PFIC. The Warrantors shall procure that each Group Company will use commercially reasonable efforts to avoid classification as a PFIC within the meaning of Section 1297 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”) for any year.
Appears in 6 contracts
Samples: Series F Preferred Share Purchase Agreement (Qiniu Ltd.), Series F Preferred Share Purchase Agreement (Qiniu Ltd.), Preferred Share Purchase Agreement (Qiniu Ltd.)