Common use of Prohibited Foreign Transaction Clause in Contracts

Prohibited Foreign Transaction. A Merger Event pursuant to which Counterparty following consummation thereof is (x) an entity other than a corporation or entity that is treated as a corporation for U.S. federal income tax purposes or (y) organized and existing under the laws of a jurisdiction other than the Cayman Islands, the British Virgin Islands, the Islands of Bermuda, the Netherlands, Belgium, Switzerland, Luxembourg, the Republic of Ireland, Canada or the United Kingdom.

Prohibited Foreign Transaction. A Merger Event pursuant to which Counterparty following consummation thereof is either (x) an entity other than a corporation or entity that is treated as a corporation for U.S. federal income tax purposes or (y) organized and existing under the laws of a jurisdiction other than Israel, the Cayman IslandsUnited States, any State thereof, the District of Columbia, Bermuda, the British Virgin Islands, the Islands of BermudaCayman Islands, Guernsey, Jersey, the Netherlands, Belgium, Switzerland, Luxembourg, the Republic of Ireland, Canada Ireland or the United Kingdom.