NSI. Del, NSI Enterprises and Spinco intend that the Distributions will qualify as distributions described in Section 355 of the Code and will not result in the recognition of any taxable gain or income to NSI-Del, NSI Enterprises, Spinco or any of their respective stockholders.
Appears in 2 contracts
Sources: Tax Disaffiliation Agreement (L&c Spinco Inc), Tax Disaffiliation Agreement (Acuity Brands Inc)