Business Stock definition

Business Stock means such of the Stock as is owned by any of the Business Sellers for the purposes of and relating to the Business as at the Transfer Time;

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Business Stock means all stocks of finished goods and samples, raw materials and consumables, engineering spares, work-in-progress, stock in transit and other similar stock in trade, wherever located, produced or acquired for the purpose of sale or use in the manufacture of finished products or the provision of services, owned by the Seller for the purposes of and relating to the Business as at the Transfer Time.

Business Stock as defined in Section 1202(c) of the Internal Revenue Code of 1986, as amended as of the date hereof.

Examples of Business Stock in a sentence

• The Company represents and ------------------------------ warrants to the Purchasers that, to the best of its knowledge, the Stock should qualify as "Qualified Small Business Stock" as defined in Section 1202(c) of the ------------------------------ Internal Revenue Code of 1986, as amended as of the date hereof.

• The Company further covenants to submit to its stockholders and to state and federal taxation authorities such form and filings as may be required to document such compliance, including the California Franchise Tax Board Form 3565, Small Business Stock Questionnaire, with its franchise or income tax return for the current income year.

• The Company qualifies as a "Qualified Small Business" as defined in Section 1202(d) of the Code and covenants that so long as its shares are held by the Purchasers (or a transferee in whose hands the shares are eligible to qualify as Qualified Small Business Stock as defined in Section 1202(c) of the Code), it will use its best efforts to cause the shares to qualify as Qualified Small Business Stock.

• The Company further covenants to submit to its stockholders and to state and federal taxation authorities such forms and filings as may be required to document such compliance, including the California Franchise Tax Board Form 3565, Small Business Stock Questionnaire, with its franchise or income tax return for the current income year.

• To the Company's knowledge, the Shares should qualify as "Qualified Small Business Stock" as defined in Section 1202(c) of the Internal Revenue Code of 1986, as amended (the "Code"), as of the date hereof.

• The Company represents and warrants to the Purchasers that, to the best of its knowledge, the Shares should qualify as "Qualified Small Business Stock" as defined in Section 1202(c) of the Internal Revenue code of 1986, as amended as of the date hereof.

• The Company represents and warrants to ------------------------ the Investors that, to its knowledge, the Shares should qualify as "Qualified Small Business Stock" as defined in Section 1202(c) of the Internal Revenue Code of 1986, as amended (the "Code") as of the date hereof.

• The Company shall use its best efforts to comply with the reporting requirements of the State of California regarding "Qualified Small Business Stock" and similar federal regulations when and if promulgated.

• The Company represents and warrants ------------------------ to the Investors that, to its knowledge, the Shares should qualify as "Qualified Small Business Stock" as defined in Section 1202(c) of the Internal Revenue Code of 1986, as amended (the "Code") as of the date hereof.

• For so long as any Preferred Stock is held by an Investor or by a transferee of any Investor in whose hands the Preferred Stock is eligible to qualify as Qualified Small Business Stock as defined in Section 1202(c)of the Code, the Company shall use its best efforts, consistent with sound business practices, to cause the Preferred Stock to qualify as Qualified Small Business Stock.

More Definitions of Business Stock

Business Stock means the stock-in-trade and work-in-progress owned or agreed to be acquired by the Seller in relation to the Group Businesses at Closing, wherever held;

Business Stock means the stock-in-trade owned, or agreed to be acquired in the ordinary course of business, by BGL at Completion to the extent such items relate exclusively to the UK Business, wherever held;