CFC definition
CFC means a “controlled foreign corporation” within the meaning of Section 957 of the Code.
CFC means a Subsidiary of the Borrower that is a “controlled foreign corporation” within the meaning of Section 957 of the Code.
CFC means a controlled foreign corporation (as that term is defined in the IRC).
Examples of CFC in a sentence
These principles also apply with respect to any entity that becomes a United States Person and/or a Controlled Foreign Corporation, CFC Holding Company or subsidiary of a Controlled Foreign Corporation or CFC Holding Company following any guarantee or pledge of assets or shares.
Notwithstanding the foregoing, each Domestic Loan Party shall pledge 100% of the equity it directly owns in any Protected CFC, provided that such pledge (and any perfection of any such security interest, as applicable) shall not be required to be governed by the laws of the applicable Protected CFC's jurisdiction of incorporation or formation unless and until such Protected CFC constitutes a Material Foreign Subsidiary.
More Definitions of CFC
CFC means a Person that is a controlled foreign corporation under Section 957 of the Code in which the Borrower or any Loan Party is a United States shareholder within the meaning of Section 951(b) of the Code.
CFC means (a) each Person that is a “controlled foreign corporation” for purposes of the Code and (b) each subsidiary of any such controlled foreign corporation.
CFC means a “controlled foreign corporation” within the meaning of Section 957(a) of the Internal Revenue Code of 1986, as amended.
CFC means the California Financial Code.
CFC means (a) any Foreign Subsidiary that is a “controlled foreign corporation” (within the meaning of Section 957), but only if a US Person that is an Affiliate of a Loan Party is, with respect to such Person, a “United States shareholder” (within the meaning of Section 951(b)) described in Section 951(a)(1); and (b) each Subsidiary of any Person described in clause (a). For purposes of this definition, all Section references are to the Code.
CFC means a controlled foreign corporation (as that term is defined in the Internal Revenue Code).
CFC has the meaning specified in the definition of “Excluded Subsidiary”.