Common use of Section 351 of the Code Clause in Contracts

Section 351 of the Code. Each party hereto agrees that this Agreement and the transactions contemplated thereby shall be taxed in accordance with Section 351 of the Code and that such party will file applicable Tax Returns to reflect such treatment.

Appears in 2 contracts

Sources: Subscription Agreement (Echelon International Corp), Merger Agreement (Echelon International Corp)

Section 351 of the Code. Each party hereto agrees that this ----------------------- Agreement and the transactions contemplated thereby shall be taxed in accordance with Section 351 of the Code and that such party will file applicable Tax Returns to reflect such treatment.

Appears in 1 contract

Sources: Subscription Agreement (Ein Acquisition Corp)