA’s interpretations of such categories, including in the interim final rules, and to reference the FAQs.

  • If representatives of the Borrower have reason to believe that the Borrower may be an Ineligible Business under the categories listed in that regulation, Borrowers are expected to conduct further inquiry into the SBA’s interpretations of such categories, including in the interim final rules, and to reference the FAQs.1.D. Maximum Size.

  • If the Company wishes to alter its principal business to a NZVIF Ineligible Business and NZVIF does not consent to that change, the Company will procure the purchase of NZVIF's Shares at a fair price which is not less than the sum which reflects the full cost of those Shares to NZVIF and provides NZVIF with an internal rate of return of 6% per annum on those costs.

  • For the purposes of this clause, "NZVIF Ineligible Business" means any business which principally involves one or more of property development, retailing, mining or hospitality (but without precluding a business which markets a technology or other innovation to any of these industries), or acting as a financial intermediary.

  • Other forms of organization may be considered for inclusion as a Business under the Facility at the discretion of the Federal Reserve, and such determinations may be found in the Program’s Frequently Asked Questions (“FAQs”).3 For purposes of the Facility, an Ineligible Business is a type of business listed in 13 CFR 120.110(b)-(j) and (m)-(s), as modified by regulations implementing the Paycheck Protection Program established by section 1102 of the CARES Act (“PPP”) on or before April 24, 2020.

  • If representatives of the Borrower have reason to believe that the Borrower may be an Ineligible Business under the categories listed in that regulation, Borrowers are expected to conduct further inquiry into the SBA’s interpretations of such categories, including in the interim final rules, and to reference the FAQs.1.D. Size.

  • Is a private equity fund eligible to borrow under the Program?No. As provided in the Program term sheets and question E.1, to be an Eligible Borrower under the Program, a Business must not be an Ineligible Business listed in 13 CFR 120.110, as modified and clarified by SBA regulations for purposes of the PPP on or before April 24, 2020.


More Definitions of Ineligible Business

Ineligible Business means (i) any business in the financial, insurance, real estate, housing finance, or government sectors of the economy, (ii) any non-profit organization, (ii) any business that is either illegal or, in the sole discretion of FHLB Dallas, immoral, or (iii) any business that for other reasons is deemed to be unacceptable in the sole discretion of FHLB Dallas.
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Ineligible Business means businesses ineligible for Tax Credits unless extraordinary circumstances exist, including but not limited to a serious threat of a business leaving the state, significant job creation or retention, or Significant Capital Investment, and such
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Ineligible Business means a business the principal purpose of which is to derive income from one or more of the following:
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Ineligible Business means any small business that does not meet the Bank’s definition based on certain size requirements, or any small business in the financial, housing, insurance, marijuana or marijuana-related1, non-profit, government sectors or real estate investment firms, when the real property 1For the avoidance of ambiguity, the Bank deems projects (i) where marijuana-related businesses (“MRBs”) will directly receive Program funds/grants; or (ii) which are otherwise affiliated with or involve MRBs to be in violation of applicable laws and therefore not eligible to receive XXX funds. For purposes of XXX: ▪ MRBs include businesses which, either directly or through an affiliate, grow, cultivate, produce, process, use, or distribute marijuana (includ- ing when such activities are conducted under and pursuant to state medical marijuana and/or recreational marijuana laws) to be in violation of applicable laws. ▪ MRBs do not include businesses which grow, cultivate, produce, process, use or distribute hemp which is (i) authorized by and used in accordance with the Federal Agriculture Improvement Act of 2018 (Public Law 115-334); (ii) regulated in accordance with a USDA-approved hemp plan; and (iii) not in violation of applicable state law. As of the effective date of this CIPP, each of the three (3) states in the Bank’s district, including Delaware, Pennsylvania, and West Virginia, have taken action to authorize the growth, cultivation, production, processing, use, or distribution of hemp in a manner that comports with the Agriculture Improvement Act of 2018. The Member is solely responsible for ensuring that a hemp-related business applying for XXX funds is (i) operating lawfully in the state in which the business is located and (ii) 1 regulated in accordance with a USDA-approved hemp plan. will be held for investment purposes as opposed to loans to otherwise eligible small business concerns for the purpose of occupying the real estate being acquired. Ineligible small businesses also include businesses that (i) are or are suspected to be engaged in any illegal activity under federal, state or local law, or (ii) the Bank otherwise determines in its commercially reasonable discretion to be engaged in or deriving revenue from activities that the Bank deems inconsistent with its good name or reputation, legal requirements, and/or status as a government-sponsored enterprise.
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Related to Ineligible Business

  • Separate Business means each of the activities of the Licensee connected

  • Inactive business operations means the mere continued holding or renewal of rights to property previously operated for the purpose of generating revenues but not presently deployed for such purpose.

  • Active business operations means all business operations that are not inactive business operations.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Service-disabled veteran-owned business means a service-disabled veteran-owned business located in the State of Tennessee that satisfies the criteria in Tenn. Code. Ann. § 12-3-1102(8). "Service-disabled veteran" means any person who served honorably in active duty in the armed forces of the United States with at least a twenty percent (20%) disability that is service-connected, i.e., the disability was incurred or aggravated in the line of duty in the active military, naval or air service.

  • Disabled Business Enterprise means a business owned by a person with a disability that is a continuing, independent, for-profit business that performs a commercially useful function, and is at least fifty-one (51%) owned and controlled by one (1) or more persons with a disability, or, in the case of any publicly-owned business, at least fifty one percent (51%) of the stock of which is owned and controlled by one(1) or more persons with a disability and whose management and daily business operations are under the control of one (1) or more persons with a disability.