Internal Revenue Code. The term “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended.
Internal Revenue Code. The Borrower is qualified, and intends to continue to qualify, as a "regulated investment company" within the meaning of the Code.
Internal Revenue Code. The District has complied with the Internal Revenue Code of 1986, as amended, with respect to the Bonds.
Internal Revenue Code. Any references to a section of --------------------- the Internal Revenue Code shall mean that section of the Internal Revenue Code of 1986, or to the corresponding section of such Code, as from time to time amended.
Internal Revenue Code. Notwithstanding anything in this Agreement to the contrary (other than this paragraph), in the event that Arthur Andersen & Co. (xx xxs xxccessor) determines that any payment by the Company to or for the benefit of the Officer pursuant to the terms of this Agreement would be nondeductible by the Company for federal income tax purposes because of Section 280G of the Code, then the amount payable to or for the benefit of the Officer pursuant to this Agreement shall be reduced (but not below zero) to the maximum amount payable without causing the payment to be nondeductible by the Company because of Section 280G of the Code; provided, however, that notwithstanding the preceding clause of this sentence, if Section 280G of the Code is amended after the date on which this Agreement has been executed and if the amendment has the effect of reducing the amount of deductible payments that may be made by the Company to the Executive under Section 280G of the Code to an amount less than what would have been deductible by the Company under Section 280G of the Code as in effect on October 1, 1997, the maximum amount payable to the Executive under this paragraph 4(d) shall be determined without regard to any amendment to Section 280G of the Code; provided, further, that if solely by reason of any amendment to Section 280G of the Code an excise tax is imposed on the Executive under Section 4999 of the Code as a result of payments made under this Agreement, the Company shall increase the benefit payable to the Executive under this Agreement by an amount ("Make Whole Payment") which, after taking into account the additional federal, state and local income taxes or the amount (including the Code Section 4999 excise tax that would be imposed on the Make Whole Payment), would reimburse the Executive fully for the Code Section 4999 tax that is imposed on the other payments made hereunder and put the Executive in same net after-tax position with respect to this Agreement that he would have been but for the excise tax. Such determination by Arthur Andersen & Xx. (or itx xxxxxxsor) shall be conclusive and binding upon the parties.
Internal Revenue Code. References to the Internal Revenue Code or to its provisions are to the Internal Revenue Code of 1986, as amended from time to time, and the corresponding Regulations, if any. References to the Regulations are to the Regulations under the Internal Revenue Code in effect from time to time. If a particular provision of the Internal Revenue Code is renumbered, or the Internal Revenue Code is superseded by a subsequent federal tax law, any reference is deemed to be made to the renumbered provision or to the corresponding provision of the subsequent law, unless to do so would clearly be contrary to the Company’s intent as expressed in this Agreement. The same rule shall apply to references to the Regulations.
Internal Revenue Code. The Internal Revenue Code of 1986, as amended to the date hereof and from time to time hereafter, any successor statute and any regulations or guidelines promulgated thereunder.
Internal Revenue Code. All Options granted hereunder are granted pursuant to the Internal Revenue Code, as amended, as it is in force and effect at the date of grant.
Internal Revenue Code. The District has complied with the Internal Revenue Code of 1986, as amended, with respect to the Bonds, and the District shall not knowingly take or omit to take any action that, under existing law, may adversely affect the exclusion from gross income for federal income tax purposes, or the exemption from any applicable State tax of the interest on the Bonds.
Internal Revenue Code. This Agreement is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and the published guidance thereunder. To the extent any party hereto reasonably determines that any provision of this Agreement would subject Optionee to the excise tax under Section 409A of the Code, the parties agree in good faith to cooperate to reform this Agreement in a manner that would avoid the imposition of such tax on Optionee while preserving any affected benefit or payment to the extent reasonably practicable without increasing the cost to the Company, Parent or Merger Sub. Nothing contained in this Agreement is intended to constitute a guarantee of Optionee’s personal tax treatment. No adjustment shall be made under this Section 8 without the written consent of the Optionee.
