Common use of FIRPTA Activities Clause in Contracts

FIRPTA Activities. The Company agrees that it will not, without first obtaining the prior written consent of the Windward Agent, take any actions that would result in the Company becoming a United States real property holding company within the meaning of section 897(c)(2) of the Code (or any successor statutory or regulatory provision of similar effect).

Appears in 4 contracts

Samples: Stockholders Agreement (HCC Industries Inc /De/), Shareholder Agreement (Financial Pacific Co), Shareholder Agreement (Meridian Automotive Systems Inc)

AutoNDA by SimpleDocs

FIRPTA Activities. The Company agrees that it will not, without ----------------- first obtaining the prior written consent of the Windward Agent, take any actions that would result in the Company becoming a United States real property holding company within the meaning of section 897(c)(2) of the Code (or any successor statutory or regulatory provision of similar effect).

Appears in 1 contract

Samples: Stockholders Agreement (HCC Industries International)

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