QSub Election. Each of Parent, American Plastics Company, Inc. and New England Extrusion Inc. as of the Closing Date will be, and at all times since May 1, 2003, has been, a “qualified subchapter S subsidiary” within the meaning of Code Section 1361(b)(3)(B) (excluding any termination of such status as a result of the consummation of the transaction contemplated by this Agreement).
Appears in 2 contracts
Sources: Stock Purchase Agreement (Paperweight Development Corp), Stock Purchase Agreement (Paperweight Development Corp)