State Holder definition
State Holder means, solely for purposes of the definition of “Additional State Amount Payment” and Section 2.11 hereof, (i) a Holder who is a natural person subject to California taxation on his or her income; or (ii) a Holder, other than a natural person, that seeks, and is entitled under applicable law, to pay dividends (or make other distributions or allocations of income) that are exempt from California income tax.
State Holder means, solely for purposes of the definition of “Additional State Amount Payment” and Section 2.11 hereof, (i) a Holder who is a natural person subject to New York State taxation on his or her income; or (ii) a Holder, other than a natural person, that seeks, and is entitled under applicable law, to pay dividends (or make other distributions or allocations of income) that are exempt from New York State income tax.
State Holder. “ means, solely for purposes of the definition of “Additional State Amount Payment” and Section 2.10 hereof, (i) a Holder who is a natural person subject to New York State taxation on his or her income; or (ii) a Holder, other than a natural person, that seeks, and is entitled under applicable law, to pay dividends (or make other distributions or allocations of income) that are exempt from New York State income tax.
Examples of State Holder in a sentence
In the event that the Company determines to its satisfaction that such documentation has been provided and that SPARs may be lawfully distributed to any such Prohibited State Holder (“Prohibited State Exempt Holders”), the Company shall carry out a distribution of SPARs to such Prohibited State Exempt Holders (the “Prohibited State Exempt Distribution”) as set forth in this Agreement no later than thirty (30) calendar days following the time at which the Registration Statement becomes effective.