No Tax Elections. Purchaser shall not make, and agrees to prevent the Target Companies from making, any election pursuant to Section 338(g) of the Code or any similar provision of Law with respect to any Target Company.
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Samples: Purchase and Sale Agreement (Ally Financial Inc.), Purchase and Sale Agreement (General Motors Co), Purchase and Sale Agreement (General Motors Financial Company, Inc.)
No Tax Elections. Purchaser shall not make, and agrees to prevent the Target Companies Company from making, any tax election pursuant to under Section 338(g338 or 336(e) of the Code or any similar provision of Law with respect to any its purchase of the Target Company.
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