Unrelated business activity definition

Unrelated business activity means, for a tax-exempt person, business activity directly connected with an unrelated trade or business as defined in section 513 of the internal revenue code.
Sample 1Sample 2Sample 3
Unrelated business activity means, for a tax-exempt
Sample 1Sample 2Sample 3
Unrelated business activity means any business activity
Sample 1Sample 2Sample 3

Examples of Unrelated business activity in a sentence

  • Unrelated business activity would mean, for a tax-exempt person, business activity directly connected with an unrelated trade or business as defined in section 513 of the Internal Revenue Code.7 Resident partner would mean an individual, estate, or trust that is a resident8 for the relevant tax year.

  • If a P.O. box, see instructions.233 South Wacker Drive, No. 2400E Unrelated business activity codes (See instructions) 511140City or town, state, and ZIP codeChicago, IL 60606-6410C Book value of all assets at end of year29,201,174.F Group exemption number (see instructions) |G Check organization type | †X 501(c) corporation † 501(c) trust † 401(a) trust † Other trust H Describe the organization's primary unrelated business activity.

  • Unrelated business activity would mean, for a tax-exempt person, business activity directly connected with an unrelated trade or business as defined in section 513 of the Internal Revenue Code.8 Resident partner would mean an individual, estate, or trust that is a resident9 for the relevant tax year.

  • If a P.O. box, see instructions.3850 Dixon Parkway Dept 1014City or town, state or province, country, and ZIP or foreign postal codeOgden, UT 84408-101487-6000535E Unrelated business activity codes(See instructions.) 541800 713940C Book value of all assets at end of yearF Group exemption number (See instructions.) aG Check organization type a 501(c) corporation 501(c) trust 401(a) trust Other trustH Describe the organization’s primary unrelated business activity.

  • Unrelated business activity that is carried on by a charity in a manner that can be viewed as ancillary to its charitable purpose will also be exempt under a revenue concession.

  • If a P.O. box, see instructions.PO Box 25708B Exempt under sectionX501( C) (6 ) 36-2812376 408(e)408A529(a)220(e)530(a)E Unrelated business activity code(See instructions.)C Book value of all assets at end of year5,304,368F Group exemption number (See instructions.)G Check organization type Other trust401(a) trust501(c) trust501(c) corporationXH Enter the number of the organization's unrelated trades or businesses.

  • No savings and loan holding company or subsidiary thereof which is not a sav- ings association shall, for or on behalf of a subsidiary savings association, en- gage in any activity or render any services for the purpose or with the ef- fect of evading any law or regulation applicable to such savings association.(b) Unrelated business activity.


More Definitions of Unrelated business activity

Unrelated business activity means that term as defined in section 611.
Sample 1Sample 2
Unrelated business activity means any business activity that gives rise to unrelated taxable income as defined in the internal revenue code.
Sample 1Sample 2
Unrelated business activity means any line of business or business activity that was previously conducted by an Acquired Company, is no longer being conducted by such Acquired Company and is not part of or related to the line of business and business activities currently being conducted by such Acquired Company.
Sample 1
Unrelated business activity means any trade or business activity that is not
Sample 1

Related to Unrelated business activity

  • Related Business means any business in which the Company or any of the Restricted Subsidiaries was engaged on the Issue Date and any business related, ancillary or complementary to such business.

  • Business activity means that term as defined in section 3(2) of the former single business tax act, 1975 PA 228, or in section 105 of the Michigan business tax act, 2007 PA 36, MCL 208.1105.

  • Restricted Business has the meaning set forth in Section 6.10(a).

  • regulated business means a business which is required to be licensed under one or other of the regulatory laws;

  • Permitted Business means any business conducted by the Company, its Restricted Subsidiaries or CTSH and its Subsidiaries on the date hereof and any other business related, ancillary or complementary to any such business.

  • Business Activities shall be deemed to include any activities which are included in the Company's Business now or during the effective period of this Agreement.

  • Associated Business means a business that owns at least 50% of and controls, directly or indirectly, an authorized business.

  • Competitive Business Activity means:

  • Controlled unaffiliated business means a company:

  • Permitted Businesses means the business of owning, leasing and managing gasoline stations, convenience store properties and other retail real properties (including, for the avoidance of doubt, quick service or other casual restaurants and auto service and auto parts stores), and any other single-tenant net lease business, and business activities reasonably related to the foregoing (including the creation or acquisition of any interest in any Subsidiary (or entity that following such creation or acquisition would be a Subsidiary) for the purpose of conducting the foregoing activities), in each case that are permitted for real estate investment trusts under the Code.

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • Affiliated business entity relationship means a relationship, other than a parent- subsidiary relationship, that exists when

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Excluded Businesses has the meaning set forth in Schedule 1.

