Common use of Anti-avoidance Clause in Contracts

Anti-avoidance. The Company has not been a party to or otherwise involved in any transaction, scheme or arrangement, the sole or main purpose of which, or one of the main purposes of which, was to avoid or defer a liability to Taxation.

Appears in 1 contract

Sources: Sale and Purchase Agreement (Seachange International Inc)

Anti-avoidance. The Company has not been a party to to, or has been otherwise involved in in, any transaction, scheme or arrangement, arrangement designed wholly or mainly or containing steps or stages having no commercial purpose and designed wholly or mainly for the sole or main purpose of which, avoiding Tax or one of the main purposes of which, was to avoid or defer reducing a liability to TaxationTax 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 to, nor has it been otherwise involved in in, any transaction, scheme or arrangement, arrangement containing steps or stages that have no commercial purpose or designed wholly or mainly for the sole or main purpose of which, avoiding or one of the main purposes of which, was to avoid deferring Tax or defer reducing a liability to TaxationTax 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 entered into or been a party to or otherwise involved in any transaction, scheme or arrangement, arrangement which has no commercial purpose or of which the sole or main purpose of whichpurpose, or one of the main purposes of whichpurposes, was to avoid the avoidance of or defer the reduction in or the deferral of a liability to TaxationTax.

Appears in 1 contract

Sources: Share Purchase Agreement (Vasco Data Security International Inc)

Anti-avoidance. The Company is not or has not been a party to or otherwise involved in any transactionscheme, scheme or arrangement, transaction or series of transactions the sole or main purpose of whichpurpose, or one of the main purposes of which, which was to avoid or defer a liability to Taxationthe avoidance of tax.

Appears in 1 contract

Sources: Sale and Purchase Agreement (Movado Group Inc)