Examples of CIBC USA in a sentence
Pursuant to a tax-sharing arrangement, CIBC USA arranges for the payment of U.S. federal, state, and local income taxes on behalf of the entire consolidated group.
Notwithstanding the foregoing, Borrower Representative shall be permitted to maintain the Collateral Accounts outside CIBC or CIBC USA as expressly contemplated by clause (d) of the defined term “Permitted Investments”.
The Company reimburses or receives payment on a current basis from CIBC USA based upon its stand-aloneU.S. federal, state, and local tax liability.
The Company reimburses or receives payment on a current basis from CIBC USA based upon its proportionate share of the group’s total U.S. federal, state, and local tax liability.
The Company has a promissory note with CIBC USA and a master demand promissory note with affiliates to fund daily operations.
On December 1, 2017, CIBC USA transferred all of its subsidiaries including the Company to CIBC Bancorp a Delaware corporation and direct wholly owned subsidiary of the Parent.
As of October 31, 2016, the amount due from CIBC USA that pertains to income taxes was$49,694, recorded as due from affiliates – income taxes in the Consolidated Statement of Financial Condition.
As of April 30, 2015, the amount due from CIBC USA that pertains to income taxes was$10,117, recorded as due from affiliates – income taxes in the Consolidated Statement of Financial Condition.
As of April 30, 2016, the amount due from CIBC USA that pertains to income taxes was $31,459 recorded as due from affiliates – income taxes in the Consolidated Statement of Financial Condition.
As of October 31, 2017, the Company was a subsidiary of CIBC USA Holdings Inc.