Electing Entity definition

Electing Entity means a KCN Investment Entity that seeks, pursuant to subsection 5.5.3 of this JKDA, to grant a security interest in distributions on its Units as collateral to a proposed lender to fund an Election Payment.
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Electing Entity means any legal entity that has agreed to be bound by the Program as provided herein.
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Electing Entity means a pass through entity described in
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Examples of Electing Entity in a sentence

  • The Electing Entity shall provide Hydro in writing with the name, business address, directors, officers and shareholders of the proposed lender and a description of the nature of its business, including a history of its lending practices, together with such other information as the Electing Entity considers desirable so as to enable Hydro to make an informed decision.

  • With respect to each Electing Entity for which an Election is made, Buyer and the applicable Sellers shall report the purchase and sale of the Shares of such Electing Entity consistent with the treatment of the purchase of such Shares as a “qualified stock purchase” and consistent with the Election and shall take no position inconsistent therewith in any Tax Return, any proceeding before any Taxing Authority or otherwise.

  • For U.S. federal income tax purposes, Seller and each Electing Entity shall treat the change in classification as a taxable sale of assets to each respective Electing Entity and shall not take any position for U.S. federal, state, or local income tax purposes that is inconsistent with such treatment.

  • In furtherance of the foregoing, the applicable Sellers shall execute and deliver to Buyer such documents or forms as Buyer shall reasonably request or as are required by applicable Law to effect an Election for each Electing Entity, including IRS Forms 8023 with respect to each such Electing Entity to be filed within 60 days of Closing Date.

  • As soon as reasonably practicable but in no event later than 30 days after the delivery of the allocation under Section 1.4, Buyer shall deliver to the applicable Sellers (in care of Seller Representative), a proposed IRS Form 8883 for each Electing Entity, based on the third party valuation of the assets prepared in accordance with applicable Law and the methodology on Exhibit 1.


More Definitions of Electing Entity

Electing Entity means a pass-through entity that elects or plans to elect to pay the PTE-E tax.¶
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Electing Entity has the meaning set forth in Section 5.8(j).
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Electing Entity means any legal entity which has agreed to be bound to the Plan as provided herein.
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Related to Electing Entity

  • Contracting entity means any person that has a primary business purpose of contracting with participating providers for the delivery of health care services.

  • Operating Entity means an entity that operates and controls a portion of the bulk transmission system with the goal of ensuring reliable energy interchange between generators, loads, and other operating entities.

  • Participating Entity means a state (as well as the District of Columbia and US territories), city, county, district, other political subdivision of a State, or a nonprofit organization under the laws of some states properly authorized to enter into a Participating Addendum, that has executed a Participating Addendum.

  • Constructing Entity means either the Transmission Owner or the New Services Customer, depending on which entity has the construction responsibility pursuant to Tariff, Part VI and the applicable Construction Service Agreement; this term shall also be used to refer to an Interconnection Customer with respect to the construction of the Customer Interconnection Facilities.

  • Converting entity means the domestic entity that approves a plan of conversion pursuant to Section 33‑43‑1143 or the foreign entity that approves a conversion pursuant to the law of its jurisdiction of formation.

  • Reporting Entity means the Constituent Entity that, by virtue of domestic law in its jurisdiction of tax residence, files the CbC Report in its capacity to do so on behalf of the MNE Group;

  • Managing entity means the managing agent or, if there is no managing agent, the time-share

  • holding entity means a person that is controlled by an individual;

  • Taxing entity means a public entity that:

  • Purchasing Entity means a state (as well as the District of Columbia and US territories), city, county, district, other political subdivision of a State, or a nonprofit organization under the laws of some states if authorized by a Participating Addendum, that issues a Purchase Order against the Master Agreement and becomes financially committed to the purchase.

  • Participating Entities and “Participating Entity” are defined on the Coversheet.

  • Controlling Entity means an entity which owns, directly or indirectly through one or more intermediaries, (i) a general partnership interest or a Controlling Interest of the limited partnership interests in Borrower (if Borrower is a partnership or joint venture), (ii) a manager's interest in Borrower or a Controlling Interest of the ownership or membership interests in Borrower (if Borrower is a limited liability company), (iii) a Controlling Interest of any class of voting stock of Borrower (if Borrower is a corporation), (iv) a trustee's interest or a Controlling Interest of the beneficial interests in Borrower (if Borrower is a trust), or (v) a managing partner's interest or a Controlling Interest of the partnership interests in Borrower (if Borrower is a limited liability partnership).

  • Sponsoring entity means a nonprofit corporation, nonprofit cooperative, state governmental entity, local unit of government as defined in ORS 466.706, housing authority or any other person, provided that the person has agreed to restrictive covenants imposed by a nonprofit corporation, nonprofit cooperative, state governmental entity, local unit of government or housing authority.

  • Competing Entity means any entity or person that is engaged, directly or indirectly, in a Competitive Business.

  • Operating Entities means, from time to time, the Persons in which the Holding Entities, directly or indirectly, hold interests and that (i) directly hold real estate assets, or (ii) indirectly hold real estate assets but all of the interests of which are not held, directly or indirectly, by the Holding Entities, other than, in the case of each of (i) and (ii), any Person in which the Holding Entities, directly or indirectly, hold interests for investment purposes only of less than 5% of the outstanding equity securities of that Person;

  • Implementing Entity means the [Implementing Entity] that is the party to this Agreement and the recipient of the Grant;

  • Consenting working interest owner means any working interest owner who enters into an agreement with SWN pertaining to the operation of the Posey B Unit.

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • Acquiring Entity means the surviving or acquiring corporation (or its parent company) in connection with a Corporate Transaction.

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Merging entity means an entity that is a party to a merger and exists immediately before the merger becomes effective.

  • qualifying entity shall have the meaning set forth in Section 5.2.13(b) hereof.

  • Holding Entities means the subsidiaries of Brookfield Renewable Energy L.P., from time to time, through which it indirectly holds all of the Partnership’s interests in the Operating Entities.

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

  • Interest Holder means any Person who holds an Interest, whether as a Member or as an unadmitted assignee of a Member.

  • Working interest owner means a person or the estate of a person who owns an interest in oil and/or gas in the unit area by virtue of a lease, operating agreement, fee title, or otherwise, including a carried interest, the owner of which is obligated to pay, either in cash or out of production or otherwise a portion of the unit expense. “Working interest owner” does not include an unleased mineral owner.