RAC East definition

RAC East. Rent-A-Center East, Inc., a Delaware corporation.
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RAC East means Rent-A-Center East, Inc., a Delaware corporation.
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RAC East. Rent-A-Center East, Inc., a Delaware corporation. “Recent Rental Proceeds”: as of any day, the aggregate cash proceeds from rental payments and fees (excluding sales tax) received by the Loan Parties pursuant to Eligible Rental Agreements during the three calendar months most recently ended on or prior to such day. 31 509265-1832-141352041-Active.21575686.1328267668.14
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Examples of RAC East in a sentence

  • RAC East filed a separate company Indiana adjusted gross income tax return.

  • Rent-A-Center East (RAC East) operated rent-to-own retail stores which offered home electronics appliances or furniture to customers under a flexible rental purchase plan.

  • During the 2003 tax year, RAC East owned and operated 1,932 stores in the central and eastern U.S. The company had 106 stores in Indiana.

  • Finally, the Tax Court found RAC East had not engaged in a tax avoidance scheme.

  • The Tax Court also rejected the argument that the structure allowed RAC East to shift income.

  • The intercompany transaction distorted Indiana source income and RAC East had earned a substantial amount of income that was not taxed.

  • Indeed, the parties have stipulated that the Department did not study RAC East, its affiliates, or their Intercompany Transactions during the audit, proposed assessment, and administrative protest phases.

  • See I.C. § 6-3-2-2(p).ANALYSIS In response to the Department’s prima facie case that its assessments are correct, RAC East contends that the Department could not force it to file a combined income tax return because its 2003 separate return fairly reflected its Indiana source income.

  • The Intercompany Transactions Next, the Department claims that RAC East must file a combined income tax return because its payment of royalties to RAC West and management fees to RAC Texas distorted (i.e., did not fairly reflect) its Indiana source income.

  • The Department first claims that RAC East must file a combined income tax return with RAC West and RAC Texas because they operate together as a unitary business.


More Definitions of RAC East

RAC East. Rent-A-Center East, Inc., a Delaware corporation. "RC LC Obligations": at any time, an amount equal to the sum of (a) the aggregate then undrawn and unexpired amount of the then outstanding RC Letters of Credit and (b) the aggregate amount of drawings under RC Letters of Credit that have not then been reimbursed by the Borrower pursuant to Section 3.6.
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