Common use of Section 338 Election Clause in Contracts

Section 338 Election. Purchaser shall not make, nor permit its Affiliates to make, any election under Section 338 of the Code (or any analogous provision of state, local or non-U.S. Law) with respect to the sale of any Group Company.

Appears in 2 contracts

Samples: Equity Purchase Agreement (Valvoline Inc), Equity Purchase Agreement (Valvoline Inc)

AutoNDA by SimpleDocs

Section 338 Election. Purchaser shall not make, nor permit its Affiliates to make, any make an election under Section 338 of the Code (or any analogous comparable provision of state, local or non-U.S. Lawforeign law) with respect to the sale purchase of any Group Companystock in the Company as provided herein.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Sinclair Broadcast Group Inc), Stock Purchase Agreement (Sinclair Broadcast Group Inc)

Section 338 Election. Purchaser shall not make, nor shall it cause or permit its Affiliates the Company or any Subsidiary of the Company to make, any election under Section 338 of the Code (or any analogous provision without the prior written permission of state, local or non-U.S. Law) with respect to the sale of any Group CompanySeller.

Appears in 1 contract

Samples: Stock Purchase Agreement (E Trade Financial Corp)

Section 338 Election. Purchaser shall not make, nor and Purchaser shall not permit its the Company and Purchaser’s other Affiliates to make, any election under Section 338 of the Code (or any analogous provision of state, local or non-U.S. LawLaws) with respect to the sale of any Group Company.

Appears in 1 contract

Samples: Equity Purchase Agreement (Cincinnati Bell Inc)

AutoNDA by SimpleDocs

Section 338 Election. Purchaser Buyer shall not, and shall not makepermit any Acquired Company to, nor permit its Affiliates to make, any make an election under Section 338 of the Code (or any analogous provision of state, corresponding election under state or local or non-U.S. LawLaws) with respect to the purchase and sale of any Group Companythe Shares, Warrants and Stock Options hereunder.

Appears in 1 contract

Samples: Stock Purchase Agreement (Reliant Building Products Inc)

Section 338 Election. Purchaser shall not make, nor or cause or permit its Affiliates any Affiliate to make, any an election under Section 338 of the Code (or any analogous similar provision of state, local or non-U.S. foreign Law) with respect to the sale of any Group Companytransactions contemplated by this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Sun Life Financial Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.