Examples of Second Contribution in a sentence

Old Parent will recognize no gain or loss upon the Second Contribution (§§ 361(a) and 357(a)).
Sub 3’s holding period for each asset received in the Second Contribution will include the period during which Old Parent held such asset (§ 1223(2)).
Sub 3 will recognize no gain or loss upon the Second Contribution (§ 1032(a)).
Sub 3 will contribute Certain Sub 3 Assets, subject to liabilities, relating to Business 2 (including part of the capital construction funds that it received in the Second Contribution (step (vii), above) and one qualified CCF vessel) to Sub 7 in exchange for t shares of Sub 7 common stock (the “Third Contribution”).
Sub 3’s basis for each asset received in the Second Contribution will equal the basis of that asset in the hands of Old Parent immediately prior to the transfer (§ 362(b)).

More Definitions of Second Contribution

Second Contribution has the meaning set forth in the Recitals of this Agreement.

Second Contribution has the meaning specified in Section 2.02.

Second Contribution means the contribution (as part of the Reorganization) by Penn to GLPI of all of the GLPI Assets held directly by Penn in actual or constructive exchange for (i) the assumption by GLPI of GLPI Liabilities of Penn, (ii) the issuance by GLPI to Penn of shares of GLPI Common Stock, and (iii) a portion of the GLPI Cash Payment.

Second Contribution has the meaning set forth in the recitals above. “Shared Services Agreement” has the meaning set forth in Section 3.01(b).

Second Contribution shall have the meaning given to such term in Section 11.3 herein.

Second Contribution shall have the meaning set forth in Section 5.12(h).

Second Contribution either (a) third party financial support of at least $5,000,000 (in addition to the Montrovest LC) or (b) a new lender refinances the Obligations in full, in each case, acceptable to the Administrative Agent and the Lenders.