AA Account definition

AA Account means the Company's "accumulated adjustments account," as defined in Section 1368(e)(1) of the Code, as of the close of business on the day before the Termination Date.
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AA Account has the meaning set forth in Section 5.3.
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Examples of AA Account in a sentence

  • CCS9 Fund hereby irrevocably commits to transfer immediately available funds to the MV Cure Account or any applicable Designated AA Account an amount equal to $[ ]7 (the “Equity Commitment Amount”) no later than 5:00 p.m. New York City time on [ ]8 (the “Due Date”).

  • If there is an outstanding balance in Amitek's accumulated adjustments account (the "AA Account") within the meaning of Section 1368 of the Code after such Tax Distributions are made, the Sellers may elect to take a distribution to the extent of the outstanding AA Account balance (the "AA Distribution").

  • CCS9 Fund hereby irrevocably commits to transfer immediately available funds to the MV Cure Account or any applicable Designated AA Account an amount equal to $[ ]4 (the “Equity Commitment Amount”) no later than 5:00 p.m. New York City time on [ ]5 (the “Due Date”).

  • In connection with the Company's winding up of ---------- its S corporation status pending the Merger, the Parties agree that (a) the funds in the Company's AA Account, to the extent that such funds do not exceed Three Hundred Sixty Thousand Dollars ($360,000), will be distributed to the Selling Shareholders and (b) there will be no income earned by the Company during the month of January, 1999 which will be distributed to the Selling Shareholders.