Common use of Section 338(h)(10) Election Clause in Contracts

Section 338(h)(10) Election. (a) The Buyer and the Seller shall jointly make an election under Section 338(h)(10) of the Code (and any comparable election under state or local Law) (the “338(h)(10) Elections”) with respect to the acquisition of the Company and its U.S.

Appears in 1 contract

Samples: Stock Purchase Agreement (Interface Inc)

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Section 338(h)(10) Election. (a) The Xxxxxx will join with Buyer and the Seller shall jointly make in making an election under Section 338(h)(10) of the Code (and the Treasury Regulations promulgated thereunder, and any comparable election corresponding or similar elections under state or local Law) Tax Law (the collectively, a Section 338(h)(10) ElectionsElection”) with respect to the acquisition purchase and sale of the Company Shares. Xxxxxx and its U.S.Buyer

Appears in 1 contract

Samples: Stock Purchase Agreement (Cornerworld Corp)

Section 338(h)(10) Election. (a) The Buyer and the Seller shall jointly make an election under Section 338(h)(10) of the Code (and any comparable election under state or local Law) (the “338(h)(10) Elections”) with respect to the acquisition of the Company BPS Companies by the Buyer. The Buyer and its U.S.the Seller shall cooperate fully with each other in the making of the 338(h)

Appears in 1 contract

Samples: Stock Purchase Agreement (Interface Inc)

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Section 338(h)(10) Election. (a) The At Buyer’s election, the Company and Sellers shall join with Buyer and the Seller shall jointly make in making an election under Section 338(h)(10) of the Code (and any comparable corresponding election under state or local Law) (the “338(h)(10) Elections”state, local, and foreign Tax law) with respect to the acquisition of the Company and its U.S.Purchased Shares (a “Section 338(h)(10) Election”).

Appears in 1 contract

Samples: Share Purchase Agreement (Quality Systems, Inc)

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