Non-Recognition Transaction definition

Non-Recognition Transaction means an exchange to which Code Section 351 applies or a transaction which qualifies as a "reorganization" under Code Section 368(a), as described in Sections 2.1(a) and 2.1(b) of the CII Exchange Agreement.
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Non-Recognition Transaction means an exchange to which Code
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Examples of Non-Recognition Transaction in a sentence

  • Each party hereto agrees to execute any and all further documents and writings and to perform such other actions which may be or become necessary or expedient to effectuate and carry out this Agreement, including any Non-Recognition Transaction.

  • Within ten (10) Business Days of receipt of the Required Exchange Notice, the applicable ▇▇▇▇▇ Entities shall deliver a written notice to the Company specifying the type of exchange to be effected in the transaction pursuant to this Section 5(g), and, if the applicable ▇▇▇▇▇ Entities specify a Non-Recognition Transaction, if available, the nature thereof.

  • The Company shall, and Alle▇ ▇▇▇ll cause such Alle▇ ▇▇▇ity to, take all necessary action to effectuate the Non-Recognition Transaction.

  • In some cases this may result in the final amount received being less than the deposit amount remitted.

Related to Non-Recognition Transaction

  • Separation Transaction means the sale or separation of the non-television business of the Holding Company in whole or in part, whether by asset sale or otherwise.

  • Termination Transaction has the meaning set forth in Section 11.2.B hereof.

  • Separation Transactions has the meaning set forth in the Separation and Distribution Agreement.

  • SPAC Transaction means a transaction or series of related transactions by merger, consolidation, share exchange or otherwise of the Company with a publicly traded “special purpose acquisition company” or its subsidiary (collectively, a “SPAC”), immediately following the consummation of which the common stock or share capital of the SPAC or its successor entity is listed on the Nasdaq Stock Market, the New York Stock Exchange or another exchange or marketplace approved by the Board of Directors, including a majority of the Preferred Directors.

  • Acquisition Transaction means any transaction or series of transactions involving: