Common use of PFIC Clause in Contracts

PFIC. The Company is not a "passive foreign investment company" within the meaning of Section 1297 of the Code.

Appears in 4 contracts

Samples: Share Purchase Agreement (El Sitio Inc), Share Purchase Agreement (El Sitio Inc), Share Purchase Agreement (El Sitio Inc)

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PFIC. The Company is not, and does not intend to become a "“passive foreign investment company" ” within the meaning of Section 1297 of the Code.

Appears in 1 contract

Samples: Securities Purchase Agreement (Yongye International, Inc.)

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PFIC. The Company is not a "“passive foreign investment company" ” within the meaning of Section 1297 of the Code.

Appears in 1 contract

Samples: Agreement and Plan of Merger (KIT Digital, Inc.)

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