Qualifying use definition

Qualifying use has the meaning set forth in Section 6.11.
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Qualifying use means the use or intended use of property, or portions thereof, for retailing, office-related, and administrative activities, collectively referred to in this rule as "qualifying ac- tivities."
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Qualifying use generally means:
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Examples of Qualifying use in a sentence

  • Subject to Section 7.5, Purchaser agrees that, without limiting Purchaser’s other obligations under this Article VII, it will use all of the Energy purchased under this Agreement in compliance with the Qualifying Use Requirements.

  • Purchaser shall not in any case have an obligation to make a payment to Issuer with respect to any Remarketing Fee (as defined in the Prepaid Agreement) charged by MSES under the Prepaid Agreement Section 7.4 Qualifying Use.

  • Without limiting Purchaser’s other obligations under this Article VII, Purchaser agrees that it will use all of the Gas purchased under this Agreement in compliance with the Qualifying Use Requirements.

  • Acquiror represents to Sellers that it has no intention or expectation of using the LNG Facilities for any purpose other than the Qualifying Use described in the preceding sentence.

  • To the extent Purchaser does so, Purchaser shall, to the extent possible, use the proceeds of such remarketing to purchase Commodities (other than Priority Commodities) that Purchaser uses in compliance with the Qualifying Use Requirements by not later than the end of the calendar quarter (each calendar quarter, a “Quarter”) in which such proceeds were received.

  • Without limiting Purchaser’s other obligations under this Article VII, Xxxxxxxxx agrees that, subject to Section 7.5, it will use all of the Product purchased under this Agreement in compliance with the Qualifying Use Requirements.

  • The Parties acknowledge that Purchaser may at times need to‌ remarket, or may at times inadvertently remarket, Gas received under this Agreement or, with respect to Electricity generated using Gas received under this Agreement, may sell or utilize the Electricity in a manner that does not comply with the Qualifying Use Requirements needs.

  • Acquiror agrees that it will notify Sellers in writing of any use of the Facilities different than the Qualifying Use described above as soon as practicable after it decides to commence such different use and in no event later that five business days after such different use commences.

  • Buyer acknowledges that Seller financed the Purchased Assets set forth on Schedule 6.10 with the proceeds of tax-exempt bonds and that the continuing tax-exempt status of such bonds depends on the continuing qualifying use of such assets as property used to xxxxx or control water or atmospheric pollution or contamination by removing, altering, disposing or storing pollutants, contaminants, water or heat within the meaning of Section 103(b)(4)(F) of the Code ("Qualifying Use").

  • Accordingly, Transferee shall give Transferor written notice of any change in the use of such assets from their current Qualifying Use that occurs before the maturity date of such bonds, as set forth on Schedule 6.9. Such notice shall be given at least ten (10) Business Days prior to such change in use.


More Definitions of Qualifying use

Qualifying use means the primary use to which the property is devoted that qualifies the property for current use valuation under O.C.G.A. Section 48-5-7.4;
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Qualifying use means used or intended to be used by a business for
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Qualifying use with respect to Product or natural gas has the meaning ascribed to such term in Treasury Regulations Section 1.148-1(e)(2)(iii)(A)(2) or (B)(2), as applicable.
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Related to Qualifying use

  • Qualifying utility means an electric utility, as the term

  • Qualifying Facility means an electric energy generating facility that complies with the qualifying facility definition established by PURPA and any FERC rules as amended from time to time (18 Code of Federal Regulations Part 292, Section 292.203 et seq.) implementing PURPA and, to the extent required to obtain or maintain Qualifying Facility status, is self-certified as a Qualifying Facility or is certified as a Qualified Facility by the FERC.

  • Qualifying job means a permanent full-time job that:

  • Qualifying patient means a person who:

  • Qualifying business means a business which establishes a qualifying project in this state and which is certified by the Department of Economic Opportunity to receive tax credits pursuant to this section.

  • Qualifying project means (i) any education facility, including, but not limited to a school building,

  • qualifying person means a person in respect of whom payment has been made from the Fund, the Eileen Trust, MFET Limited, the Skipton Fund, the Caxton Foundation or the London Bombings Relief Charitable Fund;

  • Qualifying Period means 12 continuous Calendar Weeks during the whole or part of which the Agency Worker is supplied by one or more Temporary Work Agencies to the relevant Hirer to work temporarily for and under the supervision and direction of the relevant Hirer in the same role, and as further defined in the Schedule to these Terms;