Election Corporation definition

Election Corporation has the meaning specified in Section 11.1(g).
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Election Corporation means the Company and any of its Subsidiaries to the extent that the Company and any such Subsidiary is subject to a Section 338(h)(10) Election.
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Election Corporation means any Company that is subject to a Section 338(h)(10) Election (or a similar state or local election).
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Examples of Election Corporation in a sentence

  • All such insurance shall be issued by insurers authorized to do business in Michigan and who carry and maintain a minimum rating assigned by AM Best & Company’s Key Rating Guide of “A-” and a minimum Financial Size Category of “V.” The foregoing required insurance shall be primary in respects to any other insurance the City may have, including its self-insured retentions, which shall not be required to contribute and shall be considered excess only.

  • With respect to each Section 338(h)(10) Election, as soon as practicable after the Closing Date, Buyer shall determine (A) the aggregate deemed sales price at which an Election Corporation is deemed to have sold its assets for Tax purposes as a result of a Section 338(h)(10) Election (“ADSP”) and (B) the allocation of ADSP among the assets of the Election Corporation, as applicable (collectively, the “Election Allocations”).

  • With respect to each Section 338(h)(10) Election, as soon as practicable after the Closing Date, but not later than one hundred eighty (180) days thereafter, Buyer shall determine (A) the aggregate deemed sales price at which an Election Corporation is deemed to have sold its assets for Tax purposes as a result of a Section 338(h)(10) Election (“ADSP”) and (B) the allocation of ADSP among the assets of the Election Corporation, as applicable (collectively, the “Election Allocations”).

  • With respect to each Section 338(h)(10) Election (or similar state or local election), as soon as practicable after the Closing Date, Purchaser shall determine (i) MADSP and (ii) the allocation of MADSP among the assets of the Election Corporation (collectively, the "ELECTION ALLOCATIONS"), in accordance with Section 338 of the Code and the applicable Treasury regulations thereunder.

  • Former Chairman of Independent Election Corporation of America, a proxy tabulating firm.

  • AMRESCO will allow Purchaser an opportunity to review and comment upon such Tax Returns (including any amended returns) to the extent that they relate to an Election Corporation and with respect to a jurisdiction in which no Section 338(h)(10) Election pursuant to this Agreement was made or recognized.


More Definitions of Election Corporation

Election Corporation means any Target Company to the extent that Target Company is subject to a Section 338(h)(10)
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Election Corporation means each Purchased Entity listed on Schedule 4.15(h) hereto.
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Election Corporation means any Acquired Company to the extent that Acquired Company is subject to a Section 338(h)(10)
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Related to Election Corporation

  • Corporation/ Corpn./ Department means the Central Warehousing Corporation.

  • Gas Corporation means the body corporate established by section 4 of the Gas Corporation Act 1994;

  • Acquisition Corp. shall have the meaning given to such term in the preamble to this Agreement.

  • Public corporation means a county, city, village, township, port district, drainage district, special assessment district, or metropolitan district of this state, or a board, commission, or another authority or agency created by or under an act of the legislature of this state.

  • School Corporation means the Western Xxxxx County Community School Corporation of the County of Xxxxx of the State of Indiana;

  • Family farm corporation means a corporation founded for the purpose of farming agricultural land in which the majority of the voting stock is held by and the majority of the stockholders are persons or the spouse of persons related to each other within the fourth degree of kinship, according to the rules of the civil law, and at least one of the related persons is residing on or actively operating the farm, and none of whose stockholders are a corporation. A family farm corporation does not cease to qualify under this division where, by reason of any devise, bequest, or the operation of the laws of descent or distribution, the ownership of shares of voting stock is transferred to another person, as long as that person is within the degree of kinship stipulated in this division.

  • Domestic Corporation means an entity that is treated as a corporation for United States federal income tax purposes and is a U.S. Tax Person.

  • of a corporation means all classes of Capital Stock of such corporation then outstanding and normally entitled to vote in the election of directors.

  • Next Michigan development corporation means that term as defined in section 3 of the next Michigan development act, 2010 PA 275, MCL 125.2953.

  • Service corporation means a corporation organized under ss. 180.1903 to 180.1921.

  • Mutual holding company means that term as defined in section 10(o) of the home owners' loan act, chapter 64, titles III and IX of Public Law 101-73, 12 U.S.C. 1467a, and OTS regulations governing mutual holding companies.

  • Asset Management Plan means a strategic document that states how a group of assets are to be managed over a period of time. The plan describes the characteristics and condition of infrastructure assets, the levels of service expected from them, planned actions to ensure the assets are providing the expected level of service, and financing strategies to implement the planned actions. The plan may use any appropriate format, as long as it includes the information and analysis required to be in a plan as described in Ontario’s Building Together: Guide for Asset Management Plans.

  • Eligible Corporation means any domestic C corporation (as defined in section 1361(a)(2) of the Code) other than a corporation which is exempt from, or is not subject to, tax under section 11 of the Code, an entity described in section 851(a) or 856(a) of the Code, a REMIC; or an organization to which part I, subchapter T, chapter 1, subtitle A of the Code applies. The Term "Related Person" means any person that bears a relationship to the Transferee enumerated in section 267(b) or 707(b)(1) of the Code, using "20 percent" instead of "50 percent" where it appears under the provisions; or is under common control (within the meaning of section 52(a) and (b) of the Code) with the Transferee.

  • Owners Corporation means the Owners’ corporation of the Lot and the Development incorporated and registered under the Building Management Ordinance (Cap.344);

  • Asset Management is a principle/practice that includes planning processes, approaches, plans, or related documents that support an integrated lifecycle approach to the effective stewardship of infrastructure assets to maximize benefits and effectively manage risk.

  • Professional corporation means a corporation incorporated under former 1962 PA 192, or a corporation incorporated under this act and governed by chapter 2A.

  • QUALIFIED MUNICIPAL CORPORATION means a municipal corporation that, by resolution or ordinance adopted on or before December 31, 2011, adopted Ohio adjusted gross income, as defined by section 5747.01 of the Ohio Revised Code, as the income subject to tax for the purposes of imposing a municipal income tax.

  • Qualifying corporation means any person classified for federal income tax purposes as an association taxable as a corporation, except either of the following:

  • LLC means Limited Liability Company.

  • S corporation means a person that has made an election under subchapter S of Chapter 1 of Subtitle A of the Internal Revenue Code for its taxable year.

  • Mutual housing corporation means a corporation not-for-profit,

  • Municipal corporation means, in general terms, a status conferred upon a local government unit, by state law giving the unit certain autonomous operating authority such as the power of taxation, power of eminent domain, police power and regulatory power, and includes a joint economic development district or joint economic development zone that levies an income tax under section 715.691, 715.70, 715.71, or 715.74 of the Ohio Revised Code.

  • Corporate Secretary means the corporate secretary of the Corporation;

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • CORA means the Colorado Open Records Act, §§24-72-200.1 et. seq., C.R.S.

  • Subchapter S Corporation (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of stock of Borrower, or (d) purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.