Eligible Corporation definition

Eligible Corporation means any domestic C corporation (as defined in section 1361(a)(2) of the Code) other than a corporation which is exempt from, or is not subject to, tax under section 11 of the Code, an entity described in section 851(a) or 856(a) of the Code, a REMIC; or an organization to which part I, subchapter T, chapter 1, subtitle A of the Code applies. The Term "Related Person" means any person that bears a relationship to the Transferee enumerated in section 267(b) or 707(b)(1) of the Code, using "20 percent" instead of "50 percent" where it appears under the provisions; or is under common control (within the meaning of section 52(a) and (b) of the Code) with the Transferee.

Eligible Corporation means any domestic C corporation (as defined in section 1361(a)(2) of the Code) other than (A) a corporation which is exempt from, or is not subject to, tax under section 11 of the Code, (B) an entity described in section 851(a) or 856(a) of the Code, (C) A REMIC, or (D) an organization to which part I of subchapter T of chapter 1 of subtitle A of the Code applies; (ii) a "related person" is any person that (A) bears a relationship to the transferee enumerated in section 267(b) or 707(b)(1) of the Code, using "20 percent" instead of "50 percent" where it appears under the provisions, or (B) is under common control (within the meaning of section 52(a) and (b)) with the transferee.

Eligible Corporation. A domestic corporation described in section 860L(a)(2) of the Code that (i) is not the obligor on any debt instrument held as part of the Trust, and (ii) is not related, within the meaning of section 860L(g), to any person who is an obligor on any debt instrument held as part of the Trust.

Examples of Eligible Corporation in a sentence

• If the Optionee is an Eligible Corporation, the references to the Optionee in this Article 6 shall be deemed to refer to the Eligible Person associated with such Optionee.

• If an Option is granted to an Eligible Corporation, such Eligible Corporation shall, as a condition precedent to such grant, execute and deliver any document or instrument required by any applicable stock exchange.

• Notwithstanding anything to the contrary contained herein, the Ownership Certificate shall be owned at all times directly by an Eligible Corporation and shall be subject to the restrictions below.

• The Tenant shall make available to the Landlord or its lawful representatives for inspection at all reasonable times, all relevant books and records of the Tenant and of any Eligible Corporation which controls the Tenant to enable the Landlord to ascertain whether there has been a change of control.

• If an Option is granted to an Eligible Corporation, such Eligible Corporation shall, as a condition precedent to such grant, execute and deliver any document or instrument required by any applicable stock exchange including, in the case of the Canadian Venture Exchange, a Form 4J-Certification and Undertaking Required from a Company Granted an Incentive Stock Option.

More Definitions of Eligible Corporation

Eligible Corporation means a corporation controlled by an Eligible Person and of which all other shareholders are Eligible Assignees;

Eligible Corporation means any do- mestic C corporation (as defined in sec- tion 1361(a)(2)) other than—

Eligible Corporation means, in respect of a Participant, a corporation controlled by that person and all the shares of which are held by that person and/or Eligible Assignees of that person;

Eligible Corporation means a corporation all of the issued and outstanding voting shares of which are beneficially owned, directly or indirectly, by an Eligible Person.

Eligible Corporation means a corporation organized to establish, operate, and maintain a foreign trade zone.

Eligible Corporation means a corporation which controls or is controlled by or under common control with the Tenant, where to control means to own beneficially either directly or indirectly more than fifty (50%) percent of the voting shares of a corporation;

Eligible Corporation means any domestic C