Examples of Taxable Sale in a sentence
With respect to the portion of the Boomerang Contribution that is treated as a Taxable Sale, a Holder will recognize gain or loss equal to the difference between (1) the issue price of the Subordinated Notes received by such Holder (discussed in Section 10.3(b)(6) below) and (2) such Holder’s adjusted tax basis, if any, in the portion of the Allowed Term Loan Facility Claim that is deemed sold.
If, at the time of the exchange, the Allowed Term Loan Facility Claims are considered to be traded on an established market and the Subordinated Notes are not considered to be traded on an established market, the issue price of the Subordinated Notes should generally equal the fair market value of the portion of the Allowed Term Loan Facility Claims (as indicated by the sources mentioned in (a) through (c) in the prior paragraph) that is exchanged for the Subordinated Notes in a Taxable Sale.
Such restructuring may include one or more mergers, consolidations, conversions, formations, restructures, dispositions, liquidations, dissolutions or the Taxable Sale Transaction, as may be determined by the Debtors or Reorganized Debtors to be necessary or appropriate, but in all cases subject to the terms and conditions of this Plan and the Restructuring Documents and any consents or approvals required thereunder (collectively, the “Restructuring Transactions”).
Responses were broken down by sheriffdom and user group, but were generally too small for any noticeable differences to be made.
Taxable Sale IncomeA timber owner's capital cost of establishing or acquiring his or her timber asset is recovered as the timber is sold or when the timberland itself is sold.