Qualifications and Limitations. Qualification of the Stock as QSBS is based, in part, on the value of Company stock or other assets at certain relevant times. For purposes of the representations made in this Certificate, the Company has made a good faith determination of such values, taking into account all material facts and circumstances, but cannot guarantee that the Internal Revenue Service will not successfully assert that such determination is incorrect.
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Samples: Investor Rights Agreement, Investor Rights Agreement (Novacea Inc), Investor Rights Agreement (Omneon Video Networks, Inc.)
Qualifications and Limitations. Qualification of the Stock as QSBS is based, in part, on the value of Company stock or other assets at certain relevant times. For purposes of the representations made in this Certificate, the Company has made a good faith determination of such values, taking into account all material facts and circumstances, but cannot guarantee that the Internal Revenue Service or California tax authorities will not successfully assert that such determination is incorrect.
Appears in 4 contracts
Samples: Investors’ Rights Agreement (HashiCorp, Inc.), Investors’ Rights Agreement (Lyft, Inc.), Investors’ Rights Agreement (INPHI Corp)
Qualifications and Limitations. Qualification of the Stock as QSBS is based, in part, on the value of the Company stock or other assets at certain relevant times. For purposes of the representations made in this Certificate, the Company has made a good faith determination of such values, taking into account all material facts and circumstances, but cannot guarantee that the Internal Revenue Service will not successfully assert that such determination is incorrect.
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