Common use of Section 355 Clause in Contracts

Section 355. The Company has not distributed the stock of a “controlled corporation” (within the meaning of that term as used in Section 355(a) of the Code) in a transaction subject to Section 355 of the Code within the past two years.

Appears in 7 contracts

Sources: Merger Agreement (RDE, Inc.), Merger Agreement (RDE, Inc.), Merger Agreement (Incumaker, Inc.)

Section 355. The Neither the Company nor any Company Subsidiary has not distributed the stock of a “"controlled corporation” " (within the meaning of that term as used in Section 355(a) of the Code) in a transaction subject to Section 355 of the Code within the past two years.

Appears in 2 contracts

Sources: Share Exchange Agreement (Somanta Pharmaceuticals Inc.), Merger Agreement (Infodata Systems Inc)

Section 355. The Company has not distributed the stock of a “controlled corporation” (within the meaning of that term as used in Section 355(a) of the Code) in a transaction subject to Section 355 of the Code within the past two (2) years.

Appears in 2 contracts

Sources: Merger Agreement (Lavin Philip T), Merger Agreement (It&e International Group)

Section 355. The Company MMT has not distributed the stock of a “controlled corporation” (within the meaning of that term as used in Section 355(a) of the Code) in a transaction subject to Section 355 of the Code within the past two years.

Appears in 2 contracts

Sources: Share Exchange Agreement (Medicine Man Technologies, Inc.), Share Exchange Agreement (Medicine Man Technologies, Inc.)

Section 355. The Neither the Company nor any of its Subsidiaries has not distributed the stock of a “"controlled corporation” " (within the meaning of that term as used in Section 355(a) of the Code) in a transaction subject to Section 355 of the Code within the past two years.

Appears in 1 contract

Sources: Merger Agreement (Fittipaldi Logistics, Inc.)

Section 355. The Company has not distributed the stock of a “"controlled corporation” " (within the meaning of that term as used in Section 355(a) of the Code) in a transaction subject to Section 355 of the Code within the past two years.

Appears in 1 contract

Sources: Merger Agreement (Lifesciences Opportunities Inc)

Section 355. The Neither the Company nor any Company Subsidiary has not distributed the stock of a “controlled corporation” (within the meaning of that term as used in Section 355(a) of the Code) in a transaction subject to Section 355 of the Code within the past two years.

Appears in 1 contract

Sources: Merger Agreement (National Superstars Inc)