Ten Year Rule definition

Ten Year Rule means the following:
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Ten Year Rule means, generally, the rule requiring that there be a period of at least ten (10) years between the date a seller conveys a project (which is applying for Acquisition Credits) and the later of: (i) the latest date such seller acquired ownership of the project and placed in service the last building to be placed in service in the project; or (ii) the latest date such seller substantially improved the last building to be so improved in the project.
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Examples of Ten Year Rule in a sentence

  • Please refer to Section 42(d) of the Code for exceptions to the Ten Year Rule.

  • If the development involves the acquisition of an existing building(s), provide a legal opinion from an attorney that the Ten Year Rule requirements will be or have been met or that the acquisition of the existing building is exempt from the Ten Year Rule.

  • The table is based on an allocation of bond proceeds between any “new money” (nonrefunding) portion, which will not be subject to the Ten Year Rule until ten years after the date of issuance, and any portion used, directly or indirectly, to refund one or more prior issues, each of which has its own ten year period which applies to the refunding issue.

  • The Ten Year Rule applies generally to all issues of tax-exempt qualified mortgage bonds issued after December 31, 1988.

  • Site improvements will include a new pergola, new planting, and a new monument sign.b. Relocation plan: See Exhibit No. 29 for details.c. Ten Year Rule: Arvada House has a Section 8 HAP contract and is exempt from the ten-year rule.

  • If the frequency and withdrawal date are not selected for either Single Life Expectancy, Five Year Rule, or Ten Year Rule distribution options, we will default to annually on the 25th of the current month.

  • A faculty member who has been in rank for ten years or more may, upon written request, be considered for promotion under the Ten Year Rule which allows for increased emphasis to excellent and significant contributions to teaching and to service.

  • Red also has a Ten Year Rule (although not of their own making): their forces are typically one technological generation behind Blue’s forces.

  • Short-term political objectives dominated.In 1919, Churchill proposed the Ten Year Rule.

  • Page 6-19 Major reconstruction is work that improves either the structural load carrying capacity of the bridge or substantially alters the roadway geometry of the bridge.‌ Unforeseen phenomena may be grounds for exemption from Ten Year Rule #1.

Related to Ten Year Rule

  • Election Year means a year in which ordinary elections for local governments are required to be held;

  • Limitation Year means the Plan Year.

  • Open Year has the meaning specified in Section 4.01(r)(iii).

  • Plan Year means the calendar year.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Plan Year(s means the approximate twelve-month periods between annual meetings of the shareholders of the Company, which, for purposes of the Plan, are the periods for which annual retainers are earned.

  • Top Heavy Plan Year means a Plan Year during which the Plan is a Top Heavy Plan.

  • taxation year means the calendar year to which an assessment roll applies for the purposes of taxation;

  • Look-Back Year means the Plan Year preceding the Determination Year.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Elective Deferrals mean Compensation and Elective Deferrals for: . [Note: The Employer must complete the blank line with the applicable time period for computing the Basic Match, such as "each payroll period," "each calendar month," "each Plan Year quarter" or "the Plan Year."]

  • Nonhighly Compensated Employee means an Employee who is not a Highly Compensated Employee.

  • Determination Year means the Plan Year for which testing is being performed, and the “look-back year” means the immediately preceding twelve (12) month period.

  • Non-Highly Compensated Employee means an Employee who is not a Highly Compensated Employee.

  • Prior Year means the year commencing 1 April immediately prior to the relevant Charging Year;

  • Taxable Year means a taxable year of the Corporate Taxpayer as defined in Section 441(b) of the Code or comparable section of state or local tax law, as applicable (and, therefore, for the avoidance of doubt, may include a period of less than 12 months for which a Tax Return is made), ending on or after the IPO Date.

  • Highly Compensated Employee means any Employee who:

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Deferral Period has the meaning set forth in Section 3(h) hereof.

  • Non-Highly Compensated Participant means any Participant who is neither a Highly Compensated Employee nor a Family Member.

  • Election cycle means the period beginning on the first day persons are eligible to

  • Qualified Election Period means the six Plan Year period beginning with the Plan Year in which the Participant first becomes a Qualified Participant.

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;

  • Termination Year means the calendar year in which the Employment Period is terminated.