Common use of NO PREARRANGED PLAN Clause in Contracts

NO PREARRANGED PLAN. There is no plan or intention by Poster to cause LVRS, TS or PTS to (i) issue additional shares of their stock after the Reorganization that would result in Travelscape losing control of LVRS, TS or PTS within the meaning of Section 368(c)(1) of the Code; (ii) redeem any of their outstanding stock after the Reorganization; or (iii) liquidate, merge with any other corporation, or sell or otherwise dispose of their assets after the Reorganization, except in the ordinary course of business.

NO PREARRANGED PLAN. There is no plan or intention by Poster Breitling to cause LVRS, TS or PTS to (i) issue additional shares of their stock after the Reorganization that would result in Travelscape losing control of LVRS, TS or PTS within the meaning of Section 368(c)(1) of the Code; (ii) redeem any of their outstanding stock after the Reorganization; or (iii) liquidate, merge with any other corporation, or sell or otherwise dispose of their assets after the Reorganization, except in the ordinary course of business.

NO PREARRANGED PLAN. There is no plan or intention by Poster Marquis to cause LVRS, TS or PTS to (i) issue additional shares of their stock after the Reorganization that would result in Travelscape losing control of LVRS, TS or PTS within the meaning of Section 368(c)(1) of the Code; (ii) redeem any of their outstanding stock after the Reorganization; or (iii) liquidate, merge with any other corporation, or sell or otherwise dispose of their assets after the Reorganization, except in the ordinary course of business.

NO PREARRANGED PLAN. There is no plan or intention by Poster Xxxxxxxx to cause LVRS, TS or PTS to (i) issue additional shares of their stock after the Reorganization that would result in Travelscape losing control of LVRS, TS or PTS within the meaning of Section 368(c)(1) of the Code; (ii) redeem any of their outstanding stock after the Reorganization; or (iii) liquidate, merge with any other corporation, or sell or otherwise dispose of their assets after the Reorganization, except in the ordinary course of business.