Common use of Passive Foreign Investment Company Clause in Contracts

Passive Foreign Investment Company. The Company does not believe that it was a “passive foreign investment company” (“PFIC”) for U.S. federal income tax purposes for the taxable year ended December 31, 2023 and it does not expect to be treated as a PFIC for the current taxable year.

Appears in 2 contracts

Samples: Underwriting Agreement (Nyxoah SA), Sales Agreement (MDxHealth SA)

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Passive Foreign Investment Company. The Company does not believe that it was a “passive foreign investment company” (“PFIC”) for U.S. federal income tax purposes for the taxable year ended December 31, 2023 2020 and it does not expect to be treated as a PFIC for the current taxable year.

Appears in 2 contracts

Samples: Purchase Agreement (MDxHealth SA), Purchase Agreement (Nyxoah SA)

Passive Foreign Investment Company. The Based on reasonable assumptions, the Company does not believe that it was a “passive foreign investment company” (“PFIC”) for U.S. federal income tax purposes for the its taxable year ended ending December 31, 2023 and it does not expect to be treated as a PFIC for the current taxable year2022.

Appears in 2 contracts

Samples: Sales Agreement (Innate Pharma SA), Sales Agreement (Innate Pharma SA)

Passive Foreign Investment Company. The Company does not believe that it was a “passive foreign investment company” (“PFIC”) for U.S. federal income tax purposes for the taxable year ended December 3129, 2023 2019 and it does not expect to be treated as a PFIC for the current taxable yearyear or in the foreseeable future.

Appears in 1 contract

Samples: Underwriting Agreement (Maxeon Solar Technologies, Ltd.)

Passive Foreign Investment Company. The Company does not believe that it was a “passive foreign investment company” (“PFIC”) for U.S. federal income tax purposes for the taxable year ended December 31January 3, 2023 2021 and it does not expect to be treated as a PFIC for the current taxable yearyear or in the foreseeable future.

Appears in 1 contract

Samples: Underwriting Agreement (Maxeon Solar Technologies, Ltd.)

Passive Foreign Investment Company. The Based on the Company’s anticipated market capitalization and the composition of its income and assets, the Company does not believe that it was a “passive foreign investment company” (“PFIC”) for U.S. its 2022 taxable year or expect to be a PFIC for United States federal income tax purposes for the current taxable year ended December 31, 2023 and it does not expect to be treated as a PFIC for or in the current taxable yearforeseeable future.

Appears in 1 contract

Samples: Underwriting Agreement (Birkenstock Holding LTD)

Passive Foreign Investment Company. The Company does not believe that it was a “passive foreign investment company” (“PFIC”) for U.S. federal income tax purposes for the taxable year ended December 31January 1, 2023 and it does not expect to be treated as a PFIC for the current taxable yearyear or in the foreseeable future.

Appears in 1 contract

Samples: Underwriting Agreement (Maxeon Solar Technologies, Ltd.)

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Passive Foreign Investment Company. The Company does not believe that it was a “passive foreign investment company” (“PFIC”) for U.S. federal income tax purposes for the taxable year ended December 31, 2023 2021 and it does not expect to be treated as a PFIC for the current taxable year.

Appears in 1 contract

Samples: Sales Agreement (Nyxoah SA)

Passive Foreign Investment Company. The Company does not believe that it was a “passive foreign investment company” (“PFIC”) for U.S. federal income tax purposes for the taxable year ended December 31, 2023 2022 and it does not expect to be treated as a PFIC for the current taxable year.

Appears in 1 contract

Samples: Underwriting Agreement (MDxHealth SA)

Passive Foreign Investment Company. The Company does not believe that believes it was not a passive foreign investment company” company (“PFIC”) for U.S. federal income tax purposes as defined under Section 1297 of the Code for the taxable year ended December 31, 2023 2017, and it does not expect to be treated as a PFIC for in the current taxable yearyear ending December 31, 2018, or in the foreseeable future.

Appears in 1 contract

Samples: Underwriting Agreement (Materialise Nv)

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