Exchange Assets definition

Exchange Assets means each asset that is held by MNG or by any of its direct or indirect subsidiaries that is treated as a partnership or disregarded entity for purposes of the applicable Tax, at the time of an Exchange.

Exchange Assets means the assets owned by Lazard Group as of an applicable Exchange Date (and any asset whose tax basis is determined, in whole or in part, by reference to the adjusted basis of any such asset).

Exchange Assets means the assets owned by IBG LLC as of an applicable Exchange Date (and any asset whose tax basis is determined, in whole or in part, by reference to the adjusted basis of any such asset).

Examples of Exchange Assets in a sentence

• Capital gain on transfer of Foreign Exchange Assets, not to be charged in certain cases.

• Notwithstanding any other provision of this Agreement, the Corporation may seek, at its own expense, an opinion from a nationally recognized law firm regarding whether any Basis Adjustment with respect to Exchange Assets will result in any amortization or depreciation being available to the Corporation, and the Corporation shall be permitted to rely on such opinion in creating any Tax Benefit Schedule.

• The parties expect that all or substantially all of the Basis Adjustment with respect to the Exchange Assets will relate to good will and/or going concern value, which adjustment will be amortized over 15 years for U.S. federal income tax purposes.

• All Tax Benefit Payments (other than amounts accounted for as interest under the Code) will (A) be treated as subsequent upward purchase price adjustments that give rise to further Basis Adjustments to Exchange Assets for UCP, Inc.

• With respect to any Asset Exchanges in respect of a Covered Asset, a “Gain” shall be equal to the amount (if any) by which the aggregate Exchange Values of all Exchange Assets acquired in respect of such Covered Asset (whether Replacement Covered Assets or Ineligible Exchange Assets) exceeds the Adjusted Baseline Value of such Covered Asset as of the date of the relevant Asset Exchange.

More Definitions of Exchange Assets

Exchange Assets has the meaning assigned to that term in subsection 2.4B(iii)(a).

Exchange Assets means the assets owned, or treated for U.S. federal income Tax purposes (and corresponding state and local tax purposes) as being owned, by EDG LLC as of an applicable Exchange Date (and any asset whose tax basis is determined, in whole or in part, by reference to the adjusted basis of any such asset, including, for the avoidance of doubt, goodwill, going-concern value or other similar intangible asset).

Exchange Assets means the assets owned by the Holdings II Group as of an applicable Exchange Date (and any asset whose tax basis is determined, in whole or in part, by reference to the adjusted basis of any such asset).

Exchange Assets means assets acquired by the Company or any Subsidiary of the Company in exchange for assets of the Company or such Subsidiary, respectively, in connection with an Asset Sale, which acquired assets include proved reserves with a value that, together with the cash or Cash Equivalents received therefor by the Company or any of its Subsidiaries, is equal to or greater than the value of the proved reserves included in the assets disposed of by the Company or such Subsidiary in connection with such Asset Sale; provided, however, that during any fiscal year the Company or any of its Subsidiaries can collectively acquire assets (other than proved reserves, cash or Cash Equivalents) with a fair market value of up to $20 million in exchange for assets of the Company or such Subsidiaries that include proved reserves, and such assets acquired by the Company or such Subsidiaries shall constitute "Exchange Assets" hereunder.

Exchange Assets means the assets owned by NCM LLC as of an applicable Subsequent Deemed Exchange Date (and any asset whose tax basis is determined, in whole or in part, by reference to the adjusted basis of any such asset).

Exchange Assets has the meaning assigned to that term in subsection 2.4A(iii)(a).

Exchange Assets means each asset that is held by the Company, or by any of its direct or indirect subsidiaries treated as a partnership or disregarded entity for purposes of the applicable Tax, at the time of an Exchange.