Common use of MATERIAL ELECTIONS Clause in Contracts

MATERIAL ELECTIONS. Neither Sellers nor the Company shall make any material election with respect to Taxes of the Company or any Tax Affiliate following the date hereof without the prior written approval of Buyer (such approval not to be unreasonably withheld).

Appears in 3 contracts

Samples: Stock Purchase Agreement (T-3 Energy Services Inc), Stock Purchase Agreement (T-3 Energy Services Inc), Stock Purchase Agreement (T-3 Energy Services Inc)

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MATERIAL ELECTIONS. EX-213 Neither Sellers nor the Company shall make any material election with respect to Taxes of the Company or any Tax Affiliate following the date hereof without the prior written approval of Buyer (such approval not to be unreasonably withheld). Furthermore, Buyer shall not make an election which will cause an increase in Taxes to Sellers (or allocated to Sellers under this Agreement).

Appears in 1 contract

Samples: Stock Purchase Agreement (T-3 Energy Services Inc)

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MATERIAL ELECTIONS. Neither Sellers Seller nor the Company shall make any material election with respect to Taxes following the date hereof, of the Company or any Tax Affiliate following the date hereof without the prior written approval of Buyer (such approval not to be unreasonably withheld).

Appears in 1 contract

Samples: Stock Purchase Agreement (Industrial Holdings Inc)

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