Common use of Sale or Exchange Clause in Contracts

Sale or Exchange. A sale, exchange, liquidation or similar transaction, event or condition with respect to any assets (except realizations of purchase discounts on commercial paper, certificates of deposit or other money-market instruments) of the Company of the type that would cause any realized gain or loss to be recognized for income tax purposes under the Code (as determined without giving effect to the related party rules of Code Sections 267(a)(1) and 707(b)).

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (E Trade Group Inc)

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Sale or Exchange. A sale, exchange, liquidation or similar ---------------- transaction, event or condition with respect to any assets (except realizations of purchase discounts on commercial paper, certificates of deposit or other money-market instruments) of the Company of the type that would cause any realized gain or loss to be recognized for income tax purposes under the Code (as determined without giving effect to the related party rules of Code Sections 267(a)(1) and 707(b)).

Appears in 1 contract

Samples: Operating Agreement (E Trade Group Inc)

Sale or Exchange. A sale, exchange, liquidation or similar ---------------- transaction, event event, or condition with respect to any assets (except realizations of purchase discounts on commercial paper, certificates of deposit deposit, or other money-market instruments) of the Company Partnership of the type that would cause any realized gain or loss to be recognized for income tax purposes under the Code (as determined without giving effect to the related party rules of Code Sections 267(a)(1) and 707(b)).

Appears in 1 contract

Samples: Limited Partnership Agreement (E Trade Group Inc)

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Sale or Exchange. A sale, exchange, liquidation or similar transaction, event event, or condition with respect to any assets (except realizations of purchase discounts on commercial paper, certificates of deposit deposit, or other money-money market instruments) of the Company Partnership of the type that would cause any realized gain or loss to be recognized for income tax purposes under the Code (as determined without giving effect to (i) the related party rules provisions of Code Sections 267(a)(1) and 707(b)).Section 1045 or

Appears in 1 contract

Samples: Limited Partnership Agreement

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