Qualified Distributions definition

Qualified Distributions means all distributions related to Qualifying Assets by way of any dividends or other distributions or through redemption or purchase of redeemable participating preference shares.
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Qualified Distributions means partnership distributions of CC II, L.P., made in accordance with Section 8.26 hereof. "Quarterly Dates" shall mean the last Business Day of each March, June, September and December the first of which shall be the last Business Day of March 1997. "Regulation D" shall mean Regulation D of the Board of Governors of the Federal Reserve System (or any successor thereto), as the same may be amended or supplemented from time to time. "Regulatory Change" shall mean, with respect to any Bank, any change after the date of this Agreement in United States federal, state or foreign laws or regulations (including Regulation D) or the adoption or making after such date of any interpretations, directives or requests applying to a class of banks including such Bank of or under any United States federal or state, or any foreign, laws or regulations (whether or not having the force of law) by any court or governmental or monetary authority charged with the interpretation or administration thereof. "Reserve Requirement" shall mean, for any Fixed Rate Loans on a daily basis, the maximum rate at which reserves (including any marginal, supplemental or emergency reserves) are required to be maintained (in the case of CD Loans) or the actual rate at which reserves (including any marginal, supplemental or emergency reserves) are maintained (in the case of LIBOR Loans), in each case during the Interest Period therefor, under Regulation D by member banks of the Federal Reserve System in New York City with deposits exceeding one billion Dollars against (a) in the case of LIBOR Loans, "Eurocurrency liabilities" (as such term is used in Regulation D) or (b) in the case of CD Loans, non- personal Dollar time deposits in an amount of $100,000 or more. Without limiting the effect of the foregoing, the Reserve Requirement shall reflect any other reserves required to be maintained by such member banks by reason of any Regulatory Change against (x) any category of liabilities which includes deposits by reference to which the Fixed Base Rate for LIBOR Loans or CD Loans (as the case may be) is to be determined as provided in the definition of "Fixed Base Rate" in this Section 1.1 or (y) any category of extensions of credit or other assets which include any Type of Fixed Rate Loan. "Restricted Payments" shall mean: (a) prepayments (other than prepayments of Capital Lease Obligations and Indebtedness permitted under Section 8.8(b) hereof) of principal of, or interest on, or any other amoun...
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Qualified Distributions from a ▇▇▇▇ ▇▇▇ are excludable from gross income. A “qualified distribution” is a distribution that satisfies two requirements: (1) the distribution must be made (a) after the owner of the IRA attains age 59 ½; (b) after the owner’s death; (c) due to the owner’s disability; or (d) for a qualified first time homebuyer distribution within the meaning of Section 72(t)(2)(F) of the Code; and (2) the distribution must be made in the year that is at least five years after the first year for which a contribution was made to any ▇▇▇▇ ▇▇▇ established for the owner or five years after a rollover, transfer or conversion was made from a non-▇▇▇▇ ▇▇▇ to a ▇▇▇▇ ▇▇▇. Distributions from a ▇▇▇▇ ▇▇▇ that are not qualified distributions will be treated as made first from contributions and then from earnings, and taxed generally in the same manner as distributions from a non-▇▇▇▇ ▇▇▇.
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Examples of Qualified Distributions in a sentence

  • For purposes of determining whether a distribution is taxable or subject to an additional 10 percent federal tax penalty on earnings, you must deter- mine whether the distribution is made in connection with the payment of Qualified Higher Education Expenses, as defined under Section 529 and dis- cussed under Qualified Distributions below, or fits within one of the excep- tions to treatment as a Non-Qualified Distribution.

  • Qualified Distributions receiving this treatment include Distributions: • Made to the estate of the Beneficiary after the death of the Beneficiary, • Attributable to the Beneficiary’s Disability, • Made because of a scholarship or educational assistance, with certain limitations, or • Made because of attendance at a U.S. military academy, with certain limitations.

  • Qualified Distributions that are not used for Qualified Expenses will be subject to federal income tax, but will not be subject to the 10% Penalty.

  • Qualified Distributions used for Qualified Expenses in the applicable tax year will not be subject to either federal income tax or the 10% Penalty.

  • As the Account Owner, you are respon- sible for satisfying the IRS requirements for proof of Qualified Distributions, which includes retaining any paper- work and receipts necessary to verify the type of distribution you received.

  • Special ▇▇▇▇ ▇▇▇ penalty taxes which require the filing of Form 5329 include the excise tax on excess contributions and the penalty tax for taking certain withdrawals that are not Qualified Distributions (see section I.(2)).

  • In addition, Non- Qualified Distributions are subject to a 10 percent federal tax penalty on earnings.

  • In addition, Non- Qualified Distributions are subject to a 10 percent federal tax penalty on earn- ings.

  • As a 529 Plan, there are three types of Distributions that can be made from the Prepaid Tuition Plan: Qualified Distributions, Non-Qualified Distributions, and Rollover Distributions.

  • Distributions that are not Qualified Distributions of ▇▇▇▇ ▇▇▇ earnings are subject to ordinary income taxes and the 10% early withdrawal penalty, subject to the exceptions described in the section titled “Early Withdrawal Penalty Tax”, below.