Active Business definition

Active Business means the business conducted by each of the ATOB Entities as of the applicable distribution date.

Active Business means any business relied on to satisfy (i) the active trade or business requirement of Section 355(b) of the Code (taking into account Section 355(b)(3) of the Code) or (ii) the continuity of business enterprise requirements under Treasury Regulations Section 1.355-3 and Treasury Regulations Section 1.368-1(d), to the extent identified as such in the Tax Materials.

Active Business means an active trade or business relied upon to satisfy the requirements of Section 355 of the Code as set forth in the Ruling Request, as defined below, and in the opinion being delivered by counsel in connection with the Distribution.

Examples of Active Business in a sentence

• Each Active Business Employee who accepts employment with Buyer shall become a Transferred Employee effective on the first day immediately following the Closing Date and shall terminate his or her employment with Seller as of the Closing Date.

• The Public Fund shall, however, submit letters to the managers of such investment funds containing Companies with Scrutinized Active Business Operations requesting that they consider removing such Companies from the fund or create a similar actively managed fund with Indirect Holdings devoid of such Companies.

• To find out if a business has a valid, proper license, please utilize the Active Business Licenses spreadsheet.

• Notwithstanding the foregoing, in the Sellers’ discretion, the Purchaser shall assume the accrued but unused vacation or paid time off for the Hired Active Business Employees (“Assumed PTO”).

• Because this is a facial constitutional challenge, plaintiffs must show that there are no circumstances under which the delegation could be applied constitutionally.

More Definitions of Active Business

Active Business means any active business relied on by the Ultra Group to satisfy the active trade or business requirement of Section 355(b) of the Code in connection with the Separation or any Internal Distribution. Each Active Business has been listed by Delta on Schedule I.

Active Business means the business conducted by each of the Active Business Entities (as defined herein) as of the Distribution Date.

Active Business means each of the Distributing Business and the Controlled Business, in each case taken as a whole.

Active Business means the business conducted by each of the Active Business Entities (as defined herein) as of the Distribution Date, other than the business(es) set forth on Schedule 1.

Active Business means (i) with respect to the External Distribution, each of the RemainCo Business and the SpinCo Business, in each case taken as a whole and (ii) with respect to the Internal Distribution, each of the Asian hotel business conducted by Wyndham Hotel Asia Pacific Co. Limited and its Subsidiaries and the Asia-Pacific timeshare business conducted by Wyndham Vacation Resorts Asia Pacific Pty. Ltd. and its Subsidiaries.

Active Business means the active business relied on by Kimball International or Kimball Electronics, as the case may be, to satisfy the active trade or business requirement of Section 355(b).

Active Business means each of (a) the Ownership Business, the HLT Retained Business and the Timeshare Business, in each case taken as a whole, (b) the Select Hotels Business taken as a whole (or any hotel included therein) and (c) the Hotel Laundry Business taken as a whole (or any laundry facility included therein).