Common use of Reorganization under the Code Clause in Contracts

Reorganization under the Code. As of the date of this Agreement, neither Buyer nor any of its Subsidiaries has taken any action or knows of any fact that is reasonably likely to prevent the Merger from qualifying as a "reorganization" within the meaning of Section 368(a) of the Code.

Appears in 3 contracts

Sources: Merger Agreement (Photomedex Inc), Merger Agreement (Decode Genetics Inc), Merger Agreement (Photomedex Inc)

Reorganization under the Code. As of the date of this Agreement, neither Buyer nor any of its Subsidiaries has taken any action or knows of any fact that is reasonably likely to prevent the Merger from qualifying as a "β€œreorganization" ” within the meaning of Section 368(a) of the Code.

Appears in 1 contract

Sources: Merger Agreement (Procyte Corp /Wa/)