Election definition
Examples of Election in a sentence
Election of an optional form is subject to the qualified election provisions of Section 6.03 and the distribution requirements of Article VII.
Election of an optional form is subject to the qualified election provisions of Section 6A.03 and the distribution requirements of Article VII.
For U.S. federal (and applicable state and local) Tax purposes, the Parties intend that (i) the NewCo Contribution and Q Sub Election be treated as a reorganization within the meaning of Section 368(a)(1)(F) of the Code, and (ii) the purchase and sale of the Company Interests shall be treated as a taxable sale of the assets of the Company and its Subsidiaries (the “Intended Tax Treatment”).
Any portion of the Exchange not settled through an exercise of a Cash Election shall be settled by delivery of shares of Class A Common Stock.
In the event the Borrower shall have failed to select in a Notice of Election the duration of the Interest Period to be applicable to any conversion into, or continuation of, SOFR Loans, then such Borrower shall be deemed to have selected an Interest Period with a duration of one (1) month.