When referring to the forgivable
loan, using such phrases as "award," "retention bonus," or "compensation" could jeopardize the attempt to constitute bona fide debt.
The Business Development Forgivable
Loan helps us 'bridge the gap' with hiring more people, moving offices, purchasing new equipment and training our new employees.
The above hypotheses also suggest that forgivable
loans and non-repaid loans further reduce the incentive of insiders to exploit uninformed shareholders and expose the insider to less downside risk than loans that are not, leading to our second hypothesis.
For example, if your program offers forgivable
loans for houses near your school, the number of faculty using campus services like a health clinic may increase.
Retail staff use their knowledge of the Louisville market to identify retail development sites, recruit retail services and developers, provide demographic and other information for site selection, facilitate the approval process and introduce financial and infrastructure incentives like gap financing, facade loans, retail forgivable
loans and public improvements (streetscape, landscaping).
he housing incentives usually consist of homeownership counseling, grants and forgivable
loans Cities also donate land in development sites or structures in designated areas.
That would be forgivable
if they had bothered to give us a group of characters who grabbed ahold of the screen.
Yet upon meeting Roberto Cuoghi for the first time last February, this apparent faux pas was forgivable
5 million forgivable
loan on the condition it create 40 jobs within three years of commencing operation.
The Choice Hotels International Minority Incentive Plan is, in a nutshell, a forgivable
loan program (see "The Choice Hotels Minority Incentive Plan"), where qualified minority entrepreneurs can receive up to $200,000 towards the opening of a Choice hotel property.
This unique employee benefit entitles each eligible employee to a $5,000 or $8,000 forgivable
loan to purchase their primary residence.
The 30-year-term first mortgage is fully amortized and the second mortgage is zero interest, no payment and fully forgivable
after 10 years of occupancy in the home (subject to repayment to the trust if the borrower sells the property and a qualified buyer does not assume the loan or if the borrower voluntarily refin ances it).
Such a description, and of himself as a "quite ordinary professor" (258), suggest that he recognizes the limits of that earlier age, but wishes (in a personal way forgivable
in a memoir) that such a Camelot might have lasted.
Earnway Industries will receive a $250,000 repayable contribution from the Federal Economic Development Initiative in Northern Ontario (FedNor) core industrial program and a $50,000 forgivable
loan from the Northern Ontario Heritage Fund.
The loss before interest, taxes, depreciation and amortization (EBITDA), adjusted to exclude non-cash compensation expense, write down of forgivable
loans and change in fair value of derivative instruments, was approximately $311,000 for the first quarter ended December 31, 2011, representing a decline of $1,436,000 as compared to an adjusted EBITDA profit of approximately $1,125,000, adjusted to exclude non-cash compensation expense, write down of forgivable
loans and change in fair value of derivative instruments, for the first quarter year ended December 31, 2010.