Common use of Section 338 Election Clause in Contracts

Section 338 Election. The Purchaser may make an election under Section 338 of the Internal Revenue Code with respect to acquired Subsidiaries (and the Company shall cooperate with the Purchaser in making such election and shall take such actions as reasonably requested by the Purchaser to make such election).

Section 338 Election. The In the event that Purchaser may make makes an election under Section 338 of the Internal Revenue Code (or any comparable provision of state, local or foreign law) with respect to acquired Subsidiaries (and the purchase of the stock in the Company as provided herein, Purchaser shall cooperate with the Purchaser in making such election be responsible for and shall take such actions as reasonably requested by the Purchaser to make pay all Taxes resulting from such election).

Section 338 Election. The parties hereby acknowledge and agree that Purchaser may shall be entitled, at Purchaser's sole discretion, to make an election under Section 338 of the Internal Revenue Code of 1986, as amended (the "CODE"), in connection with respect to acquired Subsidiaries (and the purchase of the Company shall cooperate with the Purchaser in making such election and shall take such actions as reasonably requested contemplated by the Purchaser to make this Agreement. Immediately following any such election), Purchaser shall pay to Seller any additional Taxes imposed upon Seller as a result of such election.