Loss of Subsidy definition

Loss of Subsidy means the enactment of legislation by the Congress of the United States of America or a ruling or regulation issued by the United States Department of Treasury or the Internal Revenue Service, the effect of which (a) repeals, revokes or reduces any of the Qualified Bond Payments or (b) imposes one or more new substantive conditions on the receipt by Lessee of any of the Qualified Bond Payments and such conditions are unacceptable to Lessee; provided, however, that in no event shall a “Loss of Subsidy” occur as the result of Lessee’s failure or inability for reasons within its control to receive (or delay in receipt of) all or any portion of any Qualified Bond Payment from the United States Department of Treasury or Lessee’s failure to comply with applicable law and regulations to obtain payment of any Qualified Bond Payment from the United States Department of Treasury, including (without limitation) any offset against any Qualified Bond Payment as a result of other liabilities of Lessee to the United States Department of Treasury.
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Loss of Subsidy means the occurrence of any of the following: (A) legislation enacted by the Congress of the United States of America or a ruling, regulation or statement issued by the Treasury Department or the Internal Revenue Service, the effect of which (I) denies, repeals, revokes or reduces Lessee’s applicable cash subsidy payments from the United States Treasury under Section 54A or 6431 of the Code (as currently in effect) with respect to this Agreement (herein referred to as “Direct Subsidy Payments”) or (II) imposes one or more new substantive conditions on the receipt by Lessee of Direct Subsidy Payments and such conditions are unacceptable to Lessee; and (B) any governmental, administrative, judicial or other official action that is beyond Lessee’s control and results in the significant reduction or loss of Direct Subsidy Payments to Lessee or imposes one or more new substantive conditions on the receipt by Lessee of Direct Subsidy Payments and such conditions are unacceptable to Lessee; provided, however, that in no event shall a “Loss of Subsidy” occur as the result of Lessee’s failure or inability for reasons within its control to receive (or delay in receipt of) all or any portion of any Direct Subsidy Payment from the United States Department of Treasury or Lessee’s failure to comply with applicable law and regulations to obtain payment of any Direct Subsidy Payment from the United States Department of Treasury, including (without limitation) any offset against any Direct Subsidy Payment as a result of other liabilities of Lessee to the United States Department of Treasury; or
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Loss of Subsidy means legislation enacted by the Congress of the United States of America or a ruling, regulation or statement issued by the Department of the Treasury or the Internal Revenue Service, the effect of which (a) repeals, revokes or reduces the direct Subsidy Payments elected to be received by the District under the Hiring Incentives to Restore Employment Act (as enacted on March 18, 2010), with respect to this Agreement or (b) imposes one or more new substantive conditions on the receipt by the District of such direct Subsidy Payments and such conditions are unacceptable to the District; provided, however, that in no event shall a Loss of Subsidy occur as the result of (i) reductions in any Subsidy Payments due to automatic budgetary reductions imposed by the Congress of the United States of America related to deficit reduction measures, so long as such reductions are less than 50% of the Subsidy Payment amount; (ii) the District’s failure or inability for reasons within its control to receive (or delay in receipt of) all or any portion of any Subsidy Payment from the United States Department of Treasury, or (iii) the District’s failure to comply with applicable law and regulations to obtain payment of any Subsidy Payment from the United States Department of Treasury, including (without limitation) any offset against any Subsidy Payment as a result of other liabilities of the District to the United States Department of Treasury.
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Examples of Loss of Subsidy in a sentence

  • In addition to the regularly issued reports listed above, Part D sponsors should consult the Loss of Subsidy Files sent in December for those beneficiaries losing LIS status at the end of the current year.

  • The policies and procedures outlined in the Eviction Prevention Policy, Arrears Collection Process, Loss of Subsidy Process and applicable legislation (Residential Tenancies Act, 2006, Housing Services Act, 2011) ensure a fair and transparent process for tenants facing eviction due to arrears of rent.

  • F-92F.17 Loss of Subsidy Data File ..................................................................................

  • F-95F.17.1 Loss of Subsidy Data File Detail Record ..................................................

  • These are the September and December versions of the Loss of Subsidy file.

  • Well-specification to first and second order, η(E→ ) = 0 and σ2(E→ ) = σ2 constant, is a sufficient but not necessary condition for asymptotic validity of the usual standard error.

  • With fewer cases at risk of a Loss of Subsidy, as well as timelier processing of Annual Reviews, the total arrears will also be impacted in a positive way.

  • The California law that sets up the first enforceable state- wide program in the US to cap all greenhouse gas emissions from major industries.

  • In response to the Loss of Subsidy Data File (released in December of each year), prepare to set organization’s systems to charge the correct premium, deductible, and copayments effective January 1, 2011 as well as sends the appropriate notification to affected beneficiaries.

  • It follows the patterns of the ones previously signed with ARIPO, OAPI and CERLALC.

Related to Loss of Subsidy

  • Casualty shall have the meaning set forth in Section 6.2 hereof.

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • variable insurance contract means a contract of life insurance under which the interest of the purchaser is valued for purposes of conversion or surrender by reference to the value of a proportionate interest in a specified portfolio of assets.

  • General Liabilities shall have the meaning given it in Article III, Section 6(b) of this Declaration of Trust;

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • General Liability means:Your legal liability in respect of Personal Injury and/or Property Damage and/or Advertising Injury caused by or arising out of an Occurrence happening in connection with the Business other than Products Liability.

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Property Insurance is defined in Section 6.10(a).

  • Errors and Omissions Insurance Policy means an errors and omissions insurance policy maintained by the Master Servicer, the Special Servicer, the Trustee, the Custodian or the Certificate Administrator, as the case may be, in accordance with Section 8.2, Section 9.2 and Section 7.17, respectively.

  • Blanket insurance policy means a group policy covering a defined class of

  • Insurance Contracts means all contracts and policies of insurance and re-insurance maintained or required to be maintained by or on behalf of any Grantor under the Loan Documents.

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • R&W Insurance Policy has the meaning set forth in Section 6.15.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • group insurance means blanket insurance and franchise insurance and any other forms of group insurance.

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Immaterial Foreign Subsidiary means any Foreign Subsidiary of the Borrower that is not a Material Foreign Subsidiary.

  • Captive Insurance Subsidiary means any Subsidiary of the Borrower that is subject to regulation as an insurance company (or any Subsidiary thereof).

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.