Real Property Holding Company definition

Real Property Holding Company means any Subsidiary of the Borrower designated as such by the Borrower in a writing delivered to the Administrative Agent, which writing shall include a certification that the principal business of such Subsidiary consists of owning, leasing, dealing in or developing real property.
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Real Property Holding Company means OSH Properties LLC, which is a Special Purpose Vehicle.
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Real Property Holding Company means any corporation, partnership, limited liability company, trust, estate, or other entity for which the fair market value of all of its real property interests equals or exceeds fifty per cent of the fair market value of all of its assets.
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Examples of Real Property Holding Company in a sentence

  • A USRPI includes an interest in a US Real Property Holding Company (USRPHC) which generally is defined as a US company whose assets, measured by fair market value, consist of 50% or more of USRPIs at any time during a five-year period.

  • Neither Seller nor its members is a foreign person within the meaning of Sections 897 or 1445 of the Code, nor is Seller a U.S. Real Property Holding Company within the meaning of Section 897 of the Code.

  • A USRPI includes an interest in a US Real Property Holding Company (USRPHC) which generally is defined as a US company whose assets, measured by fair market value, consist of 50% or more of USRPIs at any time during a five- year period.

  • The foregoing notwithstanding, in no event shall any Subsidiary that is a Real Property Holding Company be required to execute and deliver a Guarantor Joinder, or otherwise guaranty or grant collateral security in respect of the Obligations.

  • The Sponsor shall cause the Company not to enter into any transaction that would result in the Company being categorized as a U.S. Real Property Holding Company (“USRPHC”) under Section 897 of the Internal Revenue Code of 1986, as amended.

  • The Company does not own any real estate, and the Company is not a United States Real Property Holding Company as defined under Section 897 of the Code.

  • Seller is not a foreign person within the meaning of Sections 897 or 1445 of the Code, nor is Seller a U.S. Real Property Holding Company within the meaning of Section 897 of the Code.

  • Acorn has delivered to ------------------------------------------ Intek an affidavit in the form attached as Exhibit 3.36 hereto certifying that Acorn is not and has never been a United States Real Property Holding Company as defined in the Code.

  • Gaucho Ventures I – Las Vegas, LLC may be considered a U.S. Real Property Holding Company at some time in the future.

  • The amounts will be refunded thorough our tolls beginning April 2014 when we update our transportation rates.


More Definitions of Real Property Holding Company

Real Property Holding Company means any Subsidiary of the Borrower designated as such by the Borrower in a writing delivered to the Administrative Agent, which writing shall include a certification that the principal business of such Subsidiary consists of owning, leasing, dealing in or developing real property. “Register” has the meaning specified in Section 10.06(c). “Regulation U” means Regulation U of the FRB, as in effect from time to time and all official rulings and interpretations thereunder or thereof. “Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents, trustees, administrators, managers, advisors, consultants, service providers and representatives of such Person and of such Person’s Affiliates. “Relevant Governmental Body” means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York for the purpose of recommending a benchmark rate to replace LIBOR in loan agreements similar to this Agreement. “Rent Expense” means, for any Person for any period of determination, such Person’s operating lease expense computed in accordance with GAAP, including, without limitation, all contingent rentals, but excluding all common area maintenance expenses. “Responsible Officer” means the chief executive officer, the president, the chief financial officer, any executive, senior or other vice president, treasurer, assistant treasurer or controller of a Loan Party, and solely for purposes of the delivery of incumbency certificates pursuant to Section 4.01, the secretary or any assistant secretary of a Loan Party and, solely for purposes of notices given pursuant to Article II, any other officer or employee of the applicable Loan Party so designated by any of the foregoing officers in a notice to the Administrative Agent or any other officer or employee of the applicable Loan Party designated in or pursuant to an agreement between the applicable Loan Party and the Administrative Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 22 122723226_17
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Real Property Holding Company means any Subsidiary of the Borrower designated as such by the Borrower in a writing delivered to the Administrative Agent, which writing shall include a certification that the principal business of such
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Real Property Holding Company means any corporation,
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Real Property Holding Company as defined in section 897 of the Code; (l) during the five-year period ending on the date hereof, Acquired Corp has no distributing corporation or a controlled corporation in a transaction intended to be governed by section 355 of the Code; (m) no election has been made under section 301.7701-3 or any similar provision of Tax law to treat any Affiliate of Acquired Corp or Acquired Corp as an association, corporation or partnership; (n) Acquired Corp is not disregarded as an entity for U.S. federal income tax purposes; (o) Acquired Corp's or Acquired Corp net operating loss is not a "dual consolidated loss" as defined in section 1503 of the Code; and (p) none of Acquired Corp's non-U.S. subsidiaries is a "passive foreign investment company" as defined in section 1297 of the Code or a "foreign personal holding company" as defined in section 553 of the Code.
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Related to Real Property Holding Company

