Common use of Contributions of Other Parties Clause in Contracts

Contributions of Other Parties. At or contemporaneously with the Closing, as part of the same overall plan of contribution, the Company shall also be closing upon the Related Contribution Agreements, such that immediately after the Closing, the Company will own stock of Pathnet constituting control within the meaning of IRC Section 368(c).

Appears in 5 contracts

Samples: Contribution Agreement (Pathnet Inc), Contribution Agreement (Pathnet Inc), Contribution Agreement (Pathnet Inc)

AutoNDA by SimpleDocs

Contributions of Other Parties. At or contemporaneously with the Initial Closing, as part of the same overall plan of contribution, the Company shall also be closing upon the Related Contribution Agreements, such that immediately after the Closing, the Company will own stock of Pathnet constituting control within the meaning of IRC Section 368(c).

Appears in 1 contract

Samples: Contribution Agreement (Pathnet Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!