Common use of S Corporation Status Clause in Contracts

S Corporation Status. (a) Prior to the Closing Date, Holdings has qualified and elected to be treated as an “S Corporation” under Subchapter S of the Code, and on the Closing Date each Domestic Subsidiary of Holdings (other than any such Subsidiary that is an “Ineligible Corporation” under Section 1361(b)(2) of the Code) has qualified and elected to be treated as a “qualified subchapter S subsidiary”, in each case for U.S. federal income tax purposes and in accordance with all applicable Requirements of Law.

S Corporation Status. (a) Prior to the Closing Date, Holdings has qualified and elected to be treated as an “"S Corporation” " under Subchapter S of the Code, and on the Closing Date each Domestic Subsidiary of Holdings (other than any such Subsidiary that is an “"Ineligible Corporation” " under Section 1361(b)(2) of the Code) has qualified and elected to be treated as a “"qualified subchapter S subsidiary”", in each case for U.S. federal income tax purposes and in accordance with all applicable Requirements of Law.

S Corporation Status. (a) Prior to the Closing Date, (a) Holdings has qualified and elected to be treated as an “"S Corporation” " under Subchapter S of the Code, and on as of the Closing Date has filed all forms and taken all other actions necessary to qualify and elect that each Domestic Subsidiary of Holdings (other than any such Subsidiary that is an “"Ineligible Corporation” " under Section 1361(b)(2) of the Code) has qualified and elected to be treated as a “"qualified subchapter S subsidiary”", in each case for U.S. federal income tax purposes and in accordance with all applicable Requirements of Law.

S Corporation Status. (a) Prior to the Closing Date, Holdings has qualified and elected to be treated as an “S Corporation” under Subchapter S of the Code, and on the Closing Date each Domestic Subsidiary of Holdings (other than (i) any such Subsidiary that is an “Ineligible Corporation” under Section 1361(b)(2) of the CodeCode and (ii) Bemrose Booth USA Inc.) has qualified and elected to be treated as a “qualified subchapter S subsidiary”, in each case for U.S. federal income tax purposes and in accordance with all applicable Requirements of Law.