Common use of No Exchanges Clause in Contracts

No Exchanges. During the last two years, none of the Acquired Companies has engaged in any exchange under which gain realized on the exchange was not recognized under Code Section 1031 (or any similar provision of applicable state, local or foreign Law).

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (Primoris Services CORP), Membership Interest Purchase Agreement (Ambassadors International Inc)

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No Exchanges. During the last two years, none of the Acquired Companies has have not engaged in any exchange under which gain realized on the exchange was not recognized under Code Section 1031 (or any similar provision of applicable state, local or foreign Law).

Appears in 1 contract

Samples: Merger Agreement (Primoris Services CORP)

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No Exchanges. During the last two years, none of the Acquired Companies Company has not engaged in any exchange under which gain realized on the exchange was not recognized under Code Section 1031 (or any similar provision of applicable state, local or foreign Law).

Appears in 1 contract

Samples: Stock Purchase Agreement (Primoris Services Corp)

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