Q-Subs definition

Q-Subs means Asset Acceptance, Financial Credit and CFC Financial.
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Examples of Q-Subs in a sentence

  • S elects under § 1.1361–3 to treat C, X and Y as QSubs effective on the same date.

  • If QSub elections terminate for tiered QSubs on the same day, the formation of any higher tier subsidiary precedes the formation of its lower tier sub- sidiary.

  • Each controlled corporation that had or has any of its stock owned by Town Square Financial were from January 1, 2007 to the present properly treated as QSubs, as defined under Section 1361 of the Code, of Town Square Financial.

  • With the exception of its QSubs, the Sellers shall file such Tax Returns reflecting the Subject Companies status as partnerships for income tax purposes.

  • Except for the rights of Holding set forth in items 2-4 on Schedule 3.1(e), the sole Assets of Holding are the shares of capital stock held by it in the Q-Subs and the subscription receivable from ▇▇▇▇ ▇.

  • Each of the Q-Subs is and at all times has been a "qualified subchapter S subsidiary" (within the meaning of Section 1361(b) of the Internal Revenue Code) of Holding for each taxable year (or portion thereof) since the date it became a subsidiary of Holding, and no action has been or will be taken to terminate, and no condition exists which could result in termination of, such status prior to the Closing.

Related to Q-Subs

  • Seller Subsidiaries means the subsidiary partnerships of the McNeil Partnerships listed on Annex G to this Agreement (the "Subsidiary Partnerships") and the subsidiary corporations listed on Annex F to this Agreement (the "Subsidiary Corporations") which hold GP Interests in certain of the Subsidiary Partnerships.

  • IDI Subsidiary means any Issuer Subsidiary that is an insured depository institution.

  • Securitization Subsidiary means any Subsidiary formed for the purpose of, and that solely engages only in one or more Qualified Securitization Facilities and other activities reasonably related thereto.

  • Project Companies means all Group Project Companies and Non-Group Project Companies together, each being a “Project Company”.

  • Pre-Closing Environmental Liabilities means Environmental Liabilities that arise from facts, conditions or events first existing or first occurring at, on, under or from any Station Property before the Closing Date, including Liabilities with respect to Contamination first existing or first occurring before the Closing Date at a Station Property or at a site other than a Station Property to or at which any Seller or any of their predecessors or Affiliates disposed of or arranged for the disposal of any Hazardous Materials at or prior to the Effective Time.