Common use of PFIC Status Clause in Contracts

PFIC Status. Based on management estimates and projections of future operations and revenue, the Company does not believe that it will be a “passive foreign investment company” (“PFIC”) as defined in Section 1297 of the United States Internal Revenue Code of 1986, as amended (the “Code”), for its current taxable year and does not expect to become a PFIC in the foreseeable future.

PFIC Status. Based on management estimates the Company’s current projected income, assets and projections of future operations and revenueactivities, the Company does not believe that it will expect to be a treated as “passive foreign investment company” (“PFIC”) as defined in Section 1297 of the United States Internal Revenue Code of 1986, as amended (the “Code”), for its the current taxable year and does not expect to become a PFIC in the foreseeable futureor for any future taxable year.

PFIC Status. Based on management estimates the Company’s current projected income, assets and projections of future operations and revenueactivities, the Company does not believe that it will expect to be classified as a “passive foreign investment company” (“PFIC”) as defined in Section 1297 of the United States Internal Revenue Code of 1986, as amended (the “Code”)amended, for its current the taxable year ending December 31, 2010 and does not expect to become a PFIC in the foreseeable future.

PFIC Status. Based on management estimates and projections of future operations and revenue, the The Company does not believe that it will be was a “passive foreign investment company” (“PFIC”) as defined in Section 1297 of the United States Internal Revenue Code of 1986, as amended (amended, for its most recently completed taxable year, and, based on management’s current estimates and projections of future operations and revenue, the “Code”), Company does not believe that it will be a PFIC for its current taxable year and does not expect to become a PFIC in the foreseeable future.

PFIC Status. Based on management estimates and projections of future operations and revenue, the The Company does not believe that it will should be classified as a “passive foreign investment company” (“PFIC”) as defined in Section 1297 of the United States Internal Revenue Code of 1986, as amended (the “Code”)amended, for its current most recently completed taxable year and, based on the Company’s current projected income, assets and activities, the Company does not expect to become be classified as a PFIC in for the current year or for the foreseeable future.

PFIC Status. Based on management estimates and projections of future operations and revenue, the The Company does not believe that it will expect to be classified as a “passive foreign investment company” (“PFIC”) as defined in Section 1297 of the United States Internal Revenue Code of 1986, as amended (the “Code”), for its current taxable year and does not expect to become a PFIC or in the foreseeable future.

PFIC Status. Based on management estimates the current expected composition of the Company’s income and projections assets and the value of future operations and revenueits assets, the Company does not believe that it will expect to be a “passive foreign investment company” (“PFIC”) as defined in Section 1297 of the United States Internal Revenue Code of 1986, as amended (the “Code”), for its current taxable year and does not expect to become a PFIC in the foreseeable futureyear.

PFIC Status. Based on management estimates the composition of the Company’s income and projections of future operations and revenueassets, the Company does not believe that it will expect to be a “passive foreign investment company” (“PFIC”) as defined in Section 1297 of the United States Internal Revenue Code of 1986, as amended (the “Code”)amended, for its current taxable year and does not expect to become a PFIC or in the foreseeable future.

PFIC Status. Based on management estimates and projections of future operations and revenue, the The Company does not presently believe that it will should be classified as a “passive foreign investment company” (“PFIC”) as defined in Section 1297 of the United States Internal Revenue Code of 1986, as amended (the “Code”), for its current the 2009 taxable year and does not expect to become [anticipate being] a PFIC in the foreseeable futureany future taxable years.