Internal Transactions definition
Examples of Internal Transactions in a sentence
The LogMeIn Parties shall (and shall cause their respective Affiliates to) reasonably cooperate with Citrix and take any and all commercially reasonable actions requested by Citrix to minimize any Taxes otherwise payable by the Citrix Group in connection with the Internal Transactions.
Each of Citrix, RMT Parent and SpinCo represents and warrants that it knows of no fact (after due inquiry) that may cause the Tax treatment of any of the Internal Transactions, the Contribution, the Distribution or the Merger to be other than the Tax-Free Status.
This Agreement may be terminated and the Recapitalization, the Internal Transactions, the Separation and the Distribution abandoned at any time before the Distribution Time by and in the sole discretion of the NTELOS Board of Directors without the approval of Wireline or any other Person.
The satisfaction of the conditions will not create any obligation on the part of NTELOS to Wireline or any other Person to effect the Recapitalization, the Internal Transactions, the Separation, the Contribution or the Distribution or in any way limit NTELOS’ right to terminate as set forth in Section 8.07 or alter the consequences of any termination from those specified in Section 8.07.
Each Party represents that it knows of no fact, and has no plan or intention to take any action, that it knows or reasonably should expect, after consultation with a Tax Advisor, (i) is inconsistent with the qualification of any step of the Internal Transactions, the Contribution or the Distribution for its Intended Tax Treatment or (ii) would adversely affect the effectiveness or validity any Ruling that has been requested or received from the IRS.