Controlled Foreign Corporation definition

Controlled Foreign Corporation means “controlled foreign corporation” as defined in the Tax Code.
Controlled Foreign Corporation means any Subsidiary which is (i) a “controlled foreign corporation” (within the meaning of Section 957 of the Code), (ii) a subsidiary substantially all the assets of which consist of debt or equity in Subsidiaries described in clause (i) of this definition, or (iii) an entity treated as disregarded for U.S. federal income tax purposes that owns more than 65% of the voting stock of a Subsidiary described in clause (i) or (ii) of this definition.
Controlled Foreign Corporation means a controlled foreign corporation within the meaning of Section 957(a) of the Code.

Examples of Controlled Foreign Corporation in a sentence

  • Schedule 3.12(a) sets forth as of the Amendment No. 1 Effective Date each Subsidiary of the Borrower that is a Controlled Foreign Corporation and/or Financing Subsidiary.


More Definitions of Controlled Foreign Corporation

Controlled Foreign Corporation means any foreign corporation if more than 50 percent of the total combined voting power of all classes of stock of such corporation entitled to vote, or the total value of the stock of such corporation, is owned, or is considered as owned, by “United States shareholders” on any day during the taxable year of such foreign corporation. The term aUnited States shareholder” means, with respect to any foreign corporation, a United States person who owns, or is considered as owning, 10 percent or more of the total combined voting power of all classes of stock entitled to vote of such foreign corporation.
Controlled Foreign Corporation means any Subsidiary which is (i) a “controlled foreign corporation” (within the meaning of Section 957 of the Code), (ii) a Subsidiary substantially all the assets of which consist (directly or indirectly through one or more flow-through entities) of Equity Interests and/or indebtedness of one or more Subsidiaries described in clause (i) of this definition, or (iii) an entity treated as disregarded for U.S. federal income tax purposes and substantially all of the assets of which consist (directly or indirectly through one or more flow-through entities) of the Equity Interests and/or indebtedness of one or more Subsidiaries described in clause (i) or (ii) of this definition.
Controlled Foreign Corporation means "controlled foreign corporation" as defined in the Tax Code.
Controlled Foreign Corporation means a “controlled foreign corporation” as defined in the Internal Revenue Code.
Controlled Foreign Corporation means a “controlled foreign corporation” as defined in Section 957(a) of the Code.
Controlled Foreign Corporation means “controlled foreign corporation” as defined in the United States Internal Revenue Code of 1986, as amended from time to time.
Controlled Foreign Corporation means “controlled foreign corporation” as defined in the IRC.