Common use of Plan or Series of Related Transactions Clause in Contracts

Plan or Series of Related Transactions. (A) Ensign hereby represents and warrants that, to the knowledge of Ensign and the management of Ensign, neither the Distribution nor any related transactions are part of a plan (or series of related transactions) pursuant to which a Person will acquire directly or indirectly stock representing a fifty-percent or greater interest (within the meaning of Sections 355(d) and (e) of the Code) in Ensign or any successor to Ensign.

Appears in 3 contracts

Samples: Tax Matters Agreement (Pennant Group, Inc.), Tax Matters Agreement (Ensign Group, Inc), Tax Matters Agreement (Pennant Group, Inc.)

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Plan or Series of Related Transactions. (A) Ensign hereby represents and warrants that, to the knowledge of Ensign and the management of Ensign, neither the Distribution nor any related transactions are part of a plan (or series of related transactions) pursuant to which a Person will acquire directly or indirectly stock representing a fifty-percent or greater interest (within the meaning of Sections 355(d) and (e) of the Code) in Ensign or any successor to Ensign.

Appears in 2 contracts

Samples: Tax Matters Agreement (CareTrust REIT, Inc.), Tax Matters Agreement (CareTrust REIT, Inc.)

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