Recapture Events definition

Recapture Events means the following:
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Recapture Events means any of the events listed on Exhibit F attached hereto.
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Examples of Recapture Events in a sentence

  • The Owner agrees to repay to the City the Repayment Amount if one or more of the following Recapture Events occurs before the end of the recapture period: • the Owner sells, conveys or transfers title to the Home for consideration;• The Owner refinances the Home in a manner such that it is not a Permitted Refinancing (as defined below).

  • Any action under this Article VI shall not serve to limit or deprive Florida Housing or the Treasury in or from the exercise of any other rights and remedies that they have under law or equity, or any rights and remedies provided herein with respect to Events of Default or Recapture Events.

  • Emissions Tier Recapture Events Under Section 48(a)(15)(E) Proposed § 1.48–15(f)(1), would provide that, for purposes of section 48(a)(15)(E), in any taxable year of the recapture period specified in proposed § 1.48–15(f)(3) in which an emissions tier recapture event (as defined in proposed § 1.48–15(f)(2)) occurs, the tax imposed on the taxpayer under chapter 1 of the Code for the taxable year of the emissions tier recapture event is increased by the recapture amount specified in proposed § 1.48–15(f)(4).

  • Upon the occurrence of any of the Recapture Events, the Agency may, upon at least ten (10) calendar days written notice to the Company, hold a hearing before the Chair or other designated party at which the Company will have the opportunity to provide, or explain its failure to provide, the information requested by the Agency.

  • The NCIDA has a Uniform Tax Exemption Policy (“UTEP”) on Recapture Events that states it may require the project to remit to the Agency a return of benefits conferred by the Agency in accordance with the Recapture Schedule36.

  • Emissions Tier Recapture Events Under Section 48(a)(15)(E) Proposed §1.48-15(f)(1), would provide that, for purposes of section 48(a)(15)(E), in any taxable year of the recapture period specified in proposed §1.48- 15(f)(3) in which an emissions tier recapture event (as defined in proposed §1.48- 15(f)(2)) occurs, the tax imposed on the taxpayer under chapter 1 of the Code for the taxable year of the emissions tier recapture event is increased by the recapture amount specified in proposed §1.48-15(f)(4).

  • CFR Parts 1 and 602[TD 9084 ]RIN 1545-AY27 Dual Consolidated Loss Recapture Events AGENCY: Internal Revenue Service (IRS), Treasury.ACTION: Final regulations.SUMMARY: This document contains final regulations under section 1503(d) regarding the events that require the recapture of dual consolidated losses.

  • Any action under this Article VI shall not serve to limit or deprive Florida Housing in or from the exercise of any other rights and remedies that it has under law or equity, or any rights and remedies provided herein with respect to Events of Default or Recapture Events.

  • Wenzel, Deputy Commissioner of Internal Revenue.(Filed by the Office of the Federal Register on October 4, 2002, 8:45 a.m., and published in the issue of the Federal Reg- ister for October 7, 2002, 67 F.R. 62417)Dual Consolidated Loss Recapture Events; Correction Announcement 2002–100AGENCY: Internal Revenue Service (IRS), Treasury.ACTION: Notice of proposed rulemaking and notice of public hearing.

Related to Recapture Events

  • Recapture Event means any of the following events:

  • Recapture Income means any gain recognized by the Partnership (computed without regard to any adjustment required by Section 734 or Section 743 of the Code) upon the disposition of any property or asset of the Partnership, which gain is characterized as ordinary income because it represents the recapture of deductions previously taken with respect to such property or asset.

  • Net Termination Loss means, for any taxable year, the sum, if negative, of all items of income, gain, loss or deduction recognized by the Partnership (a) after the Liquidation Date or (b) upon the sale, exchange or other disposition of all or substantially all of the assets of the Partnership Group, taken as a whole, in a single transaction or a series of related transactions (excluding any disposition to a member of the Partnership Group). The items included in the determination of Net Termination Loss shall be determined in accordance with Section 5.5(b) and shall not include any items of income, gain or loss specially allocated under Section 6.1(d).

  • Net Termination Gain means, for any taxable year, the sum, if positive, of all items of income, gain, loss or deduction recognized by the Partnership (a) after the Liquidation Date or (b) upon the sale, exchange or other disposition of all or substantially all of the assets of the Partnership Group, taken as a whole, in a single transaction or a series of related transactions (excluding any disposition to a member of the Partnership Group). The items included in the determination of Net Termination Gain shall be determined in accordance with Section 5.5(b) and shall not include any items of income, gain or loss specially allocated under Section 6.1(d).

  • Recapture Period means the period commencing on the Effective Date and ending on the fifth anniversary of the last date that a Project owned by the Company is Placed in Service.

  • Force Majeure Events means acts of war, domestic and/or international terrorism, civil riots or rebellions, quarantines, embargoes and other similar unusual governmental actions, extraordinary elements of nature or acts of God.

  • Base Year means the period set forth in Section 5 of the Summary.

  • Net Loss means, for each fiscal year or other applicable period, an amount equal to the Partnership’s taxable income or loss for such year or period as determined for federal income tax purposes by the General Partner, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a) of the Code shall be included in taxable income or loss), adjusted as follows:

  • Catastrophic Event means an unforeseen event of a biotic or abiotic nature caused by human action that leads to important disturbances in agricultural production systems or forest structures, eventually causing important economic damage to the farming or forestry sectors;

  • Tax Detriment means an increase in the Tax liability (or reduction in refund or credit or any item of deduction or expense) of a Taxpayer for any taxable period. Except as otherwise provided in this Agreement, a Tax Detriment shall be deemed to have been realized or incurred from a Tax Item in a taxable period only if and to the extent that the Tax liability of the Taxpayer for such period, after taking into account the effect of the Tax Item on the Tax liability of such Taxpayer in the current period and all prior periods, is more than it would have been had such Tax liability been determined without regard to such Tax Item.

  • Qualifying exigency means a situation where the eligible employee seeks leave for one or more of the following reasons:

  • Recapture Amount means, with respect to any Employment Violation by Grantee, the gross gain realized or unrealized by Grantee upon all vesting of Restricted Share Units or delivery or transfer of Vested Shares during the Look-back Period with respect to such Employment Violation, which gain shall be calculated as the sum of:

  • Credit Event Net Loss With respect to any Credit Event Reference Obligation, an amount equal to the excess, if any, of (a) the sum of: (i) the related Credit Event UPB; (ii) the total amount of prior principal forgiveness modifications, if any, on the related Credit Event Reference Obligation; and (iii) delinquent accrued interest thereon, calculated at the related Current Accrual Rate from the related last paid interest date through the date Freddie Mac determines such Reference Obligation has been reported as a Credit Event Reference Obligation, over (b) the related Net Liquidation Proceeds.

  • Special Events means sports complex events, City of Pittsburgh events, weather, and other events that have been or are identified as such by the RTMC.