Common use of Anti-avoidance Clause in Contracts

Anti-avoidance. 8.9.1 The Company has not entered into or been a party to any pre-ordained series of transactions, composite transactions or any other schemes or arrangements into which steps were inserted which served no purpose other than the saving of Taxation. 8.9.2 The Company has not been party to any other transaction or arrangement of any nature which could give rise to a charge to Taxation under Part XVII Taxes Act.

Appears in 1 contract

Sources: Share Acquisition Agreement (Pharmacopeia Inc)

Anti-avoidance. 8.9.1 8.9.1. The Company has not entered into or been a party to any pre-ordained series of transactions, composite transactions or any other schemes or arrangements into which steps were inserted which served no purpose other than the saving of Taxation. 8.9.2 8.9.2. The Company has not been party to any other transaction or arrangement of any nature which could give rise to a charge to Taxation under Part XVII Taxes Act.

Appears in 1 contract

Sources: Agreement for the Sale and Purchase of Shares (Pharmacopeia Inc)

Anti-avoidance. 8.9.1 6.9.1. The Company has not entered into or been a party to any pre-ordained series of transactions, composite transactions or any other schemes or arrangements into which steps were inserted which served no purpose other than the saving of Taxationtaxation. 8.9.2 6.9.2. The Company has not been a party to any other transaction or arrangement of any nature which could give rise to a charge to Taxation taxation under Part XVII Taxes Act.

Appears in 1 contract

Sources: Share Sale Agreement (Intertan Inc)