Common use of Section 16.8 Clause in Contracts

Section 16.8. No property of the Company is property that the Company or any party to this transaction is or will be required to treat as being owned by another person pursuant to the provisions of Section 168(f)(8) of the Code (as in effect prior to its amendment by the Tax Reform Act of 1986) or is "tax-exempt use property" within the meaning of Section 168 of the Code.

Appears in 2 contracts

Samples: Merger Agreement (Appliedtheory Corp), Merger Agreement (Pure Vanilla Exchange Inc)

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Section 16.8. No property of the Company or any of its Subsidiaries is property that the Company or any such Subsidiary or any party to this transaction is or will be required to treat as being owned by another person pursuant to the provisions of Section 168(f)(8) of the Code (as in effect prior to its amendment by the Tax Reform Act of 1986) or is "tax-exempt use property" within the meaning of Section 168 of the Code.

Appears in 1 contract

Samples: Merger Agreement (Appliedtheory Corp)

Section 16.8. No property of the Company or any Company Subsidiary is property that the Company or any such Company Subsidiary or any party to this transaction is or will be required to treat as being owned by another person pursuant to the provisions of Section 168(f)(8) of the Code (as in effect prior to its amendment by the Tax Reform Act of 1986) or is "tax-exempt use property" within the meaning of Section 168 of the Code.

Appears in 1 contract

Samples: Merger Agreement (Appliedtheory Corp)

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Section 16.8. No property of the Company or any of the Subsidiaries is property that the Company or Company, any party to this transaction of the Subsidiaries is or will be required to treat as being owned by another person pursuant to the provisions of Section 168(f)(8) of the Code (as in effect prior to its amendment by the Tax Reform Act of 1986) or is "tax-tax exempt use property" within the meaning of Section 168 of the Code.

Appears in 1 contract

Samples: Stock Purchase Agreement (Primark Corp)

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