PFIC. No Group Company shall, and the Controlling Shareholder shall cause each Group Company not to, become a “passive foreign investment company” within the meaning of Section 1297 of the U.S. Internal Revenue Code of 1986.
Appears in 3 contracts
Samples: Investor Rights Agreement (Citadel L P), Investor Rights Agreement (Fushi International Inc), Investor Rights Agreement (Fushi Copperweld, Inc.)
PFIC. No Group Company shall, and the Controlling Shareholder shall cause each Group Company not to, become a “passive foreign investment company” within the meaning of Section 1297 of the U.S. Internal Revenue Code of 1986.
Appears in 3 contracts
Samples: Investor Rights Agreement (China Security & Surveillance Technology, Inc.), Investor Rights Agreement (China Security & Surveillance Technology, Inc.), Investor Rights Agreement (Origin Agritech LTD)
PFIC. No Each Group Company shallshall not become, and the Controlling Shareholder shall cause each Group Company its Subsidiaries not toto become, become a “passive foreign investment company” within the meaning of Section 1297 of the U.S. Internal Revenue Code of 1986.
Appears in 2 contracts
Samples: Notes Purchase Agreement (China Security & Surveillance Technology, Inc.), Investor Rights Agreement (China Security & Surveillance Technology, Inc.)
PFIC. No Group Company shall, and each of the Controlling Shareholder Shareholders shall cause each Group Company not to, become a “passive foreign investment company” within the meaning of Section 1297 of the U.S. Internal Revenue Code of 1986.
Appears in 1 contract
