Definition of Tax Restructuring

  1. Tax Restructuring means any restructuring involving any of the Loan Parties or their Subsidiaries undertaken to eliminate or mitigate the effects of any investment in "United States property" (as defined in Section 956(c) of the Code), including, but not limited to, any actual or deemed liquidation, distribution, contribution, spin-off, merger or other reorganization involving any of the Loan Parties or their Subsidiaries, as reasonably determined by the Borrower and the Agents acting in good faith.

Examples of Tax Restructuring in a sentence

  1. In no event shall such Canadian Tax Restructuring, if completed as described in this Section 7.5, be deemed to constitute a Default or Unmatured Default.
  2. Section 10.2.5 of the Loan Agreement shall be amended by (i) deleting the word and after Section 10.2.5(i), (ii) replacing the period after Section 10.2.5(j) with ; and and (iii) inserting the following immediately after Section 10.2.5(j): (k) the Tax Restructuring.

Definition of Tax Restructuring in Financing Agreement

Tax Restructuring means any restructuring involving any of the Loan Parties or their Subsidiaries undertaken to eliminate or mitigate the effects of any investment in "United States property" (as defined in Section 956(c) of the Code), including, but not limited to, any actual or deemed liquidation, distribution, contribution, spin-off, merger or other reorganization involving any of the Loan Parties or their Subsidiaries, as reasonably determined by the Borrower and the Agents acting in good faith.