IRS Approval definition

IRS Approval has the meaning set forth in Section 6.20(c).
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IRS Approval shall have the meaning given to such term in Section 6.13(c).
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IRS Approval. As to the Initial Exchange Closing under Option D, the IRS Approval shall have been obtained and shall be in full force and effect.
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Examples of IRS Approval in a sentence

  • The Company shall use its best efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable laws or regulations to consummate and make effective the Charter Amendment and the IRS Approval.

  • Note that Publications 590, available from the IRS, explains much of the information in this Disclosure Statement, and provides additional information about IRAs. IRS Approval The Plan has been filed for approval by the Internal Revenue Service as to form for use in establishing IRAs. Such approval when received will not, however, represent determination of the deductibility of any particular contribution made by you or merits of your particular ▇▇▇.

  • As promptly after Closing as practical, Sellers shall file an executed application with the appropriate IRS District Director requesting a favorable determination with respect to the Termination Amendment (the "IRS Approval").

  • Compliance with Protocols and timely claim filing are conditions precedent to payment under this Agreement.

  • The Trustee shall keep the Buyer apprised of the status of any communications with, and inquiries or requests for additional information from, the IRS District Director in connection with such IRS Approval.

  • Upon the receipt of the IRS Approval (as defined below) with respect to the Tax Settlement (as defined below), BAC, Services and Advanta agree, without delay, (i) to settle and enter into full and complete releases with respect to all existing litigation between them (and Fleet and any Affiliates of Fleet) (including the Delaware and Rhode Island lawsuits, captioned Advanta Corp., et al.

  • The application by the ESOP Trustee to the IRS shall disclose that the trust fund which forms a part of the ESOP shall be maintained until the IRS Approval is obtained.

  • The ESOP Trustee shall be responsible for administering the trust fund until the IRS Approval has been obtained and all funds in the trust are distributed to the ESOP participants.

  • If IRS Approval cannot be obtained without modification of the ESOP Amendment, no distribution shall be made from the ESOP until such modifications are made to the ESOP Amendment as may be required by the IRS in order to obtain the IRS Approval.

  • If you pledge all or a portion of your HSA as security for a loan, the portion pledged will be treated as a distribution to you, and the taxable amount will be included in gross income, and may be subject to the 20 percent IRS Approval of Form.

Related to IRS Approval

  • CFIUS Approval means (i) the Company and the applicable Purchaser(s) shall have received written notice from CFIUS that review under Section 721 of the Defense Production Act of 1950 as amended by the Foreign Investment Risk Review Modernization Act of 2018, including implementing regulations thereof, 31 C.F.R. Parts 800 and 802 (the “DPA”), of the transactions contemplated hereby has been concluded, and CFIUS shall have determined that there are no unresolved national security concerns with respect to the transactions contemplated hereby, and advised that action under Section 721 of the DPA, and any investigation related thereto, has been concluded with respect to the transactions contemplated hereby; (ii) CFIUS shall have concluded that the transactions contemplated hereby are not covered transactions and are not subject to review under Section 721 of the DPA; or (iii) CFIUS shall have sent a report to the President of the United States (the “President”) requesting the President’s decision on the notice and either (1) the period under Section 721 of the DPA during which the President may announce his decision to take action to suspend or prohibit the transactions contemplated hereby shall have expired without any such action being announced or taken or (2) the President shall have announced a decision not to take any action to suspend or prohibit the transactions contemplated hereby.

  • CPUC Approval means a final and non-appealable order of the CPUC, without conditions or modifications unacceptable to the Parties, or either of them, which contains the following terms:

  • Works Approval means this Works Approval numbered W5813/2015/1 and issued under the Act; and

  • FCC Approval means the FCC’s grant of the FCC Applications, including any grants by operation of law; provided that the possibility that an appeal, request for stay, or petition for rehearing or review by a court or administrative agency may be filed with respect to such grant, or that the FCC may reconsider or review such grant on its own authority, shall not prevent such grant from constituting FCC Approval for purposes of the Plan.

  • Pre-approval means written notification via a pre-approval letter to Customer that Ameren Illinois has reviewed Customer's Application and determined that the project meets the program eligibility requirements for a maximum pre-approved incentive amount if the project is completed by the estimated completion date and all final application paperwork is submitted and approved.