Examples of HoldCo Preferred Stock in a sentence
The HoldCo Preferred Stock Transfer will preclude the satisfaction of the §351 control requirement with respect to the HoldCo Contribution.
Distributing will sell the HoldCo Preferred Stock to the HoldCo Preferred Buyer(s) for an amount intended to equal the fair market value of such stock.
Additionally, prior to the effective date of the HoldCo CTB Election, HoldCo will have issued the HoldCo Common Stock and the HoldCo Preferred Stock to Distributing, and (ii) entered into a binding commitment to sell the HoldCo Preferred Stock to one or more unrelated third parties (the purchaser(s) of such stock, the “HoldCo Preferred Buyer(s),” and the Federal income tax consequences associated with the HoldCo CTB Election, the “HoldCo Contribution”).
The HoldCo Preferred Stock will constitute equity in HoldCo for Federal income tax purposes.