Deferred Gain definition
Examples of Deferred Gain in a sentence
For purposes of this Section 2.04(b), the term "DLC Deferred Gain" shall refer to the intercompany gain realized (and deferred for federal income tax purposes) in connection with the transfer by Dart Industries Inc.
Note 11 - Deferred Gain on Sale of Equity Interest in Consolidated Subsidiary In December 1999 and February 2000, SBC Comventures, Inc., a wholly-owned subsidiary of SBC, invested $10.0 million and $5.0 million, respectively, to obtain a 24.0% and 12.0% direct ownership interest, respectively, in a majority- owned subsidiary of the Company, VIC-RMTS-DC, LLC.
Note 11 - Deferred Gain on Sale of Equity Interest in Consolidated Subsidiary (continued) In April 2000, the Company exercised its right to repurchase a portion of the common ownership interest in VIC-RMTS-DC, LLC previously sold to SBC Comventures, Inc.