Next Day Rule definition

Next Day Rule has the meaning set forth in Section 3.07(c).
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Next Day Rule means the “next day rule” described in Treasury Regulation Section 1.1502-76(b)(1)(ii)(B).
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Next Day Rule. The parties agree that the payment of the BellSouth Contingent Interest Amount, the Closing Bonuses and any other amounts properly allocable to the portion of the Effective Date after the Merger shall be treated as occurring at the beginning of the day following the Effective Date pursuant to Treasury Regulations Section 1.1502- 76(b)(1)(ii)(B); provided, however, for purposes of computing Working Capital and for purposes of computing any indemnification obligations of PSD, the deductions attributable to such payments will be treated as accruing on the Effective Date and as being included in the Tax Return filed by PSD for the period ending on the Effective Date. 77 EXECUTED as of the date first above written. XXX COMMUNICATIONS, INC. By: /s/ Xxxxx X. Xxxxx Name: Xxxxx X. Xxxxx Title: Senior Vice President XXX COMMUNICATIONS LAS VEGAS, INC. By: /s/ Xxxx X. Xxxx Name: Xxxx X. Xxxx Title: Vice President PRIME SOUTH DIVERSIFIED, INC. By: /s/ Xxxxx X. Xxxxxxxx Name: Xxxxx X. Xxxxxxxx Title: Vice President
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Examples of Next Day Rule in a sentence

  • Next Day Rule: As a rule of thumb, if you are upset after a game and feel you need to meet with the Coach, please wait until the next day to contact the Coach or Athletic Director.

  • Discharge of loans involves a number of administrative activities, including handing over the certificate of title of a mortgaged property to the borrower, and preparing and issuing a document to the borrower certifying that the loan has been discharged.

  • Under the current regulations, taxpayers could argue that it would be reasonable to apply the Next Day Rule where indebtedness is required to be paid simultaneously with a change in control.

  • Ensure all associated representatives are aware of the Business Continuity arrangements and are kept informed of any changes to the plan.

  • When applicable, display all interior permanent control monuments located as determined by the City Engineer’s office.

  • We believe that the Proposed Regulations produce the correct result by providing that the nonmember becomes a member immediately after the asset transfer, notwithstanding the fact that its tax items on the day of the transfer are included in the Pre-Change Year (except as provided under the Next Day Rule).

  • Compensation-Related Deductions and Success-Based Fees‌ The Proposed Regulations include an example in which Target becomes obligated to cash out nonqualified options upon a change in control and the payment is made several days after the Change Date.39 The example states that the associated deduction is an extraordinary item and that the Next Day Rule is inapplicable because the liability becomes deductible on the Change Date simultaneously with the Triggering Event.

  • We agree with the general approach of the proposed changes to the Next Day Rule.

  • The Proposed Regulations would eliminate this argument — to the extent that such deductions accrue simultaneously with the Triggering Event, the Next Day Rule is not applicable under the Proposed Regulations, and the deductions are allocated to the Pre-Change Year.

  • Lockers remain the property of the school and are not to be used to hold illegal items.

Related to Next Day Rule

  • Courier means any armed person who transports or offers to transport from one place to another

  • Applicable Business Day Convention means the “Business Day Convention” which may be specified in the Final Terms as applicable to any date in respect of the Instruments. Where the Final Terms specifies “No Adjustment” in relation to any date, such date shall not be adjusted in accordance with any Business Day Convention. Where the Final Terms fails either to specify an applicable Business Day Convention or “No Adjustment” for the purposes of an Interest Payment Date or an Interest Period End Date, then in the case of Instruments which bear interest at a fixed rate, “No Adjustment” shall be deemed to have been so specified and in the case of Instruments which bear interest at a floating rate, the Modified Following Business Day Convention shall be deemed to have been so specified. Different Business Day Conventions may apply, or be specified in relation to, the Interest Payment Dates, Interest Period End Dates and any other date or dates in respect of any Instruments.

  • Overnight care means care for a child between the hours of 10 PM and 6 AM, when four or more hours are during a child's normal sleeping hours.

  • Adult day care means a program for six (6) or more individuals, of social and health-related services provided during the day in a community group setting for the purpose of supporting frail, impaired elderly or other disabled adults who can benefit from care in a group setting outside the home.

  • Business Day Convention means the first following day that is a Business Day unless that day falls in the next calendar month, in which case that date will be the first preceding day that is a Business Day.

  • General Business Day means a day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits).

  • School business day means any calendar day except Saturdays, Sundays, and any federal and school holidays upon which the office of the Superintendent is open to the public for business. A school business day concludes or terminates upon the closure of the Superintendent’s office for the calendar day.

  • Clearance System Business Day means, with respect to the Clearance System, any day (other than a Saturday or Sunday) on which the Clearance System is open for the acceptance and execution of settlement instructions.

  • Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day;

  • Air means the atmosphere but, except in a sewer or a sewage facility or as the context may otherwise require, does not include the atmosphere inside a constructed enclosure that is not open to the weather.

  • Central Automatic Message Accounting (CAMA) Trunk means a trunk that uses Multi-Frequency (MF) signaling to transmit calls from CLEC’s switch to an AT&T-21STATE E911 Selective Router.

  • Automated Message Accounting (AMA) is a structure inherent in switch technology that initially records Telecommunication message information. AMA format is contained in the Automated Message Accounting document published by Telcordia (formerly known as Bellcore) as GR-1100-CORE, which defines and amends the industry standard for message recording.

  • CSD Business Day means a day on which the Book-Entry Securities System is open in accordance with the regulations of the CSD.

  • Adult day services means adult day services as defined in section 231D.1.

  • Preceding Business Day Convention means that the relevant date shall be brought forward to the first preceding day that is a Business Day;

  • TARGET2 Business Day means, a day in which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System or any successor is open.

  • Automated Message Accounting (AMA means the structure that is inherent in switch technology that initially records Telecommunication message information. AMA format is contained in the Automated Message Accounting document published by iconectiv (formerly known as Telcordia) as GR-1100-CORE, which defines and amends the industry standard for message recording.

  • Modified Following Business Day Convention means that the relevant date shall be postponed to the first following day that is a Business Day unless that day falls in the next calendar month in which case that date will be the first preceding day that is a Business Day;

  • Base Day-ahead Scheduling Reserves Requirement means the thirty-minute reserve requirement for the PJM Region established consistent with the Applicable Standards, plus any additional thirty-minute reserves scheduled in response to an RTO-wide Hot or Cold Weather Alert or other reasons for conservative operations. Base Load Generation Resource

  • Average weekly wage means the amount derived by dividing an

  • Additional Day-ahead Scheduling Reserves Requirement means the portion of the Day- ahead Scheduling Reserves Requirement that is required in addition to the Base Day-ahead Scheduling Reserves Requirement to ensure adequate resources are procured to meet real-time load and operational needs, as specified in the PJM Manuals.

  • Relevant Business Day means a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007 (TARGET2) is open for the settlement of payments in EUR.

  • Day Count Convention Fixed rate period: 30/360. Floating rate period: 360-day year and the number of days actually elapsed.

  • Interest Day Count Convention means the actual number of days in the related Interest Accrual Period divided by 360.

  • Patient day or "resident day" means a calendar day

  • Regular Hours means the hours between 7 a.m. and 5 p.m. Monday thru Friday, excluding the following holidays: Presidents' Day, Easter, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Christmas Day, and New Year's Day.