Qualifying Taxable Sale definition

Qualifying Taxable Sale means a Qualifying Sale, but only to the extent that the Borrower currently recognizes gain or loss.
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Examples of Qualifying Taxable Sale in a sentence

  • In the event of a disposition of the Pledged Shares pursuant to a Qualifying Taxable Sale, (i) the Lender shall forgive the accrued and unpaid interest on the Note and the portion of the principal of this Note that represents the excess of the principal amount over the LTCG Amount, and (ii) within thirty days of the consummation of the Qualifying Taxable Sale, the Borrower shall mandatorily prepay the remaining principal of this Note.

  • In the event of a disposition of the Pledged Shares pursuant to a Qualifying Taxable Sale, (i) the Lender shall forgive the accrued and unpaid interest on the Note and that portion of the principal of this Note that represents the excess of the principal amount over the LTCG Amount, and (ii) within thirty days of the consummation of the Qualifying Taxable Sale, the Borrower shall mandatorily prepay the remaining principal of this Note.

Related to Qualifying Taxable Sale

  • Qualifying tax rate means the applicable tax rate for the taxable year for the which the taxpayer paid income tax to a municipal corporation with respect to any portion of the total amount of compensation the payment of which is deferred pursuant to a nonqualified deferred compensation plan. If different tax rates applied for different taxable years, then the “qualifying tax rate” is a weighted average of those different tax rates. The weighted average shall be based upon the tax paid to the municipal corporation each year with respect to the nonqualified deferred compensation plan.

  • Pre-Closing Taxable Period means with respect to any tax, any applicable taxable period ending on or prior to consummation of the transactions contemplated hereby on the Closing Date or the allocable portion of any applicable taxable period that includes but does not end on the Closing Date.

  • Qualifying Transaction means a transaction where a CPC acquires Significant Assets, other than cash, by way of purchase, amalgamation, merger or arrangement with another Company or by other means.

  • Post-Closing Tax Period means any taxable period beginning after the Closing Date and the portion of any Straddle Period beginning after the Closing Date.

  • Pre-Closing Tax Period means any Tax period ending on or before the Closing Date.

  • casual taxable person means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in the taxable territory where he has no fixed place of business;

  • Sale Transaction has the meaning set forth in Section 3(a).

  • Qualifying investment means a capital investment in real property including the purchase price of land and existing buildings and structures, site preparation, improvements to the real property, building construction, and long-term lease costs. “Qualifying investment” also means a capital investment in depreciable assets.

  • Qualifying Period means 12 continuous Calendar Weeks during the whole or part of which the Agency Worker is supplied by one or more Temporary Work Agencies to the relevant Hirer to work temporarily for and under the supervision and direction of the relevant Hirer in the same role, and as further defined in the Schedule to these Terms;

  • Post-Closing Taxes means Taxes of the Company for any Post-Closing Tax Period.

  • Qualifying Distribution Event means (i) the Separation from Service of the Participant, (ii) the date the Participant becomes Disabled, (iii) the death of the Participant, (iv) the time specified by the Participant for an In-Service or Education Distribution, (v) a Change in Control Event, or (vi) an Unforeseeable Emergency, each to the extent provided in Section 5.

  • Qualifying Acquisition has the meaning specified in Section 5.03.

  • qualifying holding means a direct or indirect holding in an undertaking which represents 10 % or more of the capital or of the voting rights or which makes it possible to exercise a significant influence over the management of that undertaking;

  • Pre-Closing Tax Return has the meaning set forth in Section 7.1(a).

  • Qualifying exigency means a situation where the eligible employee seeks leave for one or more of the following reasons:

  • Qualifying Equity Interests means Equity Interests of the Company other than Disqualified Stock.

  • Qualifying Event means, during the Participant’s Services with the Company and its Affiliates, the Participant’s death or Disability.

  • Qualifying Subsidiary means any Subsidiary of the Company that (i) is not the Issuer or an Initial Guarantor, and (ii) at the relevant time of determination, is not a Joint Venture Company, a Project Company, a Local Operating Company, a Bidding Company or a Holding Vehicle.

  • qualifying interest means the aggregate interest, discount or original issue discount receivable by a resident individual in any year of income

  • Pre-Closing Taxes means Taxes of the Company for any Pre-Closing Tax Period.

  • Qualifying Entity shall have the meaning set forth in Section 5.2.13(b) hereof.

  • Pre-Closing Tax Periods means any and all Tax periods that end on or before the Closing Date and the portion of any Straddle Period ending at the end of day on which the Closing occurs.

  • Qualifying week means the 15th week before the expected week of childbirth.

  • Change in Control Transaction means the occurrence of any of the following events:

  • qualifying person means a person in respect of whom payment has been made from the Fund, the Eileen Trust, MFET Limited, the Skipton Fund, the Caxton Foundation or the London Bombings Relief Charitable Fund;

  • Base taxable value means the agreed value specified in a resolution or interlocal agreement under Subsection 17C-1-102(8) from which tax increment will be collected.