Disregarded Subsidiary definition

Disregarded Subsidiary any Subsidiary that is disregarded as an entity separate from its sole owner under Treasury Regulation Sections 301, 7701-2(c)(2) or -3(b).

Disregarded Subsidiary means any Disregarded Entity that is held by the Transferred Company directly or indirectly through other Disregarded Entities.

Disregarded Subsidiary means any Disregarded Entity that is held by the Company directly or indirectly through other Disregarded Entities.

Examples of Disregarded Subsidiary in a sentence

• All Property Taxes levied (and refunds received) with respect to the Purchased Assets or the assets of any Disregarded Subsidiary Company for the Straddle Tax Period, and all contingent expenses paid to consultants for appealing such Property Taxes, shall be apportioned between Buyer and Seller based on the number of days of such Straddle Tax Period included in the Pre-Closing Tax Period and the number of days of such Straddle Tax Period included in the Post-Closing Tax Period.

• Each Disregarded Subsidiary (other than Casino Computer Programming, Inc., an Indiana corporation (“CCPI”)) has been “disregarded as an entity separate from its owner” within the meaning of Treasury Regulation Section 301.7701-3(b)(ii) for federal Income Tax purposes at all times since its acquisition by the Company.

• In the case of a Disregarded Subsidiary, for U.S. federal income tax purposes (i) the Fund is treated as owning the Disregarded Subsidiary’s assets directly; (ii) any income, gain, loss, deduction or other tax items arising in respect of the Disregarded Subsidiary’s assets will be treated as if they are realized or incurred, as applicable, directly by the Fund; and (iii) any distributions the Fund receives from the Disregarded Subsidiary will have no effect on the Fund’s U.S. federal income tax liability.

• The Strategic Plan Financial Policies discussed in Section 3.1 provide some basic guidelines for financial planning.

More Definitions of Disregarded Subsidiary

Disregarded Subsidiary means any Subsidiary that has no material assets other than the Capital Stock and/or Indebtedness of one or more Foreign Subsidiaries that are “controlled foreign corporations” (as defined in Section 957(a) of the Code) or one or more Disregarded Subsidiaries, IP Rights related to such Foreign Subsidiaries or Disregarded Subsidiaries, Cash or Cash Equivalents and other incidental assets related thereto.

Disregarded Subsidiary means any Subsidiary that is not organized as a corporation and for federal income tax purposes has only a single owner.

Disregarded Subsidiary shall have the meaning set forth in Section 1.10.

Disregarded Subsidiary means a Subsidiary that is treated as a disregarded entity for U.S. federal income tax purposes.

Disregarded Subsidiary means a Subsidiary of Crown Holdings that is disregarded as an entity separate from its owner for

Disregarded Subsidiary means any Subsidiary that is not organized as a corporation and for federal income tax purposes has only a single

Disregarded Subsidiary means any Subsidiary (other than any Subsidiary (x) owning any fee interest in real property or (y) that owns or operates a casino) that, as of any date of determination, does not have, together with its Subsidiaries, (i) assets with a value in excess of 1.5% of Consolidated Total Assets and (ii) did not, for the four fiscal quarter period ending on the last day of such fiscal quarter for which financial statements are available, have revenues or Consolidated EBITDA exceeding 1.5% of the total revenues or Consolidated EBITDA of the Borrower and its Subsidiaries. The aggregate amount of assets, revenues or Consolidated EBITDA of all such Disregarded Subsidiaries subject to an event described in clause (h), (i) or (j) of Article VII cannot exceed 5.0% of Consolidated Total Assets, revenues or Consolidated EBITDA. If a Disregarded Subsidiary becomes subject to an event described in clause (h), (i) or (j) of Article VII, then neither the Borrower nor any Subsidiary shall thereafter make any Investment in or to such Disregarded Subsidiary.