Common use of PFIC Status Clause in Contracts

PFIC Status. The Company is not, for the taxable year ended December 31, 2008, and upon consummation of the transactions described hereby and the application of the proceeds as described in the Registration Statement, the Disclosure Package and the Prospectus is not expected to become, a Passive Foreign Investment Company within the meaning of Section 1297 of the Internal Revenue Code, as amended.

Appears in 5 contracts

Sources: Placement Agency Agreement (Pluristem Therapeutics Inc), Placement Agency Agreement (Regenerx Biopharmaceuticals Inc), Underwriting Agreement (Overland Storage Inc)

PFIC Status. The Company is not, for the taxable year ended December August 31, 20082009, and upon consummation of the transactions described hereby and the application of the proceeds as described in the Registration Statement, the Disclosure Package and the Prospectus is not expected to become, a Passive Foreign Investment Company within the meaning of Section 1297 of the Internal Revenue Code, as amended.

Appears in 4 contracts

Sources: Placement Agency Agreement (BSD Medical Corp), Placement Agency Agreement (BSD Medical Corp), Placement Agency Agreement (BSD Medical Corp)

PFIC Status. The Company is not, for the taxable year ended December 31, 20082012, and upon consummation of the transactions described hereby and the application of the proceeds as described in the Registration Statement, the Disclosure Package and the Prospectus is not expected to become, a Passive Foreign Investment Company within the meaning of Section 1297 of the Internal Revenue Code, as amended.

Appears in 2 contracts

Sources: Placement Agency Agreement (LIGHTBRIDGE Corp), Placement Agency Agreement (LIGHTBRIDGE Corp)

PFIC Status. The Company is not, for the taxable year ended December 31, 2008, and upon consummation of the transactions described hereby hereby, the issuance and sale of the Other Securities and the application of the proceeds as described in the Registration Statement, the Disclosure Package and the Prospectus is not expected to become, a Passive Foreign Investment Company within the meaning of Section 1297 of the Internal Revenue Code, as amended.

Appears in 2 contracts

Sources: Underwriting Agreement (Parkervision Inc), Underwriting Agreement (Parkervision Inc)

PFIC Status. The Company is not, for the taxable year ended December 31, 20082015, and upon consummation of the transactions described hereby and the application of the proceeds as described in the Registration Statement, the Disclosure Package and the Prospectus is not expected to become, a Passive Foreign Investment Company within the meaning of Section 1297 of the Internal Revenue Code, as amended.

Appears in 2 contracts

Sources: Placement Agency Agreement (Inventergy Global, Inc.), Placement Agency Agreement (Inventergy Global, Inc.)

PFIC Status. The Company is not, for the taxable year ended December 31June 30, 20082013, and upon consummation of the transactions described hereby and the application of the proceeds as described in the Registration Statement, the General Disclosure Package and the Prospectus is not expected to become, a Passive Foreign Investment Company within the meaning of Section 1297 of the Internal Revenue Code, as amended.

Appears in 2 contracts

Sources: Underwriting Agreement (Cardica Inc), Underwriting Agreement (Cardica Inc)

PFIC Status. The Company is not, for the taxable year ended December August 31, 20082010, and upon consummation of the transactions described hereby and the application of the proceeds as described in the Registration Statement, the Disclosure Package and the Prospectus is not expected to become, a Passive Foreign Investment Company within the meaning of Section 1297 of the Internal Revenue Code, as amended.

Appears in 1 contract

Sources: Placement Agency Agreement (BSD Medical Corp)

PFIC Status. The Company is not, for the taxable year ended December 31June 30, 20082012, and upon consummation of the transactions described hereby and the application of the proceeds as described in the Registration Statement, the General Disclosure Package and the Prospectus is not expected to become, a Passive Foreign Investment Company within the meaning of Section 1297 of the Internal Revenue Code, as amended.

