Disregarded Subsidiary definition

Disregarded Subsidiary means any Disregarded Entity that is held by the Company directly or indirectly through other Disregarded Entities.

Disregarded Subsidiary any Subsidiary that is disregarded as an entity separate from its sole owner under Treasury Regulation Sections 301, 7701-2(c)(2) or -3(b).

Disregarded Subsidiary means any Subsidiary that has no material assets other than the Capital Stock and/or Indebtedness of one or more Foreign Subsidiaries that are “controlled foreign corporations” (as defined in Section 957(a) of the Code) or one or more Disregarded Subsidiaries, IP Rights related to such Foreign Subsidiaries or Disregarded Subsidiaries, Cash or Cash Equivalents and other incidental assets related thereto.

Examples of Disregarded Subsidiary in a sentence

• All Property Taxes levied (and refunds received) with respect to the Purchased Assets or the assets of any Disregarded Subsidiary Company for the Straddle Tax Period, and all contingent expenses paid to consultants for appealing such Property Taxes, shall be apportioned between Buyer and Seller based on the number of days of such Straddle Tax Period included in the Pre-Closing Tax Period and the number of days of such Straddle Tax Period included in the Post-Closing Tax Period.

• For avoidance of doubt, the Covered Tax Liability of the Company for any taxable period shall be determined by including each Company Disregarded Subsidiary’s distributive share of the LLC’s taxable income (including any items of income, gain, loss or deduction allocated to such Company Disregarded Subsidiary under principles of Code Section 704(c)) for such taxable period.

• Each Disregarded Subsidiary (other than Casino Computer Programming, Inc., an Indiana corporation (“CCPI”)) has been “disregarded as an entity separate from its owner” within the meaning of Treasury Regulation Section 301.7701-3(b)(ii) for federal Income Tax purposes at all times since its acquisition by the Company.

• The Strategic Plan Financial Policies discussed in Section 3.1 provide some basic guidelines for financial planning.

More Definitions of Disregarded Subsidiary

Disregarded Subsidiary shall have the meaning set forth in Section 1.10.

Disregarded Subsidiary means any Subsidiary that is not organized as a corporation and for federal income tax purposes has only a single owner.

Disregarded Subsidiary means a Company Subsidiary that is treated as a disregarded entity for U.S. federal income Tax purposes.

Disregarded Subsidiary means a Subsidiary of Crown Holdings that is disregarded as an entity separate from its owner for

Disregarded Subsidiary means any Subsidiary that is not organized as a corporation and for federal income tax purposes has only a single

Disregarded Subsidiary any Subsidiary if all or substantially all of its assets, directly or indirectly through one or more Subsidiaries that are disregarded entities for U.S. federal income tax purposes, consist of cash and the Capital Stock and debt of one or more Foreign Subsidiaries that are CFCs.

Disregarded Subsidiary means a Subsidiary of Crown Holdings that is disregarded as an entity separate from its owner for U.S. federal income tax purposes and that has no material assets other than Capital Stock of one or more Non-U.S. Subsidiaries that are CFCs.