Ownership Changes. Without regard to this Agreement, the Company has Not undergone an "ownership change" within the meaning of NRSC Section 382 of the Code. Because no “ownership change” as defined under the code has occurred tax-loss carry forwards are not prohibited by this section.
Appears in 2 contracts
Samples: Merger Agreement (Nitro Petroleum Inc.), Merger Agreement (Core Resource Management, Inc.)
Ownership Changes. Without regard to this Agreement, the Company has Not undergone an "ownership change" within the meaning of NRSC Section 382 of the Code. Because no “ownership change” as defined under the code has occurred tax-tax- loss carry forwards are not prohibited by this section.
Appears in 2 contracts
Samples: Merger Agreement (Nitro Petroleum Inc.), Merger Agreement (Core Resource Management, Inc.)
