Examples of Plan of Organization in a sentence
The execution of this Agreement and the Other Agreements and the performance of the obligations hereunder and thereunder and the consummation of the transactions contemplated by the TCI Plan of Organization will not result in any material violation or breach or constitute a default under, any of the terms or provisions of the TCI Documents or the TCI Charter Documents.
Except as set forth on Schedule 5.5, none of the shares of Company Stock was issued pursuant to awards, grants or bonuses in contemplation of the Merger or the TCI Plan of Organization.
IES is a corporation duly incorporated and organized, validly existing and in good standing under the laws of the State of Delaware, and has the requisite power and authority to carry on its business as it is now being conducted and as contemplated by the IES Plan of Organization.
The Stockholders shall have received an opinion of Andrxxx & Xurtx X.X.P. or other tax advisor reasonably acceptable to the Stockholders that the IES Plan of Organization will qualify as a tax-free transfer of property under Section 351 of the Code and that the Stockholders will not recognize gain to the extent the Stockholders exchange stock of the Company for IES Stock (but not cash or other property) pursuant to the IES Plan of Organization.
The provisions of this Section 7.8 shall be contained in the Other Agreements executed in connection with the VPI Plan of Organization.
Except as set forth on Schedule 5.5, none of the shares of COMPANY Stock was issued pursuant to awards, grants or bonuses in contemplation of the Merger or the CSI Plan of Organization.
The Stockholders shall have received an opinion of Arthur Andersen LLP or other tax advisor reasonably acceptable to the Xxxxxhxxxxxx xhat the TCI Plan of Organization will qualify as a tax-free transfer of property under Section 351 of the Code and that the Stockholders will not recognize gain to the extent the Stockholders exchange stock of the Company for TCI Stock (but not cash or other property) pursuant to the TCI Plan of Organization.
Except as set forth on Schedule 5.5, none of the shares of Company Stock was issued pursuant to awards, grants or bonuses in contemplation of the Merger or the Pentacon Plan of Organization.
TCI agrees to use its reasonable efforts to consummate the TCI Plan of Organization and IPO as contemplated hereby.
Except as set forth on Schedule 5.24, the Company is not now a party to any material contract based on minority ownership which would be canceled or otherwise materially adversely impacted by completion of the Pentacon Plan of Organization.