Commonly Controlled Person definition

Commonly Controlled Person means an entity, whether or not incorporated, which is under common control with Lessee within the meaning of Section 414(b) or (c) of the Code.
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Examples of Commonly Controlled Person in a sentence

  • No Plan maintained or contributed to (or required to be contributed to) by Lessee or any Person who was at such time a Commonly Controlled Person has incurred an "accumulated funding deficiency" (as defined in Section 302 of ERISA).

  • No Lien imposed under the Code or ERISA on the assets of Lessee or any Commonly Controlled Person exists or is reasonably likely to arise on account of any Plan.

  • No prohibited transaction (as defined in Section 406 of ERISA or Section 4975 of the Code) has occurred which has subjected or could subject Lessee or any Commonly Controlled Person to any liability under Section 502(i) of ERISA or Section 4975 of the Code.

Related to Commonly Controlled Person

  • Commonly Controlled Entity an entity, whether or not incorporated, that is under common control with the Borrower within the meaning of Section 4001 of ERISA or is part of a group that includes the Borrower and that is treated as a single employer under Section 414 of the Code.

  • Section 385 Controlled Partnership has the meaning set forth in Treasury Regulation Section 1.385-1(c)(1) for a “controlled partnership”.

  • publicly controlled means owned by or otherwise under the control of an organ of state, including—

  • Controlled unaffiliated business means a company:

  • Controlled Entities means those entities (including special purpose entities) over which another party has the power to govern, directly or indirectly, decision making in relation to financial and operating policies, so as to require that entity to conform with such controlling party’s objectives;