Not a PFIC Sample Clauses

Not a PFIC. Except as disclosed in the Disclosure Materials, Registration Statement and Prospectus, the Company does not expect that it will be treated as a Passive Foreign Investment Company (“PFIC”) within the meaning of Section 1297 of the United States Internal Revenue Code of 1986, as amended, for its current taxable year. The Company has no plan or intention to operate in such a manner that would reasonably be expected to result in the Company becoming a PFIC in future taxable years.

Not a PFIC. Except as disclosed in the Disclosure Materials, Registration Statement and Prospectus, based on the past and projected composition of its income and assets, and the valuation of its assets, including goodwill, the Company does not expect that it will be treated as a Passive Foreign Investment Company (“PFIC”) within the meaning of Section 1297 of the United States Internal Revenue Code of 1986, as amended, for its current taxable year. The Company has no current plan or intention to operate in such a manner that would reasonably be expected to result in the Company becoming a PFIC in future taxable years.