Common use of Anti-avoidance Clause in Contracts

Anti-avoidance. The Company has not been a party to, or has been otherwise involved in, any transaction, scheme or arrangement designed wholly or mainly or containing steps or stages having no commercial purpose and designed wholly or mainly for the purpose of avoiding Tax or reducing a liability to Tax or amounts to be accounted for under PAYE.

Appears in 1 contract

Sources: Sale and Purchase Agreement (P&f Industries Inc)

Anti-avoidance. 13.1 The Company has not been a party to, or nor has it been otherwise involved in, any transaction, scheme or arrangement designed wholly or mainly or containing steps or stages having that have no commercial purpose and or designed wholly or mainly for the purpose of avoiding or deferring Tax or reducing a liability to Tax or amounts to be accounted for under PAYE.

Appears in 1 contract

Sources: Share Purchase Agreement (Concierge Technologies Inc)

Anti-avoidance. The Company has not been a party to, to or has been otherwise involved in, in any transaction, scheme or arrangement designed wholly arrangement, the sole or mainly or containing steps or stages having no commercial purpose and designed wholly or mainly for the main purpose of avoiding Tax which, or reducing one of the main purposes of which, was to avoid or defer a liability to Tax or amounts to be accounted for under PAYETaxation.

Appears in 1 contract

Sources: Sale and Purchase Agreement (Seachange International Inc)