SECTION 1504 Clause Samples
SECTION 1504 typically refers to a provision within a larger legal or regulatory framework, such as the U.S. Internal Revenue Code, that addresses the rules for determining when corporations are considered members of an affiliated group for tax purposes. This clause outlines the criteria for group membership, such as ownership thresholds and types of entities included, which in turn affects the ability to file consolidated tax returns. By clearly defining group membership, SECTION 1504 ensures consistent tax treatment and prevents ambiguity regarding which entities can be included in consolidated filings, thereby promoting compliance and administrative efficiency.
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SECTION 1504. Quorum; Action......................................
SECTION 1504. Quorum: Action . . . . . . . . . . . . . . . . . . . . . . .78
SECTION 1504. When Securities Presented for Repayment Become Due and Payable....................................................... 80 Section 1505. Securities Repaid in Part......................................... 81 ARTICLE SIXTEEN Guarantee of Securities Section 1601. Guarantee......................................................... 81 ARTICLE SEVENTEEN Subordination of Securities
SECTION 1504. QUORUM; ACTION.................................... 69 SECTION 1505. DETERMINATION OF VOTING RIGHTS; CONDUCT AND ADJOURNMENT OF MEETINGS........................... 70 SECTION 1506.
SECTION 1504. No Payment When Senior Indebtedness in Default .. 76 Section 1505. Payment Permitted If No Default.................. 77 Section 1506. Subrogation to Rights of Holders of Senior Indebtedness .............................. 77
SECTION 1504. QUORUM; ACTION . . . . . . . . . . . . . . . . . . . . . .73 SECTION 1505. DETERMINATION OF VOTING RIGHTS; CONDUCT AND ADJOURNMENT OF MEETINGS . . . . . . . . . . . . . . .74 SECTION 1506.
SECTION 1504. Securityholders to Be Subrogated to Rights of Holders of Senior Indebtedness..............94 SECTION 1505. Obligations of the Company Unconditional..................................................94
SECTION 1504. No Payment When Senior Indebtedness in Default....................................................60 SECTION 1505. Payment Permitted in Certain Situations...........................................................60 SECTION 1506. Subrogation to Rights of Holders of Senior Indebtedness...........................................60
SECTION 1504. No Payment When Senior Debt in Default .......... 76
SECTION 1504. No Payment When Senior Debt in Default. . . . . . . . . . . . . . . . . . . . . . . . . . . 84 SECTION 1505. Payment Permitted if no Default . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 SECTION 1506. Subrogation to Rights of Holders of Senior Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85