Examples of BC Closing Date in a sentence
If we acquire any assets from a regular corporation in a carryover basis transaction, we may be subject to tax at the highest applicable corporate rate on the gain we recognize from the disposition of an asset acquired from a non-REIT C corporation in a carry-over basis transaction to the extent of the “built-in gain” in the asset.
One-half (50%) of the Transaction Bonus will be paid on the BC Closing Date and the remaining portion of the Transaction Bonus that has been earned by Executive will be paid on the Closing Date.
All covenants and agreements of the Parties set forth in this Agreement to be performed after the BC Closing Date shall survive the BC Closing and remain in full force and effect indefinitely until fully performed.
All representations and warranties made by MDS in this Agreement and in any Closing Document shall survive the BC Closing for a period of eighteen (18) months after the BC Closing Date other than representations and warranties of MDS set forth in Subsection 4.1.4 regarding title of Purchased Assets which representations and warranties shall survive the BC Closing for a period of six years after the BC Closing Date.
Buyer or the applicable Designated Buyer Affiliate shall prepare any Tax Return of such Purchased Corporate Operators in respect of periods beginning before the BC Closing Date and ending after the BC Closing Date and MDS shall provide Buyer with such assistance as Buyer reasonably requests in the connection with the preparation of such Tax Returns.
In light of Sara Lee’s announcement on 25 September 2009 that it has received a binding offer from a third party to purchase the BC Business, Sara Lee has agreed (i) to increase the “Transaction Bonus Amount Payable to You” from 6/12th to 9/12th Base Salary (excluding bonuses) in the table above, and (ii) that one-half (50%) of the Transaction Bonus will be earned on the BC Closing Date (the “BC Transaction Bonus”).
Each of Buyer and the applicable Designated Buyer Affiliate and MDS will preserve or cause to be preserved such books and records for a period of seven years from BC Closing Date, or such longer period as is required by Applicable Law or a Governmental Authority in connection with a Licence or related audit.
From and after the BC Closing Time, MDS shall maintain (or shall otherwise be responsible as if MDS had) insurance equivalent to that provided by the existing primary insurance coverage for the Diagnostic Business for matters and incidents that occur prior to the BC Closing Time, which are reported within two (2) years of the BC Closing Date and give all notices and present claims pertaining to the Diagnostic Business in a timely fashion.
MDS agrees to cause Metro GP, Xxxxxx XX agrees and MDS agrees to use commercially reasonable efforts to have Xxxxxx XX change its corporate name or partnership name, as applicable, to a name that does not include the words Metro XxXxxx or Mether within thirty (30) days of the BC Closing Date.