Common use of CONTROLLED FOREIGN COMPANIES Clause in Contracts

CONTROLLED FOREIGN COMPANIES. The Company does not have and never has had an interest in a controlled foreign company within the meaning of section 747 of the TA such that all or any of the chargeable profits of the controlled foreign company have been or will or may be apportioned to the Company.

Appears in 2 contracts

Samples: Share Purchase Agreement (Herley Industries Inc /New), Share Purchase Agreement (Big Flower Press Holdings Inc)

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CONTROLLED FOREIGN COMPANIES. The Company does not have and never has had an interest in a controlled foreign company within the meaning of section 747 of the TA T.A. such that all or any of the chargeable profits of the controlled foreign company have been or will or may be apportioned to the Company.

Appears in 1 contract

Samples: Acquisition Agreement (European Micro Holdings Inc)

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CONTROLLED FOREIGN COMPANIES. The Company does not have and never has had an interest in a controlled foreign company within the meaning of section 747 of the TA ICTA such that all or any of the chargeable profits of the controlled foreign company have been or will with or may be apportioned to the Company.

Appears in 1 contract

Samples: Acquisition Agreement (Leisure Travel Group Inc)

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