AAA Account definition

AAA Account shall have the meaning set forth in Section 3.16.
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AAA Account has the meaning set forth in Section 4.2(c) below.
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AAA Account means "Accumulated Adjustments Accounts"as defined by Code Section 1368(e)(1). Except as set forth in the preceding sentence, or as permitted by this Agreement or as set forth in Schedule 3.16, since the Balance Sheet Date there has not been, occurred or arisen:
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Examples of AAA Account in a sentence

  • At the Effective Time, Hollywood shall pay a dividend to the Shareholders in an aggregate amount equal to the Estimated AAA Account, consisting of (i) the Lawr▇▇▇▇ ▇▇▇tributions and (ii) cash equal to the balance of the estimated AAA Account after subtracting the fair value of the Lawr▇▇▇▇ ▇▇▇tributions.

  • Not later than ninety (90) days following the Closing Date, the Company shall calculate the actual cash basis balance of the accumulated adjustments account (the "AAA Account") as of the Closing Date, and shall distribute to the Stockholder an amount equal to fifty percent (50%) of such actual cash basis balance of the AAA Account.

  • The amount of such distributions may not exceed the AAA Account of the Company as of 11:59 p.m. July 31, 1997 (the "Maximum Amount").

  • At least one day prior to the Closing, Hollywood shall declare a dividend payable to the Shareholders in an amount equal to the AAA Account pursuant to Section 1.6, consisting of the (i) Lawr▇▇▇▇ ▇▇▇tributions and (ii) cash equal to the balance of the AAA Account after subtracting the fair value of the Lawr▇▇▇▇ ▇▇▇tributions.

  • Immediately before and after giving effect to the Merger, the aggregate indebtedness of the Company (other than trade payables incurred in the ordinary course of business consistent with past practice) shall not exceed the sum of (a) $1,900,000 PLUS (b) any amounts borrowed by the Company to pay distributions to its Stockholders from the Company's accumulated adjustment account (the "AAA Account").

  • Prior to any IPO, the Company may distribute to its shareholders as much of the Company's accumulated adjustments account, as defined in IRC Section 1368(e) ("AAA Account"), as is deemed practicable by its Board of Directors after considering any input from Santorufo and the underwrite▇▇ ▇▇▇▇▇▇ed in the IPO.

  • The term "AAA Account" means "Accumulated Adjustments Accounts"as defined by Code Section 1368(e)(1).

  • The calculation amount of such Estimated AAA Account and the fair value of the Lawr▇▇▇▇ ▇▇▇tributions shall be delivered to Parent three (3) days prior to the Closing.

  • In connection with such tax return the Shareholders shall also calculate the actual AAA (the "Final AAA Account") at the Effective Time.