Common Control Entity definition

Common Control Entity means an entity which —

Common Control Entity means any trade or business under common control (as such term is defined in Section 414(b) or 414(c) of the Code) with the Company.

Common Control Entity means any trade or business under common control (as such term is defined in Section 414(b) or 414(c) of the Code) with the Company or any Subsidiary.

Examples of Common Control Entity in a sentence

• Seller and each Common Control Entity have never sponsored, contributed to, nor been obligated to contribute to, (A) an employee pension benefit plan that is subject to Title I, Subtitle B, Part 3 of ERISA (relating to "FUNDING") or a Benefit Plan that is a multiemployer plan (as defined in Section 3(37) of ERISA), or (B) a voluntary employees' beneficiary association ("VEBA").

• No event has occurred and no condition exists under any Benefit Plan that would subject Seller or any Common Control Entity to any tax under Code Sections 4971, 4972, 4976, 4977, 4978, 4979, 4979A, 4980, 4980B, 4980C, 4980D and 4980E or to a fine under ERISA Section 502(c).

• Neither the Company nor any Common Control Entity has any liability for unpaid contributions with respect to any Pension Plan.

• Schedules 4.17 and 4.18 set forth an accurate and complete list of each Benefit Plan maintained or contributed to by Seller or any other Common Control Entity, since August 1996 (each such plan referred to as a "SCHEDULED BENEFIT PLAN").

• No filing has been made by SCTC or any Common Control Entity with the PBGC (and no proceeding has been commenced by the PBGC) to terminate any employee pension benefit plan subject to Title IV of ERISA maintained, or wholly or partially funded, by SCTC or any Common Control Entity.

More Definitions of Common Control Entity

Common Control Entity means any entity which is a member of a “controlled group of corporations” with, or is under “common control” with, the Borrower as defined in Section 414(b) or (c) of the Code. Multiemployer Plan” has the meaning set forth in Section 4001(a)(3) of ERISA and all rules and regulations promulgated from time to time thereunder. The term “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30-day notice period has been waived.

Common Control Entity has the meaning set forth in Section 3.25.1.

Common Control Entity has the meaning set forth in Section 5.26.1.

Common Control Entity shall have the meaning provided in Section 3.16(a)(ii).

Common Control Entity means any corporation or other trade or --------------------- business under common control with the Company as determined under Sections 414(b) or (c) of the Code. Consolidated Funded Debt - at any date means the aggregate amount ------------------------ of Funded Debt of the Company and all Restricted Subsidiaries at such date, determined on a consolidated basis, but excluding indebtedness if owed or guaranteed by a Restricted Subsidiary to the Company or any other Restricted Subsidiary or by the Company to a Restricted Subsidiary.

Common Control Entity is defined in Section 3.25(d). "Company" is defined in the first "Whereas" clause. "Company Financial Statements" is defined in Section 3.9. "Contracts" is defined in Section 3.20. "Convertible Notes" is defined in Section 2.1. "Disputed Claim" is defined in Section 7.3(b). "EBITDA" is defined in Section 2.1.2(ii). "EBITDA Base" is defined in Section 2.1.5(a). "EBITDA Notes" is defined in Section 2.1. "EBITDA Payment" is defined in Section 2.1.5. "EBITDA Statement" is defined in Section 2.1.3. "Employee Plan" is defined in Section 3.25. "Employment Agreement" is set forth in Exhibit 2.3(f) "ERISA" is defined in Section 3.25. "Estimated Purchase Price" is defined in Section 2.1. "Final Closing Working Capital Schedule" is defined in Section 2.1.3.

Common Control Entity shall have the meaning given to that term in Section 4.17 of this Agreement.