Common use of Stock Distributions Clause in Contracts

Stock Distributions. Neither the Company nor any of its Subsidiaries has distributed stock of another Person, or has had its stock distributed by another Person, in a transaction that was purported or intended to be governed in whole or in part by Code §355 or Code §361.

Appears in 1 contract

Sources: Investment Agreement (Emcore Corp)

Stock Distributions. Neither the Company nor any of its Subsidiaries ------------------- has distributed stock of another Person, or has had its stock distributed by another Person, in a transaction that was purported or intended to be governed in whole or in part by Code §355 or Code §361.

Appears in 1 contract

Sources: Investment Agreement (Worldwater & Power Corp)