Common use of PFIC Clause in Contracts

PFIC. The Company is not or and does not intend to become a “passive foreign investment company” within the meaning of Section 1297 of the U.S. Internal Revenue Code of 1986, as amended.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Tengion Inc), Securities Purchase Agreement (Tengion Inc)

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PFIC. The Company is not or and does not intend to become a “passive foreign investment company” within the meaning of Section 1297 of the U.S. Internal Revenue Code of 1986, as amended.

Appears in 2 contracts

Samples: Share Purchase Agreement (Juno Therapeutics, Inc.), Share Purchase Agreement and Omnibus Amendment (Juno Therapeutics, Inc.)

PFIC. The Company is not or and does not intend to become a “passive foreign investment company” (a “PFIC”) within the meaning of Section 1297 of the U.S. Internal Revenue Code of 1986, as amended, and expects to continue its operations in such a manner that it will not become a PFIC in the future.

Appears in 1 contract

Samples: Sales Agency Financing Agreement (Diana Shipping Inc.)

PFIC. The Company is not or not, and does not intend expect to become become, a “passive foreign investment company” within the meaning of Section 1297 of the U.S. Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Intercontinental Exchange, Inc.

PFIC. The Company is will not or and does not intend to become a “passive foreign investment company” within the meaning of Section 1297 of the U.S. US Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Intercontinental Exchange, Inc.

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PFIC. The Company is not or and nor does not it intend to become a “passive foreign investment company” within the meaning of Section 1297 of the U.S. Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Securities Purchase Agreement (Gemphire Therapeutics Inc.)

PFIC. The Company is not or and does not intend to become not, and, since formation, has never been, a “passive foreign investment company” within the meaning of Section section 1297 of the U.S. Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Registration Rights Agreement (PineBridge GEM II G.P., L.P.)

PFIC. The Company is not or and does not intend to become a "passive foreign investment company" within the meaning of Section 1297 of the U.S. Internal Revenue Code of 1986, as amended.

Appears in 1 contract

Samples: Note Purchase Agreement (BioCorRx Inc.)

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