CODI definition

CODI means cancellation of indebtedness income as determined under Sections 61(a)(12) and 108(a) of the Code and the Treasury Regulations thereunder.

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CODI has the meaning set forth in the first paragraph hereto.

CODI has the meaning set forth in the Recitals.

Examples of CODI in a sentence

• FOX will inform CODI as soon as reasonably possible of any material adjustments or changes to the foregoing that come to its attention.

• The Executive agrees that all Confidential Information shall remain the property of CODI, the Manager and its Affiliates.

• The Parties acknowledge and agree that Schedule 1 sets forth (x) the Pre-2013 Tax Attributes, Tax Effected California CODI and the Tax Attribute Reduction Amount, and (y) a good faith estimate based on best available information as of the Execution Date of (i) the 2013 Tax Attributes, (ii) the 2014 Tax Attributes, (iii) the Tax Effected Federal CODI, and (iv) the Total Company Tax Attributes.

• FOX or CODI, as applicable, may obtain copies (but not originals) at their own expense of such information for bona fide business purposes.

• Thereafter the parties agree that, commencing from and after the period when CODI no longer has to consolidate the results of operations and financial position of FOX and during which CODI is required to account for its investment in FOX under the equity method of accounting (determined in accordance with GAAP and consistent with SEC reporting requirements) that the parties will comply with Sections 2.02(d) and 2.02(e) of this Article II.

• The access to information being granted pursuant to Section 1.01 hereof and the disclosure to CODI and FOX of Privileged information pursuant to this Agreement shall not be asserted by CODI or FOX to constitute, or otherwise deemed, a waiver of any Privilege that has been or may be asserted under this Section 1.08 or otherwise.

• FOX and CODI will consult with each other as to the timing of their annual and quarterly earnings releases and any interim financial guidance for a current or future period and, to the extent reasonably possible, will give each other the opportunity to review and comment on the information therein relating to the other.

• FOX and CODI hereby agree that neither party shall have any liability for monetary damages for any breach of this Agreement so long as such party used commercially reasonable efforts to comply with the obligation such party breached and continues thereafter to use commercially reasonable efforts to remedy such breach.

• FOX will use commercially reasonable efforts to select the same registered public accounting firm as CODI to serve as FOX’s independent registered public accounting firm (the “FOX Auditors”); provided, however, that the FOX Auditors may be different from CODI’s auditors if (i) CODI consents, which consent shall not be unreasonably withheld, or (ii) it is necessary to comply with applicable laws and listing requirements regarding auditor independence and qualifications.

• FOX will promptly deliver to CODI such additional financial and other information and data with respect to FOX and FOX’s business, properties, financial position, results of operations and prospects as may be reasonably requested by CODI from time to time.

More Definitions of CODI

CODI means (x) the gross amount of any U.S. federal taxable income of Seller or any Affiliate of Seller to the extent resulting from the “discharge of indebtedness,” within the meaning of Section 61(a)(11) of the Code and Treasury Regulations Section 1.61-12 that occurs, solely with respect to the Bridge Bonds (including, for the avoidance of doubt, the Exchange Company Notes exchanged therefor), as a result of (I) any significant modification (as defined by Treasury Regulations Section 1.1001-3) arising in connection with completing the Exchange Offer and/or (II) the consummation of the Bridge Bond Exchange and the Transferred Equity Purchase as contemplated in the Exchange Offer Memorandum and in connection with the Transactions and (y) any amounts that would have constituted income described in clause (x) but was excluded from income under Section 108(a) of the Code resulting in a reduction in Income Tax attributes under Section 108(b) of the Code.

CODI means Corporation for Deposit Insurance, a subsidiary of the South African Reserve Bank;

CODI as defined in the first paragraph to this Agreement.

CODI is defined in the preamble.

CODI means Compass Group Diversified Holdings LLC, a Delaware limited liability company.