Common use of No Tax Ruling Clause in Contracts

No Tax Ruling. Irrespective of any desired tax treatment of the transactions contemplated by this Agreement, Isodiol, IsoLabs, Target, and Selling Shareholders agree that they will not attempt to obtain ruling from the United States Internal Revenue Service to the effect that, for Federal income tax purposes, no gain or loss will be recognized to the holders of Target Shares upon the receipt of the Cash Consideration or Isodiol Shares in exchange for their Target Shares in accordance with the provisions of this Agreement and the Subscription Agreement.

No Tax Ruling. Irrespective of any desired tax treatment of the transactions contemplated by this Agreement, Isodiol, IsoLabs, Target, and Selling Shareholders Member each agree that they it will not attempt to obtain ruling from the United States Internal Revenue Service to the effect that, for Federal income tax purposes, no gain or loss will be recognized to the holders of Target Shares Interests upon the receipt of the Cash Consideration or Isodiol Shares in exchange for their Target Shares Interests in accordance with the provisions of this Agreement and the Subscription Agreement.

No Tax Ruling. Irrespective of any desired tax treatment of the transactions contemplated by this Agreement, Isodiol, IsoLabs, Target, and Selling Shareholders Xxxxxxx Member each agree that they it will not attempt to obtain ruling from the United States Internal Revenue Service to the effect that, for Federal income tax purposes, no gain or loss will be recognized to the holders of Target Shares Interests upon the receipt of the Cash Consideration or Isodiol Shares in exchange for their Target Shares Interests in accordance with the provisions of this Agreement and the Subscription Agreement.

No Tax Ruling. Irrespective of any desired tax treatment of the transactions contemplated by this Agreement, Isodiol, IsoLabs, Target, Isodiol and Selling Shareholders Target agree that they will not attempt to obtain ruling from the United States Internal Revenue Service to the effect that, for Federal income tax purposes, no gain or loss will be recognized to the holders of Target Shares upon the receipt of the Cash Consideration or Isodiol Shares in exchange for their Target Shares in accordance with the provisions of this Agreement and the Subscription Agreement.