US IC Code definition
US IC Code means the U.S. Internal Revenue Code of 1986, as amended.
Examples of US IC Code in a sentence
As soon as practicable, and in any event not later than sixty (60) days after the Completion Date, the Purchaser shall, for U.S. federal income tax purposes, prepare for the Parent's review and comments a proposed allocation of the Purchase Price among the assets of Tradin US and prepared in accordance with applicable Law, including Section 1060 of the US IC Code and the U.S. Treasury regulations promulgated thereunder (the Proposed U.S. Tax Allocation).
No amounts paid or payable by any Group Company are subject to any Tax or penalty imposed under Section 457A of the US IC Code.