Non-deductible Payments. Seller with respect to the Business or the Assets has not made any payments, is not obligated to make any payments and is not a party to any agreement that could obligate it to make any future payments that will not be fully deductible because of the limitations of Sections 162(m) or 280G of the Code (for this purpose, without regard to Section 280G(b)(4)).
Appears in 3 contracts
Samples: Asset Purchase Agreement (Elecsys Corp), Asset Purchase Agreement (Elecsys Corp), Asset Purchase Agreement (Elecsys Corp)
Non-deductible Payments. Except as set forth in Part 3.14(d)(v), Seller with respect to the Business or the Assets has not made any payments, is not obligated to make any payments and is not a party to any agreement that could obligate it to make any future payments that will not be fully deductible because of the limitations of Sections 162(m) or under Section 280G of the Code (for this purpose, without regard to Section 280G(b)(4))Code.
Appears in 1 contract
Non-deductible Payments. Seller with respect to the Business Divisions or the Assets has not made any payments, is not obligated to make any payments and is not a party to any agreement that could obligate it to make any future payments that will not be fully deductible because of the limitations of under Sections 162(m) or 280G of the Code (for this purpose, without regard to Section 280G(b)(4))Code.
Appears in 1 contract
Samples: Asset Purchase and Sale Agreement (General Dynamics Corp)
