Qualified Small Business. The Company is a “qualified small business” within the meaning of Section 1202(d) of the Internal Revenue Code of 1986, as amended (the “Code”), as of the date hereof. The Company meets the “active business requirement” of Section 1202(e) of the Code, and it has made no “significant redemptions” within the meaning of Section 1202(c)(3)(B) of the Code.
Appears in 2 contracts
Samples: Purchase Common Stock (Nimblegen Systems Inc), Purchase Common Stock (Nimblegen Systems Inc)
Qualified Small Business. The To its knowledge, the Company is qualifies as a “qualified small business” within the meaning of "Qualified Small Business" as defined in Section 1202(d) of the Internal Revenue Code of 1986, as amended (the “Code”), as of the date hereof. The Company meets the “active business requirement” of Section 1202(e) of the Code, and it has made no “significant redemptions” within the meaning of Section 1202(c)(3)(B) of the Codeamended.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Lightspan Partnership Inc), Stock Purchase Agreement (Lightspan Partnership Inc)
Qualified Small Business. The Company is qualifies as a “qualified small business” within the meaning of "Qualified ------------------------ Small Business" as defined in Section 1202(d) of the Internal Revenue Code of 1986, as amended (the “"Code”"), as of the date hereof. The Company meets the “active business requirement” of Section 1202(e) of the Code, and it has made no “significant redemptions” within the meaning of Section 1202(c)(3)(B) of the Code.
Appears in 2 contracts
Samples: Preferred Stock Purchase Agreement (Worldres Com Inc), Preferred Stock and Warrant Purchase Agreement (Worldres Com Inc)
Qualified Small Business. The Company is qualifies as a “qualified small business” within the meaning of ------------------------ "Qualified Small Business" as defined in Section 1202(d) of the The Internal Revenue Code of 1986, as amended (the “"Code”"), as of the date hereof. The Company meets the “active business requirement” of Section 1202(e) of the Code, and it has made no “significant redemptions” within the meaning of Section 1202(c)(3)(B) of the Code.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Geocities), Preferred Stock Purchase Agreement (Geocities)
Qualified Small Business. The Company is will use reasonable efforts to qualify as a “qualified small business” business within the meaning of Section 1202(d) of the Internal Revenue Code of 1986, as amended (the “Code”), as of and will use reasonable efforts to meet the date hereof. The Company meets the “active business requirement” requirements of Section 1202(e) of the Code, and it has made no “significant redemptions” within the meaning of Section 1202(c)(3)(B) of the Code.
Appears in 1 contract
Samples: Investors Rights Agreement (Precision Therapeutics Inc)
Qualified Small Business. The Company is qualifies as a “"qualified small business” within the meaning of " under Section 1202(d) of the Internal Revenue Code of 1986, as amended (the “Code”"CODE"), as of the date hereof. The Company meets the “active business requirement” of Section 1202(e) of the Code, and it has made no “significant redemptions” within the meaning of Section 1202(c)(3)(B) of the Code.
Appears in 1 contract
Qualified Small Business. The To its knowledge, the Company currently is a “qualified small business” within the meaning of "Qualified Small Business" as defined in Section 1202(d) of the Internal Revenue Code of 1986, as amended (the “Code”), as of the date hereof. The Company meets the “active business requirement” of Section 1202(e) of the Code, and it has made no “significant redemptions” within the meaning of Section 1202(c)(3)(B) of the Codeamended.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Sandbox Entertainment Corp)
Qualified Small Business. The Company is Buyer qualifies as a “qualified small business” within the meaning of "Qualified Small Business" as defined in Section 1202(d) of the Internal Revenue Code of 1986, as amended (the “"Code”"), as of the date hereof. The Company meets the “active business requirement” of Section 1202(e) of the Code, and it has made no “significant redemptions” within the meaning of Section 1202(c)(3)(B) of the Code.
Appears in 1 contract
