Common use of Trading Assets Clause in Contracts

Trading Assets. In the event that any asset shown in the Principal Accounts as a fixed asset is disposed of immediately following Completion the proceeds derived from such asset will not be treated as a trading receipt for tax purposes.

Appears in 2 contracts

Samples: Agreement (Townpagesnet Com PLC), Agreement (Leisure Travel Group Inc)

AutoNDA by SimpleDocs

Trading Assets. In the event that any asset shown in the Principal Accounts as a fixed asset is disposed of immediately following Completion the proceeds derived from such asset will not be treated as a trading receipt for tax purposes.

Appears in 2 contracts

Samples: Agreement (Big Flower Holdings Inc/), Agreement (European Micro Holdings Inc)

Trading Assets. In the event that any asset shown in the Principal Accounts as a fixed asset is disposed of immediately following Completion completion the proceeds derived from such asset will not be treated as a trading receipt for tax Tax purposes.

Appears in 1 contract

Samples: Herley Industries Inc /New

Trading Assets. I.11. In the event that any asset shown in the Principal Accounts as a fixed asset is disposed of immediately following Completion the Offers the proceeds derived from such asset will not be treated as a trading receipt for tax purposes.

Appears in 1 contract

Samples: Insignia Esg Holdings Inc

AutoNDA by SimpleDocs

Trading Assets. In the event that any asset shown in the Principal Accounts as a fixed asset is disposed of immediately following Completion the proceeds derived from such asset will not be treated as a trading receipt for tax Tax purposes.

Appears in 1 contract

Samples: Agreement (Cross Country Healthcare Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.