Nonqualified bonds definition

Nonqualified bonds means the portion of the outstanding bonds in an amount that, if the remaining bonds were issued on the date on which the deliberate action occurs, the remaining bonds would not satisfy the private business use test or the private loan financing test, as applicable. The amount of private business use is the highest percentage of business use in any one-year period, commencing with the deliberate action.
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Nonqualified bonds means the portion of the outstanding BPCA Bonds in an amount that, if the remaining BPCA Bonds were issued on the date on which the Private Activity Test or the Private Loan Test is met, neither of such tests would be met (i.e., the aforementioned 10% or 5% limitation or the $15,000,000 limitation would not be exceeded) and the Private Loan Test (i.e., the aforementioned 5% or $5,000,000 limitation would not be exceeded).
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Nonqualified bonds means the portion of the outstanding Bonds in an amount that, if the remaining Bonds were issued on the last day of the Expenditure Period, all of the Available Project Proceeds of the remaining Bonds would have been used for Qualified Purposes within the Expenditure Period.
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Examples of Nonqualified bonds in a sentence

  • For net proceeds that are spent, a failure to properly use proceeds occurs on the date on which an action is taken that causes the bonds not to be used for the qualifying purpose for which the bonds were issued.(e) Nonqualified bonds.

  • Nonqualified bonds that continue to be treated as tax-exempt because of a permissible remedial action under §§ 1.141–12(d), (e), or (f), 1.142–2(c), 1.144–2, 1.145–2, or 1.147–2, asapplicable, will not be treated as nonqualified bonds for purposes of this closing agreement program..04 Amount for closing agreement on item of tax preference.

  • For the avoidance of doubt and without limiting the foregoing, if such Standard is amended in the future, any patent claim Owned by the Implementer that was a Necessary Claim under such Standard and is still a Necessary Claim under the amended version of such Standard shall remain subject to Implementer’s Non-Assertion Commitment.

  • For dates on which other nonqualified uses occur, see section 7.03 of this revenue procedure..05 Nonqualified bonds means the portion of the outstanding bonds in an amount that, if the remaining bonds were issued on the date on which nonqualified use of proceeds occurs, the proceeds of the remaining bonds would be used in a timelymanner for a qualified use.

  • Proposed Effective Date:Requested Bond Term:1 Year3 YearsNote: Nonqualified bonds will require financial statement.

  • F o r n e t p r oceeds t ha t ar e spe n t , a fa il ur e t o p r ope r l y u se p r oceeds occ ur s o n t h e d a t e o n w h ic h an a c t io n is t a k e n t ha t c au ses t h e bo n ds n o t t o be u sed fo r t h e q ua lify i n g p ur pose fo r w h ic h t h e bo n ds we r e iss u ed.( e) Nonqualified bonds.

  • Section 1.142–2 is amended by revising paragraph (e) to read as follows: §1.142–2 Remedial actions.* * * * * (e) Nonqualified bonds — (1) Amount of nonqualified bonds.

  • Plus, the Free Exercise Clause only protects “beliefs rooted in religion.” Thomas, 450 U.S. at 713 (citations omitted and emphasis added).

Related to Nonqualified bonds

  • Nonqualified Stock Option means an Option that is not an Incentive Stock Option.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Stock Option Plan means any stock option plan now or hereafter adopted by the Company or by the Corporation, including the Corporate Incentive Award Plan.

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.

  • Company Stock Option Plan means the Company's 1999 Stock Option Plan.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Incentive Stock Option means an Option intended to qualify as an incentive stock option within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

  • Stock Option Agreement means the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to the Optionee’s Option.

  • Share Option Plan means any equity incentive plan of the General Partner, the General Partner Entity, the Partnership and/or any Affiliate of the Partnership.

  • Company Stock Option Plans means the 1996 Equity Incentive Plan, 1998 Stock Option Plan for Non-Employee Directors and 1999 Employee Stock Option Plan.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Incentive Stock Options means Option Rights that are intended to qualify as “incentive stock options” under Section 422 of the Code or any successor provision.

  • Company Stock Option means each option to purchase shares of Company Common Stock outstanding under the Company Stock Plans.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Nonqualified Deferred Compensation Rules means the limitations or requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Restricted Stock Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Award evidencing the terms and conditions of a Restricted Stock Award grant. Each Restricted Stock Award Agreement will be subject to the terms and conditions of the Plan.

  • Company Stock Options means issued and outstanding options to acquire Company Common Stock which were granted under the Company Stock Option Plans.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Non-Qualified Stock Option means any Stock Option that is not an Incentive Stock Option.

  • Stock Award Agreement means a written agreement between the Company and a holder of a Stock Award evidencing the terms and conditions of an individual Stock Award grant. Each Stock Award Agreement shall be subject to the terms and conditions of the Plan.

  • Non-Statutory Stock Option means a right to purchase Common Stock granted to an Eligible Recipient pursuant to Section 6 of the Plan that does not qualify as an Incentive Stock Option.

  • Nonstatutory Option means a stock option not described in Sections 422(b) or 423(b) of the Code.