SECTION 1311 Sample Clauses
SECTION 1311 refers to a provision in the Internal Revenue Code that allows the IRS or taxpayers to correct errors in tax determinations from previous years, even if the statute of limitations has expired. This clause applies when an error is discovered that would otherwise be barred from correction due to time limits, provided certain conditions are met, such as the existence of a "double inclusion" or "double exclusion" of income or deductions. Its core practical function is to ensure fairness and accuracy in tax administration by permitting adjustments to prior tax years when strict adherence to limitation periods would result in inequitable outcomes.
SECTION 1311. Provisions as to Consolidation, Merger or Sale of Assets................................. 81 SECTION 1312. Disclaimer of Responsibility for Certain Matters......................................... 82
SECTION 1311. Trustee Not Fiduciary for Holders of Senior Debt...........................
SECTION 1311. Cancellation of Converted Bonds........... 67
SECTION 1311. 37 For purposes of this section, full-time-equivalency (FTE) is that number denoting full-time 38 assignment as defined in statute and regulations as now or hereinafter amended. Currently, that 39 definition is that full time equivalency is determined as all hours compensated (except for 40 overtime) divided by one thousand four hundred forty (1,440). 41 42 Section 13.1.2. 43 New employees desiring coverage must enroll in the insurance programs within fifteen (15) 44 days of their orientation date. Regular employees shall have the option, consistent with the 45 requirements of provider contracts, to change or enroll in insurance programs during the open 46 enrollment period specified by the District (normally the month of September through the 47 second Friday of October of each year).
SECTION 1311. Article Thirteen Not to Prevent Events of Default..............................71 -vi- SECTION 1312. No Fiduciary Duty of Trustee to Holders of Senior Indebtedness.................71 SECTION 1313. Article Applicable to Paying Agent.............................................72 ARTICLE FOURTEEN
SECTION 1311. Provisions in the Case of Consolidation, Merger or Sales of Assets.................................... 66 Section 1312. Responsibility of Trustee.......................... 67 ARTICLE FOURTEEN Defeasance and Covenant Defeasance..............
SECTION 1311. Article Thirteen Not to Prevent Events of Default........................................ 49
SECTION 1311. RIGHTS OF TRUSTEE AS HOLDER OF SENIOR DEBT.................................69 SECTION 1312. ARTICLE APPLICABLE TO PAYING AGENTS........................................69 SECTION 1313. RIGHTS AND OBLIGATIONS SUBJECT TO POWER OF COURT...........................70 INDENTURE THIS INDENTURE, dated as of ______________, 2000, between Onyx Acceptance Corporation, a Delaware corporation (the "Company"), having its principal office at 2705▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇▇▇ Bankers Trust Company, a New York banking corporation (the "Trustee"), currently located at Four Alba▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇.
SECTION 1311. RIGHTS OF TRUSTEE AS A HOLDER OF SENIOR INDEBTEDNESS: PRESERVATION OF TRUSTEE'S RIGHTS......................70 SECTION 1312. ARTICLE APPLICABLE TO PAYING AGENTS.........................70 SECTION 1313. NO SUSPENSION OF REMEDIES...................................71 SECTION 1314. TRUST MONEY NOT SUBORDINATED................................71 THIS INDENTURE, dated as of November __, 1996 (the "Indenture"), is between CALLON PETROLEUM COMPANY, a corporation duly organized and existing un▇▇▇ ▇▇e laws of the State of Delaware (hereinafter called the "Company"), having executive offices located at 200 North Canal Street, Natchez, Mississippi 39120 and AMERICAN STOCK ▇▇▇▇▇▇▇▇ & ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ized and existing under the laws of the State of New York (hereinafter called the "Trustee"), having its principal corporate trust office at 40 Wall Street, 46th Floor, New York, New York 10005. ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇pany has duly authorized the execution and delivery of this Indenture to provide for the issuance of its __% Senior Subordinated Notes due 2001 (hereinafter called the "Notes"), to be issued in such amount and to have such provisions as are hereinafter set forth. All things necessary to make this Indenture a valid agreement of the Company, in accordance with its terms, have been done. This Indenture is subject to the provisions of the Trust Indenture Act of 1939, as amended, and the rules and regulations of the Securities and Exchange Commission promulgated thereunder that are required to be part of this Indenture and, to the extent applicable, shall be governed by such provisions.
SECTION 1311. No Fiduciary Duty by Trustee to Holders of Senior Debt. . . 75 SECTION 1312. Paying Agent Treated as Trustee . . . . . . . . . . . . . . 75