Common use of Tax Qualification Clause in Contracts

Tax Qualification. Each Company Benefit Plan that is intended to be qualified under Section 401(a) of the Code has received a favorable determination letter from the IRS as to its qualification under the Code and to the effect that each such trust is exempt from taxation under section 501(a) of the Code, and, to the Knowledge of the Company, nothing has occurred since the date of such determination letter that will adversely affect such qualification or tax-exempt status.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (VWR Funding, Inc.), Agreement and Plan of Merger (Equinox Holdings Inc)

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Tax Qualification. Each Company Benefit Plan that is intended to be qualified under Section 401(a) of the Code has received a favorable determination letter from the IRS as to its qualification under the Code and to the effect that each such trust is exempt from taxation under section 501(a) of the Code, and, to the Knowledge of the Company, nothing has occurred since the date of such determination letter that will would reasonably be expected to adversely affect such qualification or tax-exempt status.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Transcultural Health Develpment, Inc.)

Tax Qualification. Each Company Benefit Plan that is intended to be qualified under Section 401(a) of the Code has received a favorable determination letter from the IRS as to its qualification under the Code and to the effect that each such related trust is exempt from taxation under section Section 501(a) of the Code, and, to the Knowledge of the Company, nothing has occurred since the date of such determination letter that will could reasonably be expected to adversely affect such qualification or tax-exempt statusstatus that cannot be corrected without material liability.

Appears in 1 contract

Samples: Support Agreement (Impsat Fiber Networks Inc)

Tax Qualification. Each Company Employee Benefit Plan that is intended to be qualified under Section 401(a) of the Code has received and each corresponding trust intended to be tax-exempt under Section 501(a) of the Code is the subject of a favorable determination letter from issued by the IRS as to its qualification under the Code and to the effect that each such trust is exempt from taxation under section 501(a) of the Code, and, to the Knowledge of the CompanySeller’s Knowledge, nothing has occurred since the date of such determination letter that will could reasonably be expected to adversely affect such qualification or tax-exempt statusdetermination.

Appears in 1 contract

Samples: Stock Purchase Agreement (GMS Inc.)

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Tax Qualification. Each Company Benefit Plan that is intended to be qualified under Section section 401(a) of the Code so qualifies and has received a favorable determination letter from the IRS as to its qualification under the Code and to the effect that each such trust is exempt from taxation under section 501(a) of the Code, and, to the Knowledge knowledge of the CompanySeller, nothing has occurred since the date of such determination letter that will adversely affect such qualification or tax-exempt status.

Appears in 1 contract

Samples: Stock Purchase Agreement (International Wire Group Inc)

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