  • Prohibited Business shall be defined as any business and any branch, office or operation thereof, which is a primary competitor of the Company with respect to the Business wherever the Company does business, in North America or abroad.

  • Excluded Business means a Business excluded from application for an Inter- Community Business Licence and includes those Businesses referred to in Schedule A attached hereto and forming part of this bylaw.

  • Consolidated Businesses means, at any time, the Borrower and Subsidiaries of the Borrower that the Borrower consolidates in its consolidated financial statements prepared in accordance with GAAP, provided, however, that UJVs which are consolidated in accordance with GAAP are not Consolidated Businesses.

  • Wellness activity means an explicit program of an activity

  • Core Business means any material line of business conducted by the Company and its Subsidiaries as of the Closing Date and any business directly related thereto.

  • Qualified business means a for-profit business that obtains services relating to that business from 30 or fewer employees or employees of independent contractors performing services substantially similar to employees during a random week in the year ending on the tax day. If a person is a unified business group as that term is defined in section 117 of the Michigan business tax act, 2007 PA 36, MCL 208.1117, the number of employees from whom services are obtained includes all employees of the unitary business group and employees of independent contractors of the unitary business group rendering services to the qualified business.

  • Permitted Business Investments means Investments by the Company or any of its Restricted Subsidiaries in any Unrestricted Subsidiary of the Company or in any Joint Venture, provided that:

  • Permitted Business Investment means any Investment made in the ordinary course of, and of a nature that is or shall have become customary in, the Oil and Gas Business including investments or expenditures for actively exploiting, exploring for, acquiring, developing, producing, processing, gathering, marketing or transporting oil, natural gas or other Hydrocarbons and minerals through agreements, transactions, interests or arrangements which permit one to share risks or costs, comply with regulatory requirements regarding local ownership or satisfy other objectives customarily achieved through the conduct of the Oil and Gas Business jointly with third parties including:

  • Permitted Business Acquisition means any acquisition of all or substantially all the assets of, or all or substantially all the Equity Interests (other than directors’ qualifying shares) not previously held by the Borrower and its Subsidiaries in, or merger, consolidation or amalgamation with, a person or division or line of business of a person (or any subsequent investment made in a person or division or line of business previously acquired in a Permitted Business Acquisition), if immediately after giving effect thereto: (i) no Event of Default under clause (b), (c), (h) or (i) of Section 7.01 shall have occurred and be continuing or would result therefrom, provided, however, that with respect to a proposed acquisition pursuant to an executed acquisition agreement, at the option of the Borrower, the determination of whether such an Event of Default shall exist shall be made solely at the time of the execution of the acquisition agreement related to such Permitted Business Acquisition; (ii) all transactions related thereto shall be consummated in accordance with applicable laws; (iii) with respect to any such acquisition or investment with cash consideration in excess of $50,000,000, the Borrower shall be in Pro Forma Compliance immediately after giving effect to such acquisition or investment and any related transaction; (iv) any acquired or newly formed Subsidiary shall not be liable for any Indebtedness except for Indebtedness permitted by Section 6.01; (v) to the extent required by Section 5.10, any person acquired in such acquisition, if acquired by the Borrower or a Domestic Subsidiary, shall be merged into the Borrower or a Subsidiary Loan Party or become upon consummation of such acquisition a Subsidiary Loan Party; and (vi) the aggregate cash consideration in respect of such acquisitions and investments in assets that are not owned by the Borrower or Subsidiary Loan Parties or in Equity Interests of persons that are not Subsidiary Loan Parties or do not become Subsidiary Loan Parties, in each case upon consummation of such acquisition, shall not exceed the greater of (x) $150,000,000 and (y) 0.05 times the EBITDA calculated on a Pro Forma Basis for the then most recently ended Test Period (excluding for purposes of the calculation in this clause (vi), (A) any such assets or Equity Interests that are no longer owned by the Borrower or any of its Subsidiaries and (B) acquisitions and investments made at a time when, immediately after giving effect thereto, the Net Total Leverage Ratio on a Pro Forma Basis would not exceed 3.15 to 1.00, which acquisitions and investments shall be permitted under this clause (vi) without regard to such calculation).

  • Retained Businesses means all businesses, operations and activities directly or indirectly conducted or formerly conducted by the Seller Group other than the Business (including all businesses, operations and activities related to any dealerships sold or disposed of prior to the date hereof).

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Specified Business means a business of a kind prescribed by the regulations to be a specified business; tenant, in relation to a lease, means the person who, under the lease, is or would be entitled to occupy the premises the subject of the lease; Tribunal means the State Administrative Tribunal;