Separate Affiliated Group definition

Separate Affiliated Group means, with respect to any corporation, such corporation’s separate affiliated group as defined by Section 355(b)(3) of the Code and the Treasury Regulations promulgated thereunder.
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Separate Affiliated Group has the meaning set forth in Section 355(b)(3)(B) of the Code.
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Separate Affiliated Group means one or more chains of entities which are classified as corporations for U.S. federal income tax purposes connected through share ownership with Haleon in which (i) Haleon owns directly, for U.S. federal income tax purposes, stock of at least one other member of the group (a) possessing at least 80 per cent. of the voting power of the stock of such member and (b) having a value equal to at least 80 per cent. of the total value of the stock of such member and (ii) one or more members of the group own directly, for U.S. federal income tax purposes, stock of each other member of the group (except Haleon) (a) possessing at least 80 per cent. of the voting power of the stock of such member and (b) having a value equal to at least 80 per cent. of the total value of the stock of such member. For purposes of determining share ownership, the term “stock” does not include stock that (1) is not entitled to vote, (2) is limited and preferred as to dividends and does not participate in corporate growth to any significant extent, (3) has redemption and liquidation rights that do not exceed the issue price of such stock (except for a reasonable redemption premium or liquidation premium), and (4) is not convertible into another class of stock;
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Examples of Separate Affiliated Group in a sentence

  • I believe strongly that the Governor, being the only person in the State of Maine, elected in a statewide election, representing all the people of the State, should have the opportunity to present bills that he feels are important in a manner that he feels is timely.

  • The Company is permitted to incur secured debt in the form of the Company Debt Facility.


More Definitions of Separate Affiliated Group

Separate Affiliated Group means, with respect to any corporation, such corporation’s separate affiliated group as defined by Section 355(b)
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Separate Affiliated Group means, with respect to any corporation, such corporation’s separate affiliated group as defined by Section 355(b)(3) of the Code and the regulations promulgated thereunder.
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Separate Affiliated Group. (as defined in Section 355(b)(3)(B) of the Code) of the EHP Business as conducted immediately prior to the Second Internal Distribution.
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Related to Separate Affiliated Group

  • Affiliated Group means any affiliated group within the meaning of Code Section 1504(a) or any similar group defined under a similar provision of state, local or foreign law.

  • Participating Company Group means, at any point in time, all corporations collectively which are then Participating Companies.

  • Affiliated Entity means any entity controlling, controlled by, or under common control with an Insured.

  • Designated Group means - i) Black designated groups; ii) Black People; iii) Women; iv) people with disabilities or v) Small enterprise, as defined in Section 1 of National Small Enterprise Act, (102 of 1996)

  • Combined Group means a group of corporations or other entities that files a Combined Return.

  • Promoter Group means such persons and entities constituting the promoter group as per Regulation 2(1)(pp) of the SEBI ICDR Regulations.

  • Separate Business means each of the activities of the Licensee connected

  • Controlled Affiliates means, with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, has Majority Control of or is Majority Controlled by or is under common Majority Control with the Person specified.

  • Affiliated Party means, with respect to any Purchaser, any person or entity which, directly or indirectly, controls, is controlled by or is under common control with such Purchaser, including, without limitation, any general partner, officer or director of such Purchaser and any venture capital fund now or hereafter existing which is controlled by one or more general partners of, or shares the same management company as, such Purchaser.

  • Controlling Affiliate means an Affiliate that directly or indirectly Controls the Hotel and/or Controls the entity that Controls the Hotel.