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

Samples: Share Purchase Agreement (El Sitio Inc), Share Purchase Agreement (El Sitio Inc), Share Purchase Agreement (El Sitio Inc)

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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

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

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

Appears in 1 contract

Samples: Merger Agreement (KIT Digital, Inc.)

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