Common use of Distributed Stock Clause in Contracts

Distributed Stock. Neither the Company nor any of its Subsidiaries has constituted either a “distributing corporation” or a “controlled corporation” in a distribution of stock intended to qualify for tax-free treatment under Section 355 of the Code.

Appears in 2 contracts

Samples: Merger Agreement (Medallia, Inc.), Merger Agreement (Acxiom Corp)

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Distributed Stock. Neither the The Company nor any of its Subsidiaries has not constituted either a “distributing corporation” or a “controlled corporation” in a distribution of stock intended to qualify for tax-free treatment under Section 355 of the Code.

Appears in 1 contract

Samples: Intercreditor Agreement (Osprey Technology Acquisition Corp.)

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Distributed Stock. Neither Within the past three (3) years, neither the Company nor any of its Subsidiaries has constituted either a “distributing corporation” or a “controlled corporation” in a distribution of stock intended to qualify for tax-free treatment under Section 355 of the Code.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Square, Inc.)

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