Common use of Partnerships and Single Member LLCs Clause in Contracts

Partnerships and Single Member LLCs. The Company (i) is not subject to any joint venture, partnership, or other arrangement or contract which is treated as a partnership for Tax purposes, (ii) does not own a single member limited liability company which is treated as a disregarded entity, and (iii) is not a shareholder of a “controlled foreign corporation” as defined in Section 957 of the Code (or any similar provision of state, local or foreign law).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Basin Water, Inc.), Agreement and Plan of Merger (Basin Water, Inc.)

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Partnerships and Single Member LLCs. The Company (i) is not subject to any joint venture, partnership, or other arrangement or contract which is treated as a partnership for federal income Tax purposes, (ii) . The Company does not own a single member limited liability company which that is treated as a disregarded entity, and (iii) is not a shareholder of a “controlled foreign corporation” as defined in Section 957 of the Code (or any similar provision of state, local or foreign law)entity for federal income Tax purposes.

Appears in 1 contract

Samples: Merger Agreement (Varian Medical Systems Inc)

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Partnerships and Single Member LLCs. The Company (i) is not subject to any ----------------------------------- joint venture, partnership, or other arrangement or contract which is treated as a partnership for Tax purposes, (ii) federal income tax purposes and does not own a single member limited liability company which is treated as a disregarded entity, and (iii) is not a shareholder of a “controlled foreign corporation” as defined in Section 957 of the Code (or any similar provision of state, local or foreign law).

Appears in 1 contract

Samples: Recapitalization Agreement (Advanced Micro Devices Inc)

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