FIRPTA. Neither the Company, nor any of its Subsidiaries, is a “United States real property holding corporation” as such term is defined in Section 897(c)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder and neither the Company nor any of its Subsidiaries shall at any time take any action or otherwise acquire any interest in any asset or property to the extent the effect of which shall cause the Company and/or such Subsidiary, as the case may be, to be a “United States real property holding corporation” as such term is defined in Section 897(c)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder.
Appears in 14 contracts
Sources: Note Purchase Agreement (GreenHunter Resources, Inc.), Securities Purchase Agreement (Applied Digital Solutions Inc), Securities Purchase Agreement (Pervasip Corp)
FIRPTA. Neither the Companyit, nor any of its Subsidiaries, is a “United States real property holding corporation” as such term is defined in Section 897(c)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder and neither the Company nor any it and each of its Subsidiaries shall at any no time take any action or otherwise acquire any interest in any asset or property to the extent the effect of which shall cause the Company it and/or such Subsidiary, as the case may be, to be a “United States real property holding corporation” as such term is defined in Section 897(c)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder.
Appears in 8 contracts
Sources: Security Agreement (ProLink Holdings Corp.), Security and Purchase Agreement (Silicon Mountain Holdings, Inc.), Security Agreement (Spacedev Inc)
FIRPTA. Neither the Companyit, nor any of its Subsidiaries, is a “United States real property holding corporation” as such term is defined in Section 897(c)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder thereunder, and neither the Company nor any it and each of its Subsidiaries shall at any no time take any action or otherwise acquire any interest in any asset or property to the extent the effect of which shall cause the Company it and/or such Subsidiary, as the case may be, to be a “United States real property holding corporation” as such term is defined in Section 897(c)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder.
Appears in 5 contracts
Sources: Term Loan and Security Agreement (Accentia Biopharmaceuticals Inc), Security Agreement (NewMarket Technology Inc), Security Agreement (ProLink Holdings Corp.)
FIRPTA. Neither the No Company, nor any of its Subsidiaries, is a “United States real property holding corporation” as such term is defined in Section 897(c)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder and neither the no Company nor any of its Subsidiaries shall at any time take any action or otherwise acquire any interest in any asset or property to the extent the effect of which shall cause the such Company and/or such Subsidiary, as the case may be, to be a “United States real property holding corporation” as such term is defined in Section 897(c)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder.
Appears in 2 contracts
Sources: Note Purchase Agreement (usell.com, Inc.), Note Purchase Agreement (usell.com, Inc.)
FIRPTA. Neither the Company, nor any of its Subsidiaries, is a “"United States real property holding corporation” " as such term is defined in Section 897(c)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder and neither the Company nor any of its Subsidiaries shall at any time take any action or otherwise acquire any interest in any asset or property to the extent the effect of which shall cause the Company and/or such Subsidiary, as the case may be, to be a “"United States real property holding corporation” " as such term is defined in Section 897(c)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder.
Appears in 1 contract
FIRPTA. Neither the Parent, any Company, nor any of its their Subsidiaries, is a “United States real property holding corporation” as such term is defined in Section 897(c)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder and neither the Company nor any it and each of its Subsidiaries shall at any no time take any action or otherwise acquire any interest in any asset or property to the extent the effect of which shall cause the Company it and/or such Subsidiary, as the case may be, to be a “United States real property holding corporation” as such term is defined in Section 897(c)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder.
Appears in 1 contract
FIRPTA. Neither the Companyit, nor any of its Subsidiaries, is a “"United States real property holding corporation” " as such term is defined in Section 897(c)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder and neither the Company nor any it and each of its Subsidiaries shall at any no time take any action or otherwise acquire any interest in any asset or property to the extent the effect of which shall cause the Company it and/or such Subsidiary, as the case may be, to be a “"United States real property holding corporation” " as such term is defined in Section 897(c)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder.
Appears in 1 contract
FIRPTA. Neither the Companyit, nor any of its Subsidiaries, is a “United States real property holding corporation” as such term is defined in Section 897(c)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder and neither the Company nor any it and each of its Subsidiaries shall at any no time take any action or otherwise acquire any interest in any asset or property to the extent the effect of for which shall cause the Company it and/or such Subsidiary, as the case may be, to be a “United States real property holding corporation” as such term is defined in Section 897(c)(2897(e)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder.
Appears in 1 contract
FIRPTA. Neither the Company, nor any of its their Subsidiaries, is a “United States real property holding corporation” as such term is defined in Section 897(c)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder and neither the Company nor any of its their Subsidiaries shall at any time take any action or otherwise acquire any interest in any asset or property to the extent the effect of which shall cause the such Company and/or such Subsidiary, as the case may be, to be a “United States real property holding corporation” as such term is defined in Section 897(c)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder.
Appears in 1 contract
Sources: Securities Purchase Agreement (Applied Digital Solutions Inc)
FIRPTA. Neither the Company, nor No Company or any of its Subsidiaries, is a “United States real property holding corporation” as such term is defined in Section 897(c)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder and neither the no Company nor or any of its Subsidiaries shall at any time take any action or otherwise acquire any interest in any asset or property to the extent the effect of which shall cause the such Company and/or such Subsidiary, as the case may be, to be a “United States real property holding corporation” as such term is defined in Section 897(c)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder.
Appears in 1 contract
Sources: Securities Purchase Agreement (True North Energy CORP)