Examples of SPAC Transactions in a sentence
The Company shall have in effect (and shall cause each Subsidiary that is classified as a partnership for U.S. federal income tax purposes to have in effect) an election pursuant to Code Section 754 (and any similar provisions of applicable U.S. state or local law) for the Company for the Fiscal Year that includes the date of the SPAC Transactions and each Fiscal Year in which a sale or exchange (whether partial or complete) occurs.
With respect to property contributed or Section 704(c) amounts arising from revaluations made after the SPAC Transactions, the Company may use any method permitted under Treas.
The Company shall use the “traditional method” with respect to any property contributed to the Company in connection with the SPAC Transactions.
Notwithstanding anything to the contrary contained in this Agreement or in any other Loan Document, the parties hereto agree that in no event shall the Loan Agreement or any provision thereof be interpreted to prohibit the SPAC Transaction, in each case, as contemplated to occur, and pursuant to the documentation in effect on, on the Closing Date, and the consummation of such SPAC Transactions will not, on its own, result in a breach or default under the Loan Agreement or any other Loan Document.
Any Prepayment Notice with respect to optional prepayments may made expressly be subject to the occurrence of certain corporate transactions, including the SPAC Transactions.