Common use of Passive Foreign Investment Company Clause in Contracts

Passive Foreign Investment Company. The Company does not believe that it was a “passive foreign investment company” (“PFIC”) for U.S. federal income tax purposes for the taxable year ended December 31, 2023 and it does not expect to be treated as a PFIC for the current taxable year.

Passive Foreign Investment Company. The Based on reasonable assumptions, the Company does not believe that it was a “passive foreign investment company” (“PFIC”) for U.S. federal income tax purposes for the its taxable year ended ending December 31, 2023 and it does not expect to be treated as a PFIC for the current taxable year2022.

Passive Foreign Investment Company. The Company does not believe that it was a “passive foreign investment company” (“PFIC”) for U.S. federal income tax purposes for the taxable year ended December 31, 2023 2020 and it does not expect to be treated as a PFIC for the current taxable year.

Passive Foreign Investment Company. The Company does was not believe that it was a “passive foreign investment company” company (“PFIC”) for U.S. federal income tax purposes for the its most recent taxable year ended ending December 31, 2023 and it does not expect to be treated as a PFIC for the in its current taxable yearyear ending December 31, 2024 or in the foreseeable future.

Passive Foreign Investment Company. The Based on the Company’s anticipated market capitalization and the composition of its income and assets, the Company does not believe that it was a “passive foreign investment company” (“PFIC”) for U.S. its 2022 taxable year or expect to be a PFIC for United States federal income tax purposes for the current taxable year ended December 31, 2023 and it does not expect to be treated as a PFIC for or in the current taxable yearforeseeable future.

Passive Foreign Investment Company. The Company does not believe that it was a “passive foreign investment company” (“PFIC”) for U.S. federal income tax purposes for the taxable year ended December 31January 1, 2023 and it does not expect to be treated as a PFIC for the current taxable yearyear or in the foreseeable future.

Passive Foreign Investment Company. The Company does not believe that it was a “passive foreign investment company” (“PFIC”) for U.S. federal income tax purposes for the taxable year ended December 31, 2023 2021 and it does not expect to be treated as a PFIC for the current taxable year.

Passive Foreign Investment Company. The Company does not believe that it was a “passive foreign investment company” (“PFIC”) for U.S. federal income tax purposes for the taxable year ended December 31, 2023 2022 and it does not expect to be treated as a PFIC for the current taxable year.

Passive Foreign Investment Company. The Company does not believe that it was a “passive foreign investment company” (“PFIC”) for U.S. federal income tax purposes for the taxable year ended December 31January 3, 2023 2021 and it does not expect to be treated as a PFIC for the current taxable yearyear or in the foreseeable future.

Passive Foreign Investment Company. The Company does not believe that it was a “passive foreign investment company” (“PFIC”) for U.S. federal income tax purposes for the taxable year ended December 3129, 2023 2019 and it does not expect to be treated as a PFIC for the current taxable yearyear or in the foreseeable future.

Passive Foreign Investment Company. The Company does was not believe that it was a “passive foreign investment company” (“PFIC”) for U.S. federal income tax purposes for the taxable year ended December 31in 2020, 2023 based on its income, assets and business activities, and it does not expect to be treated as a PFIC for the its current taxable yearyear or in the near future.