US Target definition
Examples of US Target in a sentence
Sellers have provided Purchaser with a complete list of all claims previously made by Seller under the US Target Agreement and Plan of Merger and Sellers shall promptly notify Purchaser in writing prior to making any such claim following the date hereof.
No Form 8832 has ever been filed with respect to the US Target as other than a disregarded entity and, as of the Closing Date, no such election shall have been made.
Purchaser shall cause the US Target to remit to Parent Seller all cash collections exceeding such amount and such Taxes within twenty (20) Business Days of the end of the month during which such amount is received.
The US Target owns one hundred percent (100%) of the outstanding equity interests of each of its Subsidiaries (either directly or indirectly) and no other Person has any subscription, warrant, option, convertible security or other right (contingent or otherwise) to purchase or acquire any shares of the capital stock of any Subsidiary of the US Target.
The parties also agree that the purchase and sale of the U.S. Interests shall be treated for U.S. federal income tax purposes as the purchase by U.S. Purchaser and the sale by U.S. Seller of all of the assets of U.S. Target.