Common use of No Section 338 Election Clause in Contracts

No Section 338 Election. The Parties agree that no election will be made under Section 338 of the Code (or any comparable provision of foreign, state or local Law) in respect of the transactions contemplated under this Agreement.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Epiq Systems Inc), Stock Purchase Agreement (Commercial Vehicle Group, Inc.)

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No Section 338 Election. The Parties agree that no None of the parties hereto, nor any of their Affiliates, shall make any election will be made under Section 338 of the Code (or any comparable provision of foreign, state or local Law) in with respect of to the transactions contemplated under by this Agreement.

Appears in 1 contract

Samples: Share Purchase Agreement (Siebel Systems Inc)

No Section 338 Election. The Parties agree that no No election will shall be made under Section 338 of the Code (or any comparable similar provision of foreignunder state, state local, or local foreign Law) in with respect to the purchase of the transactions contemplated under Shares pursuant to this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Oil States International, Inc)

No Section 338 Election. The Parties agree that no No election will be made under Section 338 338(g) of the Code (Code, or any comparable similar provision of foreign, state or local Law) in , may be made with respect of to the transactions contemplated under by this Agreement.

Appears in 1 contract

Samples: Merger Agreement (Nordson Corp)

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No Section 338 Election. The Parties agree that no parties shall not file an election will be made under Section 338 of the Code (including Section 338(h)(10) of the Code) or any comparable state law equivalent provision of foreign, state or local Law) in with respect of to the transactions contemplated under by this Agreement.

Appears in 1 contract

Samples: Purchase Agreement (Schwab Charles Corp)

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