Common use of Subchapter S Status Clause in Contracts

Subchapter S Status. Sellers shall cause each of Ecolochem and International to maintain its respective status as an "S corporation" for U.S. Tax purposes through the Closing Date. Sellers shall cause each of S.A.R.L. and Moson Holdings to maintain its status as a societe a responsibilite limitee and limited liability company, respectively, so that each will be treated as a partnership for U.S. Tax purposes through the Closing Date.

Subchapter S Status. Sellers shall cause each of Ecolochem and International to maintain its respective status as an "“S corporation" ” for U.S. Tax purposes through the Closing Date. Sellers shall cause each of S.A.R.L. and Moson Holdings to maintain its status as a societe a responsibilite limitee societé à responsibilité limiteé and limited liability company, respectively, so that each will be treated as a partnership for U.S. Tax purposes through the Closing Date.