Common use of PFIC Clause in Contracts

PFIC. None of the Group Companies is or intends to become a “passive foreign investment company” within the meaning of Section 1297 of the Code (“PFIC”).

Appears in 6 contracts

Sources: Note and Warrant Purchase Agreement (Network Cn Inc), Notes Purchase Agreement (China Security & Surveillance Technology, Inc.), Notes Purchase Agreement (China Security & Surveillance Technology, Inc.)

PFIC. None of the Group Companies is or intends to become a “passive foreign investment company” (a “PFIC”) within the meaning of Section 1297 of the Code (“PFIC”)U.S. Internal Revenue Code.

Appears in 5 contracts

Sources: Securities Purchase Agreement (Xinyuan Real Estate Co., Ltd.), Securities Purchase Agreement (Fushi International Inc), Securities Purchase Agreement (Fushi International Inc)

PFIC. None of the Group Companies Company or any of its Subsidiaries is or intends to become a “passive foreign investment company” within the meaning of Section 1297 of the Code (“PFIC”)Code.

Appears in 2 contracts

Sources: Securities Purchase Agreement (China Broadband Inc), Stock Purchase Agreement (Soko Fitness & Spa Group, Inc.)

PFIC. None of the Group Companies is or intends to become a “passive foreign investment company” (a “PFIC”) within the meaning of Section 1297 of the Code (“PFIC”)Internal Revenue Code.

Appears in 2 contracts

Sources: Securities Purchase Agreement (China Natural Gas, Inc.), Securities Purchase Agreement (China Natural Gas, Inc.)

PFIC. None of the Group Companies is or intends to become a “passive foreign investment company” within the meaning of Section 1297 1297(a) of the Code (“PFIC”).

Appears in 1 contract

Sources: Note Purchase Agreement (Yingli Green Energy Holding Co LTD)

PFIC. None of the Group Companies is or intends to become a "passive foreign investment company" within the meaning of Section 1297 of the Code ("PFIC").

Appears in 1 contract

Sources: Notes Purchase Agreement (China Security & Surveillance Technology, Inc.)