CCL Distribution definition

CCL Distribution means the distribution by Corning to the Corning shareholders of the CCL Common Stock.
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CCL Distribution means the distribution by Corning to the Corning shareholders of the stock of CCL as more particularly described in the Transaction Agreement. "CCL Domestic Companies" shall mean, collectively, each CCL Company incorporated or organized under the laws of one of the respective States of the United States. "CCL Group" shall mean the affiliated group of corporations as defined in Section 1504(a) of the Code of which CCL is the common parent, not including Covance or any member of the Covance Group and determined as if the capital stock of CCL is widely held. "CCL Returns" shall have the meaning as described in Section 2.03 below. "CCL Return Period" shall mean a taxable period to which this Agreement applies and for which a CCL Return is filed. "CCL Separate Liability" shall have the meaning as described in Section 4.01. "CI Consolidated Return" shall mean any consolidated federal income tax return or amendment thereof of the CI Group which includes one or more of the CCL Domestic Companies or the Covance Domestic Companies.
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CCL Distribution means (a) any dividend or distribution (whether of cash or assets in specie) by the Company for any financial period (whenever paid or made and however described) (and for these purposes a distribution of assets in specie includes without limitation an issue of shares or other securities credited as fully or partly paid (other than Shares credited as fully paid to the extent an adjustment to the Conversion Price is made in respect thereof under Paragraph 5(C)(2)(i)) by way of capitalisation of reserves and including any CCL Scrip Dividend to the extent of the CCL Relevant Cash Dividend) unless it comprises a purchase or redemption of Shares by or on behalf of the Company (or a purchase of Shares by or on behalf of a Subsidiary of the Company), where the weighted average price (before expenses) on any one day in respect of such purchases does not exceed the CCL Current Market Price of the Shares as published in the Daily Quotation Sheet of the GEM or the equivalent quotation sheet of the CCL Alternative Stock Exchange, as the case may be, by more than five per cent. either (1) on that date, or (2) where an announcement has been made of the intention to purchase Shares at some future date at a specified price, on the GEM Trading Day immediately preceding the date of such announcement and, if in the case of either (1) or (2), the relevant day is not a GEM Trading Day, the immediately preceding the GEM Trading Day.
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Examples of CCL Distribution in a sentence

  • If for any taxable period beginning on or after the date of the CCL Distribution, a CCL Company or a Covance Company incurs a net capital loss, business credit or other Tax attribute that must be carried back to a CI Consolidated Return (each a "Carryback Item"), such CCL Company or Covance Company may file a refund claim reflecting such Carryback Item only after having obtained a written consent from Corning.

  • If for any taxable period beginning on or after the date of the CCL Distribution, a CCL Company or a CPS Company incurs a net capital loss, business credit or other Tax attribute that must be carried back to a CI Consolidated Return (each a "Carryback Item"), such CCL Company or CPS Company may file a refund claim reflecting such Carryback Item only after having obtained a written consent from Corning.