Eligible Corporation definition

Eligible Corporation means any domestic C corporation (as defined in section 1361(a)(2) of the Code) other than a corporation which is exempt from, or is not subject to, tax under section 11 of the Code, an entity described in section 851(a) or 856(a) of the Code, a REMIC; or an organization to which part I, subchapter T, chapter 1, subtitle A of the Code applies. The Term "Related Person" means any person that bears a relationship to the Transferee enumerated in section 267(b) or 707(b)(1) of the Code, using "20 percent" instead of "50 percent" where it appears under the provisions; or is under common control (within the meaning of section 52(a) and (b) of the Code) with the Transferee.

Eligible Corporation means any domestic C corporation (as defined in section 1361(a)(2) of the Code) other than (A) a corporation which is exempt from, or is not subject to, tax under section 11 of the Code, (B) an entity described in section 851(a) or 856(a) of the Code, (C) A REMIC, or (D) an organization to which part I of subchapter T of chapter 1 of subtitle A of the Code applies; (ii) a "related person" is any person that (A) bears a relationship to the transferee enumerated in section 267(b) or 707(b)(1) of the Code, using "20 percent" instead of "50 percent" where it appears under the provisions, or (B) is under common control (within the meaning of section 52(a) and (b)) with the transferee.

Eligible Corporation. A domestic corporation described in section 860L(a)(2) of the Code that (i) is not the obligor on any debt instrument held as part of the Trust, and (ii) is not related, within the meaning of section 860L(g), to any person who is an obligor on any debt instrument held as part of the Trust.

Examples of Eligible Corporation in a sentence

• Notwithstanding anything to the contrary contained herein, the Ownership Certificate shall be owned at all times directly by an Eligible Corporation and shall be subject to the restrictions below.

• The Certificate Paying Agent shall be entitled to recover from any Holder of the Ownership Certificate that was not an Eligible Corporation at the time it became or any subsequent time it ceased to be an Eligible Corporation, all payments made on the Ownership Certificate at and after either such times (and all costs and expenses, including but not limited to attorneys’ fees, incurred in connection therewith).

• The Tenant shall make available to the Landlord or its lawful representatives for inspection at all reasonable times, all relevant books and records of the Tenant and of any Eligible Corporation which controls the Tenant to enable the Landlord to ascertain whether there has been a change of control.

• Prior to and as a condition of the registration of any transfer, sale or other disposition of the Residual Certificates, the proposed transferee shall deliver to the Certificate Registrar an affidavit in substantially the form attached hereto as Exhibit F-1 representing and warranting, among other things, that such transferee is an Eligible Corporation, and the proposed transferor shall deliver to the Certificate Registrar an affidavit in substantially the form attached hereto as Exhibit F-2.

• Pursuant to Section 14.1(e) of the Funding Agreement, the Owner Interest Certificates may not be acquired by any Person who is not an Eligible Corporation.

More Definitions of Eligible Corporation

Eligible Corporation means a corporation controlled by an Eligible Person and of which all other shareholders are Eligible Assignees;

Eligible Corporation means any do- mestic C corporation (as defined in sec- tion 1361(a)(2)) other than—

Eligible Corporation means, in respect of a Participant, a corporation controlled by that person and all the shares of which are held by that person and/or Eligible Assignees of that person;

Eligible Corporation means a corporation all of the issued and outstanding voting shares of which are beneficially owned, directly or indirectly, by an Eligible Person.

Eligible Corporation means a corporation which controls or is controlled by or under common control with the Tenant, control meaning the direct or indirect beneficial ownership of more than fifty percent (50%) of the shares of a corporation which may be voted at any meeting held for the purpose of the election of Directors of that corporation;

Eligible Corporation means a corporation organized to establish, operate, and maintain a foreign trade zone.

Eligible Corporation means a qualifying corporation that provides evidence satisfactory to the minister to establish: