Common use of Anti-avoidance Clause in Contracts

Anti-avoidance. The Company has not entered into or been a party to any scheme or arrangement which has no commercial purpose or of which the main purpose, or one of the main purposes, was the avoidance of or the reduction in or the deferral of a liability to Tax.

Appears in 1 contract

Samples: Vasco Data Security International Inc

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Anti-avoidance. The Company has Companies have not entered into or been a party to any scheme schemes or arrangement which has no commercial arrangements designed partly or wholly for the purpose or of which the main purpose, or one of the main purposes, was the avoidance of or the reduction in or the deferral of a liability to Taxavoiding Taxation.

Appears in 1 contract

Samples: Share Purchase Agreement (Ampco Pittsburgh Corp)

Anti-avoidance. The Company has not entered into or been a party to or otherwise involved in any transaction, scheme or arrangement which has no commercial arrangement, the sole or main purpose or of which the main purposewhich, or one of the main purposespurposes of which, was the avoidance of to avoid or the reduction in or the deferral of defer a liability to TaxTaxation.

Appears in 1 contract

Samples: Agreement (Seachange International Inc)

Anti-avoidance. (a) The Company has not entered into or been a party to any scheme schemes or arrangement which has no commercial arrangements designed partly or wholly for the purpose of avoiding or of which the main purpose, or one of the main purposes, was the avoidance of or the reduction in or the deferral of a liability to Taxdeferring Taxation.

Appears in 1 contract

Samples: Skynet Holdings Inc

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Anti-avoidance. 8.1 The Company has not entered into or been a party to any scheme or arrangement which has no commercial purpose designed wholly or mainly for the purposes of which the main purpose, avoiding or one of the main purposes, was the avoidance of or the reduction in or the deferral of a liability to deferring Tax.

Appears in 1 contract

Samples: Agreement (Staffing 360 Solutions, Inc.)

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