Blocker Corporation has the meaning set forth in Section 8.13(b).
Blocker Corporation means a special purpose Person that is classified as a corporation for U.S. federal income Tax purposes that directly or indirectly owns Units.
Blocker Corporation is defined in the recitals to this Agreement.
Examples of Blocker Corporation in a sentence
In connection with any Public Offering conducted using a structure described in the immediately preceding sentence, the owners of equity, debt or options issued by such Blocker Corporation shall be entitled to the same consideration (whether in the form of cash, publicly-traded property, non-publicly-traded property, or any combination thereof) that the Blocker Corporation would have received had it participated in the Public Offering in the same manner as the other Unitholders of the Company.
More Definitions of Blocker Corporation
Blocker Corporation is defined in Section 7.7(b).
Blocker Corporation means a corporation (or other entity treated as a corporation for U.S. tax purposes) through which any Institutional Holder owns, directly or indirectly, any Units or other interests in the Company as set forth in Section 8.5 (provided that a corporation (or other entity treated as a corporation for U.S. tax purposes) shall ☒be a "Blocker Corporation" only if and to the extent such corporation (or entity) satisfied the ☒requirements of this definition on the date hereof).
Blocker Corporation has the meaning assigned in Section 7.5(g).
Blocker Corporation has the meaning assigned to such term in Section 5.12(b)(x)(A).
Blocker Corporation has the meaning given to such term in Section 9.8(e).
Blocker Corporation is defined in the LLC Agreement.
Blocker Corporation means a corporation or other entity treated as a corporation for U.S. federal income tax purposes that holds directly or indirectly (through one or more entities that are either disregarded or classified as a partnership for U.S. federal income tax purposes, including the Brookfield Member) Units and (i) such entity has no material assets (directly or indirectly through the entities described in the first parenthetical of this definition) other than Units, cash or cash equivalents, and interests in entities described in the first parenthetical of this definition, and (ii) such entity (and the entities described in the first parenthetical of this definition) has no liability for taxes of any Person (other than for such entity and the entities described in the first parenthetical of this definition) as a transferee or successor, by operation of applicable Law, by contract or otherwise, except the extent that such liability is borne by the owners of securities in such Blocker Corporation (e.g., as a reduction to the proceeds to be received by such owners in connection with a disposition of the securities in such Blocker Corporation or through an indemnity for such liability).