Intentions of the Parties. 7.1 The intentions of the parties in reaching the Agreement are to:-
Intentions of the Parties. It is the intention of the parties to this Agreement that the business combination contemplated hereby be treated as a “reorganization” under Section 368 of the Internal Revenue Code of 1986, as amended (the “Code”), and this Agreement is intended to be adopted as a “plan of reorganization” for purposes of Sections 354 and 361 of the Code.
Intentions of the Parties. It is the intention of the parties to this Agreement that the business combination contemplated hereby be accounted for under the purchase accounting method and be treated as a “reorganization” under Section 368(a) of the Internal Revenue Code of 1986, as amended (the “Code”).
Intentions of the Parties. Nothing herein contained shall be construed to constitute either party hereto (under state law or for tax purposes) in partnership with the other party.
Intentions of the Parties. It is the intention of the parties to this Agreement that the Merger be treated as a “reorganization” under Section 368(a) of the Internal Revenue Code of 1986, as amended (the “Code”).
Intentions of the Parties. The parties hereto intend, in good faith, that this Agreement and the transactions contemplated hereby be conducted in such a manner so as to comply with all applicable laws, rules and regulations governing the services contemplated hereby.
Intentions of the Parties. Both parties agree to develop as widely as possible the INRA CNRS LMS TECHNOLOGY and, for this purpose, to grant each other the necessary licenses and to share the fields of exploitation based on their knowledge of these fields. This development shall be made through a direct exploitation by LMS or through licensees and/or sublicenses in the conditions defined hereafter. In all cases, a fair return on investment must be provided to both parties in accordance with the terms herein defined. LMS shall dedicate its best effort to develop and exploit as widely as possible the CONTRACTUAL PRODUCTS. INRA TRANSFERT shall introduce a similar clause in the licenses and sub-licenses granted to third parties. TITLE I LICENSE OF THE INRA CNRS PATENT
Intentions of the Parties. It is the intention of the parties that this Agreement be a full and final accord and satisfaction and mutual, general release of any Claims that any of the CTI Releasors or the Unilens Releasors have against any of the Unilens Releasees or the CTI Releasees, respectively. In order to implement a full release of all Claims, each party acknowledges that this Agreement is intended to include in its effect any Claim which it does not know or suspect to exist in its favor that are based on conduct that occurred prior to the Effective Date, that this Agreement contemplates the extinguishing of any such Claim and that the provisions of Sections 5 and 6 shall remain in effect as full releases notwithstanding any discovery of any additional or different facts.
Intentions of the Parties. It is the intention of the parties to this Agreement that the business combinations contemplated hereby be treated as a “reorganization” under Section 368(a) of the IRC.
Intentions of the Parties. It is the intention of the parties to this Agreement that the combination of Marion and Mutual First be accounted for under the "purchase" accounting method and that each of the business combinations contemplated hereby be treated as a "reorganization" under Section 368 of the Internal Revenue Code of 1986, as amended (the "Code").
