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Common use of PFIC Clause in Contracts

PFIC. The Company is not a "passive foreign investment company" within the meaning of Section 1297 of the Code.

Appears in 4 contracts

Sources: Stock Purchase Agreement (El Sitio Inc), Share Purchase Agreement (El Sitio Inc), Share Purchase Agreement (El Sitio Inc)

PFIC. The Company is not a "“passive foreign investment company" ” within the meaning of Section 1297 of the Code.

Appears in 3 contracts

Sources: Series B Preferred Share Purchase Agreement (Trivago N.V.), Share Purchase Option Agreement (Trivago N.V.), Merger Agreement (KIT Digital, Inc.)

PFIC. The Company is not a "“passive foreign investment company" ” within the meaning of Section 1297 of the CodeU.S. Internal Revenue Code of 1986, as amended.

Appears in 2 contracts

Sources: Share Purchase Agreement (Juno Therapeutics, Inc.), Share Purchase Agreement (Juno Therapeutics, Inc.)

Related Clauses

  • Disregarded Entity
  • Internal Revenue Code Section 409A
  • Income Tax Return Information
  • Reporting Company Status
  • Section 409A of the Internal Revenue Code

Parent Clauses

  • Representations and Warranties of the Company
  • Representations and Warranties
  • Representations and Warranties by the Company
  • Tax Matters
  • Representations and Warranties of the Company, its Subsidiaries and the PRC Operating Entities

Sub-Clauses

  • No Injunction, etc
  • Conditions to Buyer's Obligation to Effect the First Closing
  • Condition to Seller's Obligation to Effect the First Closing
  • Rights Offering
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