existing credit claimant
(A)The term “existing credit claimant” means a corporation— (ii)which acquired all of the assets of a trade or business of a corporation which— (I)satisfied the requirements of subclause (I) of clause (i) with respect to such trade or business, and (II)satisfied the requirements of subclause (II) of clause (i). (B)If, after, a corporation which would (but for this subparagraph) be an existing credit claimant adds a substantial new line of business (other than in an acquisition described in subparagraph (A)(ii)), such corporation shall cease to be treated as an existing credit claimant as of the close of the taxable year ending before the date of such addition. (C)If, on, and at all times thereafter, there is in effect with respect to a corporation a binding contract for the acquisition of assets to be used in, or for the sale of assets to be produced from, a trade or business, the corporation shall be treated for purposes of this paragraph as actively conducting such trade or business on. The preceding sentence shall not apply if such trade or business is not actively conducted before.