Sale of Xxxxx Corporation means the first to occur of:
of a corporation means all classes of Capital Stock of such corporation then outstanding and normally entitled to vote in the election of directors.
Subchapter S Corporation (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of stock of Borrower, or (d) purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.
S corporation means a person that has made an election under subchapter S of Chapter 1 of Subtitle A of the Internal Revenue Code for its taxable year.
Public corporation means the same as that term is defined in Section 63E-1-102.
Qualifying corporation means any person classified for federal income tax purposes as an association taxable as a corporation, except either of the following:
Van Xxxxxx Xxxrican Capital Tax Free High Income Fund ("Tax Free High Income Fund") Van Xxxxxx Xxxrican Capital California Insured Tax Free Fund ("California Insured Tax Free Fund") Van Xxxxxx Xxxrican Capital Municipal Income Fund ("Municipal Income Fund") Van Xxxxxx Xxxrican Capital Intermediate Term Municipal Income Fund (Intermediate Term Municipal Income Fund") Van Xxxxxx Xxxrican Capital Florida Insured Tax Free Income Fund ("Florida Insured Tax Free Income Fund") Van Xxxxxx Xxxrican Capital New Jersey Tax Free Income Fund ("New Jersey Tax Free Income Fund") Van Xxxxxx Xxxrican Capital New York Tax Free Income Fund ("New York Tax Free Income Fund") Van Xxxxxx Xxxrican Capital California Tax Free Income Fund ("California Tax Free Income Fund") Van Xxxxxx Xxxrican Capital Michigan Tax Free Income Fund ("Michigan Tax Free Income Fund") Van Xxxxxx Xxxrican Capital Missouri Tax Free Income Fund ("Missouri Tax Free Income Fund") Van Xxxxxx Xxxrican Capital Ohio Tax Free Income Fund ("Ohio Tax Free Income Fund")
Eligible Corporation means any domestic C corporation (as defined in section 1361(a)(2) of the Code) other than a corporation which is exempt from, or is not subject to, tax under section 11 of the Code, an entity described in section 851(a) or 856(a) of the Code, a REMIC; or an organization to which part I, subchapter T, chapter 1, subtitle A of the Code applies. The Term "Related Person" means any person that bears a relationship to the Transferee enumerated in section 267(b) or 707(b)(1) of the Code, using "20 percent" instead of "50 percent" where it appears under the provisions; or is under common control (within the meaning of section 52(a) and (b) of the Code) with the Transferee.
Professional corporation means a corporation incorporated under former 1962 PA 192, or a corporation incorporated under this act and governed by chapter 2A.
Domestic Corporation means an entity that is treated as a corporation for United States federal income tax purposes and is a U.S. Tax Person.
Business Corporations Act means the Business Corporations Act (British Columbia) from time to time in force and all amendments thereto and includes all regulations and amendments thereto made pursuant to that Act;
Designated 423 Corporation means any Related Corporation selected by the Board to participate in the 423 Component.