Mtron Tainting Act definition

Mtron Tainting Act means a breach of the covenant made by Mtron in Section 7.1 of this Agreement or the taking of a Restricted Action, if as a result of such breach or taking of a Restricted Action a Final Determination is made that the Distribution failed to be tax-free by reason of (i) failing to qualify as a distribution described in Section 355 of the Code, (ii) any stock or obligations of Mtron failing to qualify as “qualified property” within the meaning of Section 355(c)(2) of the Code, or (iii) the application of Sections 355(d) or 355(e) of the Code to the Distribution.
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Related to Mtron Tainting Act

  • amending Act means the Consumer Credit (Queensland) Amendment Act 1998.

  • Planning Act means the Planning Act, R.S.O. 1990, c. P.13, as amended;

  • Cannabis Act means An Act respecting cannabis and to amend the Controlled Drugs and Substances Act, the Criminal Code and other Acts, S.C. 2018, c. 16, as amended from time to time.

  • Mining Act means the Mining ▇▇▇ ▇▇▇▇;

  • the Planning Acts means the Town and Country Planning ▇▇▇ ▇▇▇▇ and the other enactments defined as the “Planning Acts” in Section 336 of the Town and Country Planning ▇▇▇ ▇▇▇▇ and every other enactment relating to the use development and occupation of land and buildings for the time being in force