Examples of Taxable Sale in a sentence
The terms Contributed Property and Taxable Sale shall have the meanings specified in the Tax Protection Agreement.
Taxable Sale of Shares The receipt of cash in exchange for Shares pursuant to, or in connection with, the Offer or the Merger will be a taxable transaction for U.S. federal income tax purposes.
With respect to the portion of the Boomerang Contribution that is treated as a Taxable Sale, a Holder will recognize gain or loss equal to the difference between (1) the issue price of the Subordinated Notes received by such Holder (discussed in Section 10.3(b)(6) below) and (2) such Holder’s adjusted tax basis, if any, in the portion of the Allowed Term Loan Facility Claim that is deemed sold.
As used in this Section 7(a), "Tax Triggering Event" means, with respect to any Actual Taxpayer holding directly or indirectly 7.00% Cumulative Convertible Preferred Units, any transaction by the Operating Partnership (x) involving the Contributed Property and (y) constituting a Taxable Sale.
This parameter represents the order number of the interval in which the corresponding predicate or its negation holds.