Assertion: debt instrument's amount | /r/CapableOf | become fixed
Facets:
Source sentences:
text: This paragraph (b)(9)(ii) provides rules that apply when the amount of a contingent payment becomes fixed before the payment is due.
text: The contingent payment is no longer treated as a contingent payment after the date the amount of the payment becomes fixed.
text: §1.1275-4(b)(9)(ii) contains a special rule for CPDIs where the amount of a contingent payment can become fixed more than 6 months prior to the time such contingent amount is payable.
text: In general, this special rule treats a positive or negative adjustment as occurring when the amount of the future contingent payment or payments becomes fixed rather than when the payments are made.
text: The amount of the adjustment is the discounted value (discounting at the comparable yield) of the difference between the amount of the payment(s) that becomes fixed and the projected amounts of the payment(s).
text: Notwithstanding paragraph (h)(6)(ii) of this section, in the case of a contingent payment debt instrument subject to § 1.1275-4, if a change in circumstances occurs, no retirement or reissuance is treated as occurring, but any payment that is fixed as a result of the change in circumstances is governed by the rules in § 1.1275-4 that apply when the amount of a contingent payment becomes fixed.