Taxable Transaction definition

Taxable Transaction means a taxable supply or an import of goods or services that is subject to tax under this Act;

Taxable Transaction means a disposition of some or all of the assets of the Debtors and the Non-Debtor Subsidiaries intended to be treated as a taxable disposition for U.S. federal income tax purposes, which transaction may be structured, for U.S. federal income tax purposes, as a sale of assets and/or a sale of the stock of certain of GenOn’s subsidiaries.

Taxable Transaction means a transaction deemed to be a disposition of some or all of the assets of Cenveo and/or its direct and indirect subsidiaries which is intended to be treated as a taxable disposition for U.S. federal income tax purposes, and which transaction may be structured ,for U.S. federal income tax purposes, as a sale of assets and/or a sale of the stock of certain of Cenveo’s direct and indirect subsidiaries.

Examples of Taxable Transaction in a sentence

• For so long as Amneal Group beneficially owns either (a) shares of Class B Common Stock representing at least ten percent (10%) of the outstanding shares of Company Common Stock or (b) at least forty-five million (45,000,000) shares of Company Common Stock (as adjusted for any Capital Structure Change), the Company shall not, without first obtaining the approval (by vote or written consent) of the Amneal Group Representative, consummate any Taxable Transaction.

• If a Reorganized Debtor purchases (or is deemed to purchase) assets or stock of any Debtor pursuant to a Taxable Transaction, the Reorganized Debtor will take a fair market value basis in the transferred assets or stock.

• The federal income tax consequences of the Plan to the Debtors, the Reorganized Debtors, and Holders of Claims are highly complex and will depend on, among other things, whether the Restructuring Transactions are consummated as a Taxable Transaction or a Recapitalization Transaction (as each is defined below), potentially uncertain technical issues, and certain issues that cannot be known until after the Effective Date occurs.

• However, if a Taxable Transaction involves a purchase of stock, the Debtor whose stock is transferred will retain its basis in its assets, unless the Debtors and/or Reorganized Debtors timely make certain elections provided for under the Tax Code to treat such stock purchase as the purchase of the Debtors’ assets.

• Accordingly, unless EME and NRG subsequently agree to an alternative structure for the NRG Transaction, both EME and NRG intend to report the NRG Transaction as a Taxable Transaction for United States federal income tax purposes (as well as for relevant state and local income tax purposes).

More Definitions of Taxable Transaction

Taxable Transaction means any transaction (whether a merger, sale of assets, sale of securities, distribution, dividend, liquidation, dissolution, recapitalization, consolidation, reorganization, combination or other transaction) following the Closing which involves the Company or any of its Subsidiaries (including, for the avoidance of doubt, Amneal Pharmaceuticals LLC) and would reasonably be expected to result in the recognition of $40,000,000 or more of taxable income or gain for U.S. federal income tax purposes by the Amneal Group (other than (a) any such transaction in which the consideration to be received by each Amneal Group Member in respect of its Amneal Units consists solely of cash or (b) a Redemption or Direct Exchange in accordance with Article XI of the Amneal Pharmaceuticals LLC Agreement).

Taxable Transaction means a transaction —

Taxable Transaction means the transactions as referred to in Sub-section (1) of Section 5.

Taxable Transaction means (i) a sale, transfer or other disposition of Applicable Units unless the holder of such Applicable Units presents evidence reasonably satisfactory to EQR or ERP Operating Partnership that such holder will not incur any income tax as a result of such transfer or (ii) the death of the holder of Applicable Units; provided, however, that once an Applicable Unit has been the subject of a Taxable Transaction, any subsequent transfers of such Applicable Unit or the death of any subsequent holder thereof shall not be considered in determining whether 50% or more of the Applicable Units have been transferred in Taxable Transactions. As used herein, "Applicable Units" mean the ERP OP Units issued pursuant to the Unit Contribution Agreements, the ERP OP Units issued to the EWR Unit Holders in liquidation of EWR Partnership and any ERP OP Units issued upon any subsequent transfer of such ERP OP Units (regardless of the number of transfers). EQR further covenants that it will not voluntarily prepay (y) the securitized debt arising under the Deed of Trust with Assignment of Rents, Security Agreement and Fixture Filing dated as of August 17, 1994 with EWR Finance Partnership L.P. or (z) the fixed rate loan from Northwestern Mutual Life Insurance Company to EWR Partnership (each a "EWR Debt") until the date the EWR Debt in question can be prepaid without penalty or premium.

Taxable Transaction has the meaning set forth in Article I of the Plan.

Taxable Transaction means a transaction subject to value added tax under this Act;

Taxable Transaction means a transaction subject to sales tax under this Act;