Qualifying Person

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Qualifying Person

A person whom the head of household may claim as a dependent when filing his/her taxes. Examples of qualified persons may include spouses, children and elderly relatives for whom one financially provides.
References in periodicals archive ?
In connection with the business combination, the Partnership has issued to the limited partners of Old PSCP and PSCP IV who are Qualifying Persons units in the Partnership ("Units") at exchange rates of 1.
Certificates representing Units will not be delivered to Qualifying Persons until they have completed and submitted a Letter of Transmittal and Power of Attorney along with their certificates to the Partnership's transfer agent.
31, 1998, will be paid only to those Qualifying Persons who have exchanged their units in Old PSCP and PSCP IV for Units in the Partnership.
For persons who are not Qualifying Persons, the Partnership has acquired the units of Old PSCP and PSCP IV at the price of $17.
Persons who are not Qualifying Persons who submit certificates representing their units of Old PSCP and PSCP IV to the transfer agent after June 30, 1999, will have their units acquired by the Partnership at a price which is the lower of (i) the applicable exchange ratio times the market price of the Partnership's units on the date the documentation is submitted and (ii) the applicable exchange ratio times $17.

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