Passive Foreign Investment. the Company is not, and does not intend to become, and will not as a result of the Placing or otherwise become, a “passive foreign investment company” within the meaning of Section 1297 of the Internal Revenue Code;
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Samples: Placing Agreement, Placing Agreement (Semiconductor Manufacturing International Corp), Placing and Subscription Agreement (Semiconductor Manufacturing International Corp)
Passive Foreign Investment. the Company is not, and does not intend to become, and will not as a result of the Top-up Placing and the Share Subscription or otherwise become, a “passive foreign investment company” within the meaning of Section 1297 of the Internal Revenue Code;
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