Classification of the Company as Corporation for Tax Purposes Sample Clauses

Classification of the Company as Corporation for Tax Purposes. (a) The Company has made an election to cause it to be classified as an association that is taxable as a corporation and, subject to clause (d) below, shall maintain such classification.
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Classification of the Company as Corporation for Tax Purposes. The Company has made an election to cause it to be classified as an association that is taxable as a corporation. If the Company is unable to qualify as a RIC during the liquidation of its portfolio following the Commitment Period, the Board may cause the Company to be classified as a partnership for U.S. federal tax purposes. Confidential & Proprietary Subject to Completion
Sample 1
Classification of the Company as Corporation for Tax Purposes. The Company has made an election to cause it to be classified as an association that is taxable as a corporation. If the Company is unable to qualify as a RIC during the liquidation of its portfolio following the Commitment Period, the Board may cause the Company to be classified as a partnership for U.S. federal tax purposes. Confidential & Proprietary Subject to Completion
Sample 1

Related to Classification of the Company as Corporation for Tax Purposes

  • Admission of the Corporation into a Consolidated Group; Transfers of Corporate Assets (a) If the Corporation is or becomes a member of an affiliated or consolidated group of corporations that files a consolidated income Tax Return pursuant to Section 1501 or other applicable Sections of the Code governing affiliated or consolidated groups, or any corresponding provisions of U.S. state or local law, then: (i) the provisions of this Agreement shall be applied with respect to the group as a whole; and (ii) Tax Benefit Payments, Early Termination Payments, and other applicable items hereunder shall be computed with reference to the consolidated taxable income of the group as a whole.

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