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.
Example – Assets that are Part of an Active Business • Laura and Lester Hines own a copier and courier service.
TABLE 7 CITY OF RIVERSIDE HUNTER PARK ASSESSMENT DISTRICT STATUS OF IMPROVEMENTS (As of January 15, 2006) Owner Acres Size (Square Feet) Use Status Zapeda, Alfredo(1) 24.48 104,100 Furniture/Warehouse/Distribution Center Active Business Caspian Properties and Darrell A.
See part II.Q.7.f.iii Active Business Requirement for Code § 355.
It had the following track record: Year Business Activity in Hong Kong Year 1 Active Business Year 2 Dormant Business Year 3 Active Business Year 4 Active Business Though the aircraft leasing manager had three years of active business operations in Hong Kong, it was dormant in Year 2, leaving it with just one year prior to the subject year.
The information should establish that each Active Business engages in the collection of income and the payment of expenses.
More definitions of Active Business
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).
Active Business means, with respect to the Distribution, the business conducted by the relevant ATOB Entities as of the Distribution Date, or, with respect to any other relevant transaction described in the Plan of Reorganization, the business conducted by the relevant ATOB Entities as of the date of such transaction.
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 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.