Common use of Loss of S Corporation Status Clause in Contracts

Loss of S Corporation Status. The Borrower shall not fail to be qualified as an “S corporation” as defined in Section 1361 of the Code at all times on or after the Closing Date.

Appears in 3 contracts

Samples: Credit Agreement (Alion Science & Technology Corp), Credit Agreement (Alion Science & Technology Corp), Credit Agreement (Alion Science & Technology Corp)

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Loss of S Corporation Status. The Borrower shall not fail to be qualified as an "S corporation" as defined in Section 1361 of the Code at all times on or after the Closing Date.

Appears in 2 contracts

Samples: Credit Agreement (Alion Science & Technology Corp), Credit Agreement (Alion Science & Technology Corp)

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