Certain Post-Distribution Transactions. (a) (i) IMS shall comply and shall cause its Subsidiaries to comply with and otherwise not take action inconsistent with each representation and statement made to XxXxxxxxx, Will & Xxxxx in connection with the request by IMS for a legal opinion in respect of the Distribution as to certain tax aspects of the Distribution, and (ii) until two years after the Distribution Date, IMS will maintain its status as a company engaged in the active conduct of a trade or business, as defined in Section 355(b) of the Code.
Appears in 4 contracts
Samples: Distribution Agreement, Distribution Agreement (Dendrite International Inc), Distribution Agreement (Ims Health Inc)
Certain Post-Distribution Transactions. (a) (ia)(i) IMS shall comply and shall cause its Subsidiaries to comply with and otherwise not take action inconsistent with each representation and statement made to XxXxxxxxx, Will & Xxxxx in connection with the request by IMS for a legal opinion in respect of the Distribution as to certain tax aspects of the Distribution, and (ii) until two years after the Distribution Date, IMS will maintain its status as a company engaged in the active conduct of a trade or business, as defined in Section 355(b) of the Code.
Appears in 1 contract