Appears in 1 contract

Sources: Underwriting Agreement (Cardica Inc)

PFIC Status. The Company is not, for the taxable year ended December 31, 2008, 2010 and upon consummation of the transactions described hereby and the application of the proceeds as described in the Registration Statement, the Disclosure Package and the Prospectus is not expected to become, a Passive Foreign Investment Company within the meaning of Section 1297 of the Internal Revenue Code, as amended.

Appears in 1 contract

Sources: Placement Agency Agreement (Peregrine Pharmaceuticals Inc)

PFIC Status. The Company is not, for the taxable year ended December 31, 20082013, and upon consummation of the transactions described hereby and the application of the proceeds as described in the Registration Statement, the Disclosure Package and the Prospectus is not expected to become, a Passive Foreign Investment Company within the meaning of Section 1297 of the Internal Revenue Code, as amended.

Appears in 1 contract

Sources: Placement Agency Agreement (CYREN Ltd.)

PFIC Status. The Company is not, for the taxable year ended December 31, 20082010, and upon consummation of the transactions described hereby and the application of the proceeds as described in the Registration Statement, the Disclosure Package and the Prospectus is not expected to become, a Passive Foreign Investment Company within the meaning of Section 1297 of the Internal Revenue Code, as amended.

Appears in 1 contract

Sources: Placement Agency Agreement (ARCA Biopharma, Inc.)

PFIC Status. The Company is not, for the taxable year ended December 31, 20082014, and upon consummation of the transactions described hereby and the application of the proceeds as described in the Registration Statement, the General Disclosure Package and the Prospectus is not expected to become, a Passive Foreign Investment Company within the meaning of Section 1297 of the Internal Revenue Code, as amended.

Appears in 1 contract

Sources: Underwriting Agreement (AxoGen, Inc.)

PFIC Status. The Company is not, for the taxable year ended December 31, 20082013, and upon consummation of the transactions described hereby and the application of the proceeds as described in the Registration Statement, the Disclosure Package and the Prospectus is not expected to become, a Passive Foreign Investment Company within the meaning of Section 1297 of the Internal Revenue Code, as amended.

Appears in 1 contract

Sources: Placement Agency Agreement (Assembly Biosciences, Inc.)

PFIC Status. The Company is not, for the taxable year ended December 31June 30, 20082011, and upon consummation of the transactions described hereby and the application of the proceeds as described in the Registration Statement, the General Disclosure Package and the Prospectus is not expected to become, a Passive Foreign Investment Company within the meaning of Section 1297 of the Internal Revenue Code, as amended.

Appears in 1 contract

Sources: Underwriting Agreement (Cardica Inc)

PFIC Status. The Company is not, for the taxable year ended December 31January 1, 20082011, and upon consummation of the transactions described hereby and the application of the proceeds as described in the Registration Statement, the Disclosure Package and the Prospectus is not expected to become, a Passive Foreign Investment Company within the meaning of Section 1297 of the Internal Revenue Code, as amended.

Appears in 1 contract

Sources: Placement Agency Agreement (ChromaDex Corp.)

PFIC Status. The Company is not, for the taxable year ended December 31, 20082011, and upon consummation of the transactions described hereby and the application of the proceeds as described in the Registration Statement, the Disclosure Package and the Prospectus is not expected to become, a Passive Foreign Investment Company within the meaning of Section 1297 of the Internal Revenue Code, as amended.

Appears in 1 contract

Sources: Placement Agency Agreement (Lucas Energy, Inc.)

PFIC Status. The Company is not, for the taxable year ended December 31, 20082009, and upon consummation of the transactions described hereby and the application of the proceeds as described in the Registration Statement, the General Disclosure Package and the Prospectus is not expected to become, a Passive Foreign Investment Company within the meaning of Section 1297 of the Internal Revenue Code, as amended.

Appears in 1 contract

Sources: Underwriting Agreement (Dynavax Technologies Corp)