Governmental unit definition

Governmental unit means a subdivision, agency, department, county, parish, municipality, or other unit of the government of the United States, a state, or a foreign country. The term includes an organization having a separate corporate existence if the organization is eligible to issue debt on which interest is exempt from income taxation under the laws of the United States.

Governmental unit means a “governmental unit” as defined in section 101(27) of the Bankruptcy Code.

Governmental unit means a governmental unit as defined in section 101(27) of the Bankruptcy Code.

Examples of Governmental unit in a sentence

In connection with the Plan, to the extent applicable, the Debtors, Reorganized Debtors, Disbursing Agent, and any applicable withholding agent shall comply with all tax withholding and reporting requirements imposed on them by any Governmental Unit, and all distributions made pursuant to the Plan shall be subject to such withholding and reporting requirements.
In connection with this Plan and all distributions hereunder, the Reorganized Debtors and any other applicable Distribution Agent (including for purposes of this Article VI, the Debtors) shall comply with all applicable withholding and reporting requirements imposed on them by any Governmental Unit, and all distributions hereunder and under all related agreements shall be subject to any such withholding and reporting requirements.
Notwithstanding any provision in this Plan to the contrary, each Holder of an Allowed Claim shall have the sole and exclusive responsibility for the satisfaction and payment of any tax obligations imposed by any Governmental Unit, including income, withholding, and other tax obligations, on account of such distribution.

More Definitions of Governmental unit

Governmental unit means the state, or any county, municipality, or other political subdivision or any department, division, board, or other agency of any of these entities.

Governmental unit means a governmental unit as such term is defined in section 101(27) of the Bankruptcy Code.

Governmental unit means the entire State, local, or federally-recognized Indian tribal government, including any component thereof. Components of governmental units may function independently of the governmental unit in accordance with the term of the award.

Governmental unit means a subdivision, agency,

Governmental unit has the meaning set forth in section 101(27) of the Bankruptcy Code.

Governmental unit means an office, department, division, bureau, board, commission, or other agency of this state or a subdivision of this state.

Governmental unit means a subdivision, agency, department, county, parish,

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