CTB Election definition

CTB Election means the entity classification election filed by SABMiller to be disregarded as an entity separate from NewCo for U.S. Federal income Tax purposes under Section 7701 of the Code and Treasury Regulation Sections 301.7701-1 through 301.7701-3;

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CTB Election is defined in the Recitals.

CTB Election is defined in the definition of Holdco REIT Election.

Examples of CTB Election in a sentence

• The General Partner shall have made the CTB Election in accordance with the procedures set forth in IRS Form 8832 and its instructions.

• Except for the effective date of the CTB Election, if a date on which any party is required to take any action under the terms of this Agreement is not a Business Day, the action may be taken on the next succeeding Business Day without penalty.

• For U.S. federal (and applicable state and local) income tax purposes, (i) the CTB Election, (ii) the CLMT Merger and (iii) the GP Merger each shall be treated as tax-deferred contributions governed by Section 351 of the Code (and any corresponding provision of state or local law).

• From the date of the applicable CTB Election until the date of the Closing, each of SDHC and ndtHost will be properly treated as an entity disregarded as separate from the applicable Seller for U.S. federal income tax purposes.

• The parties intend that the acquisition by Newco of the shares of the Company pursuant to the completion of the Offer, followed by the CTB Election, shall together be treated as a reorganization under Section 368(a)(1)(F) of the United States Internal Revenue Code (the “Code”), and that this Agreement shall constitute the “plan of reorganization” within the meaning of Sections 354 and 361 of the Code.

More Definitions of CTB Election

CTB Election means the election under U.S. Treasury Regulations Section 301.7701-3(c) for MidCo to be treated as a corporation for U.S. federal income tax purposes effective on October 29, 2021.

CTB Election shall have the meaning set forth in Section 2.1.2(s) hereof.

CTB Election means, with respect to 5 Star, a “check-the-box” election for United States federal Income Tax purposes, made (a) pursuant to the Code and Treasury Regulation Section 301.7701-3(c) and (b) on IRS Form 8832, with an effective date that is at least two (2) days prior to the Closing Date.

CTB Election has the meaning set forth on Exhibit A.

CTB Election has the meaning set forth in section 6.2(j)(i) hereof;

CTB Election shall have the meaning set forth in Section 5.15(a).

CTB Election has the meaning set forth in Section 6.18(a).