Examples of Tax-Free Reorganization in a sentence
Federal Income Tax Consequences of the Recapitalization Share Exchange as a Tax-Free Reorganization The following is a general summary of the material anticipated U.S. federal income tax consequences of the Recapitalization Share Exchange.
WIN shall have received Tax-Free Reorganization Ruling, the Tax-Free Debt Exchange Ruling, the Tax-Free Reorganization Opinion and the Tax-Free Debt Exchange Opinion, each in form and substance reasonably satisfactory to WIN, Holdings and the WCAS Subs, and such Tax-Free Reorganization Ruling and Tax-Free Debt Exchange Ruling shall continue to be valid and in full force and effect.
Affiliates; Pooling; Tax-Free Reorganization...........................
Exchange Qualifies as a Tax-Free Reorganization Our counsel, Xxxxx Xxxxxxxx Xxxxxxxx & Xxxxx LLP has delivered an opinion that the statements set forth in this information statement/prospectus under the caption heading Federal Income Tax Considerations if the Recapitalization Share Exchange Qualifies as a Tax-Free Reorganization constitutes our opinion as to the material U.S. federal income tax consequences of the Recapitalization Share Exchange to U.S. Holders of Allarity A/S ordinary shares.
Requirements to Qualify as a Tax-Free Reorganization Under Code Section 368(a)(1)(C), a transaction that results in an exchange of stock of an acquiring corporation, or stock of a corporation controlling the acquiring corporation, for substantially all of the assets of another corporations may qualify as a tax-free reorganization.
Each of Armada and Mesa shall (i) report the Reorganization on all Tax Returns and filings as a Tax-Free Reorganization, and (ii) not take any position or action that is inconsistent with the characteristics of the Reorganization as a Tax-Free Reorganization in any audit, administrative proceeding, litigation or otherwise.
This Article X and the agreements of the Company, Parent and Merger Sub contained in Sections 7.10 (Stock Exchange De-listing), 7.12 (Employee Benefits Matters), 7.13 (Employees), 7.14 (Indemnification; Directors’ and Officers’ Insurance), 7.15 (Expenses), and 7.18 (Tax-Free Reorganization) and those other covenants and agreements contained herein that by their terms apply, or that are to be performed in whole or in part, after the Effective Time shall survive the consummation of the Merger.
GPE and IEC agree to treat the Merger as a Tax-Free Reorganization under Sections 368(a)(1)(A) and 368(a)(2)(D).
All Parties hereto shall report the Merger as a Tax-Free Reorganization, unless otherwise required pursuant to a “determination” within the meaning of Section 1313(a) of the Code.
Updating the Tax-Free Reorganization Rules: Attributes,Overlaps and More+ 160C-1Michael L.