Common use of S Corporation Clause in Contracts

S Corporation. There is no election for any Covered Person in effect under Section 1362(a) of the Code to be treated as an S Corporation as defined in Section 1361(a) of the Code.

Appears in 6 contracts

Samples: Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp)

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S Corporation. There As of the Effective Date and thereafter, there is no election for any Covered Person in effect under Section 1362(a) of the Code for any Covered Person to be treated as an S Corporation as defined in Section 1361(a1361 (a) of the Code.

Appears in 2 contracts

Samples: Loan Agreement (Talx Corp), Loan Agreement (Talx Corp)

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S Corporation. There is no election for any Covered Person in effect under Code Section 1362(a) of the Code to be treated as an S Corporation as defined in Code Section 1361(a) of the Code).

Appears in 1 contract

Samples: Credit Facilities Agreement (Gtsi Corp)

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