Equity Security Requirements definition
Equity Security Requirements means a requirement that is satisfied with respect to any Equity Security if such Equity Security (i) does not cause the Issuer to be a 10% Shareholder of the issuer of the Collateral Debt Obligation and (ii) when acquired (including the manner of acquisition), owned or disposed of, will not cause the Issuer to be engaged in a U.S. trade or business for U.S. federal income tax purposes, will not subject the Issuer to net income tax in the United States and will not subject the Issuer to tax under Section 897 or 1445 of the Code.
Equity Security Requirements means a requirement that is satisfied with respect to any Equity Security if such Equity Security (i) does not cause the Issuer to be a 10% Shareholder of the issuer of any Collateral Debt Obligation and (ii) when acquired (including the manner of acquisition), owned or disposed of, will not cause the Issuer to be engaged in a U.S.