  • Public utility holding company means: (1) any company that,

  • CFC Holding Company means a Subsidiary, substantially all of the assets of which consist of Equity Interests or Indebtedness of (a) one or more CFCs or (b) one or more CFC Holding Companies.

  • Bank Holding Company means a company registered as such with the Federal Reserve pursuant to 12 U.S.C. §1842 and the regulations of the Federal Reserve promulgated thereunder.

  • Holding Companies means, collectively, the Company and Holdings, and each is a “Holding Company”.

  • Foreign Holding Company means any Domestic Subsidiary substantially all of the assets of which consist of Equity Interests and/or Indebtedness of one or more Foreign Subsidiaries or other Foreign Holding Companies.

  • Qualified CFC Holding Company means a Wholly Owned Subsidiary of the Issuer that is a limited liability company, the primary asset of which consists of Equity Interests in either (i) a Foreign Subsidiary or (ii) a limited liability company the primary asset of which consists of Equity Interests in a Foreign Subsidiary.

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • Foreign Subsidiary Holding Company means any Subsidiary the primary assets of which consist of Capital Stock in (i) one or more Foreign Subsidiaries or (ii) one or more Foreign Subsidiary Holding Companies.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Parent Holding Company means any direct or indirect parent entity of Holdings which holds directly or indirectly 100% of the Equity Interest of Holdings and which does not hold Capital Stock in any other Person (except for any other Parent Holding Company).

  • Bank Holding Company Act means the Bank Holding Company Act of 1956, as amended.

  • New Holding Company means a corporation that is not a bank, association, or national banking association and as to which all of the following apply:

  • Mutual holding company means that term as defined in section 10(o) of the home owners' loan act, chapter 64, titles III and IX of Public Law 101-73, 12 U.S.C. 1467a, and OTS regulations governing mutual holding companies.

  • Community basin means an infiltration system, sand filter designed to infiltrate, standard constructed wetland, or wet pond, established in accordance with N.J.A.C. 7:8-4.2(c)14, that is designed and constructed in accordance with the New Jersey Stormwater Best Management Practices Manual, or an alternate design, approved in accordance with N.J.A.C. 7:8-5.2(g), for an infiltration system, sand filter designed to infiltrate, standard constructed wetland, or wet pond and that complies with the requirements of this chapter.

  • mixed-activity holding company means a parent undertaking, other than a financial holding company or an institution or a mixed financial holding company, the subsidiaries of which include at least one institution;

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • Leasing company means that term as defined in 49 USC 14504a.

  • Bidding Company shall refer to such single company that has made a Response to RFP for the Project;

  • Utility Company means a municipal corporation or commission or a company or individual operating or using communications services, water services or sewage services, or transmitting, distributing or supplying any substance or form of energy for light, heat or power; (“entreprise de services publics”)

  • Condominium Corporation means a condominium or strata corporation established under Provincial Legislation.

  • Savings and Loan Holding Company means a company registered as such with the Office of Thrift Supervision pursuant to 12 U.S.C. §1467a(b) and the regulations of the Office of Thrift Supervision promulgated thereunder.

  • Residential real estate means any real property located in this state, upon which is constructed or intended to be constructed a dwelling;

  • Holding Company Act means the Public Utility Holding Company Act of 1935, as amended.