PR Code definition

PR Code means the Internal Revenue Code for a New Puerto Rico of 2011 as amended to date and as it may be amended or replaced from time to time.

PR Code means the Puerto Rico Internal Revenue Code of 2011, and the regulations promulgated thereunder.

PR Code means the Puerto Rico Internal Revenue Code of 1994, as amended.

Examples of PR Code in a sentence

• Subtitle D (Sections 4010 to 4070) of the 2011 PR Code incorporates the dispositions applicable to the sales and use tax.

• Although the Plan has been amended since receiving the determination letter, the Plan Administrator believes that the Plan is currently designed and is currently being operated in compliance with the applicable requirements of the PR Code.

• Each Loan Party and ERISA Affiliate is in compliance with the applicable provisions of ERISA, the Code, the PR Code and any other federal, state or local laws relating to the Plans, and with all regulations and published interpretations thereunder, except as could not reasonably be expected to result in a Material Adverse Effect.

• The Plan received a favorable determination letter from the Puerto Rico Department of Treasury dated November 5, 2013, which stated that the Plan is designed in accordance with the applicable sections of the PR Code and therefore, exempt from income taxes.

• The Plan received a favorable determination letter from the PR Treasury under the PR Code dated June 21, 2018.

More Definitions of PR Code

PR Code means the Puerto Rico Internal Revenue Code of 1994, as amended. Where the context so requires a reference to a particular PR-Code Section shall also refer to any successor provision of the PR-Code to such PR-Code Section.

PR Code means the Puerto Rico Internal Revenue Code of 1994, as amended from time to time.

PR Code means the Puerto Rico Internal Revenue Code of 1994, as amended from time to time. Reference to any section of the PR-Code includes reference to any comparable or succeeding provisions of any legislation which amends, supplements or replaces such section or subsection.

PR Code means the Puerto Rico Internal Revenue Code of 1994, as amended, including, for these purposes, any regulations promulgated by the Puerto Rico Department of the Treasury with respect to the provisions of the P.R. Code, and any successor thereto.

PR Code means the Puerto Rico Internal Revenue Code of 1994, as amended from time to time. Reference to any section of the PR-Code includes reference to any comparable or succeeding provisions of any legislation which amends, supplements or replaces such section or subsection; provided further that with respect to Plan years beginning on or after January 1, 2011, it shall mean the Puerto Rico Internal Revenue Code of 2011, as amended from time to time (also referred to as the “New PR Code”), and as further amended from time to time. When the context so requires, the provisions of the Puerto Rico Internal Revenue Code of 1994, as amended may also be referred to as the “94 PR-Code.

PR Code means the Puerto Rico Internal Revenue Code, as amended.

PR Code means, with respect to calendar years commencing before January 1, 2011, the Puerto Rico Internal Revenue Code of 1994, as amended, and, with respect to calendar years commencing after December 31, 2010, the Internal Revenue Code for a New Puerto Rico of 2011, as amended, including, for these purposes, any regulations promulgated by the Puerto Rico Department of the Treasury with respect to the provisions of the P.R. Code, and any successor thereto.