Common use of Section 355 Clause in Contracts

Section 355. In the past five (5) years, neither the Company nor any Subsidiary has distributed stock of another Person, or has had its stock distributed by another Person, in a transaction that was purported or intended to be governed in whole or in part by Sections 355 or 361 of the Code.

Appears in 2 contracts

Sources: Merger Agreement (CRAWFORD UNITED Corp), Merger Agreement (CRAWFORD UNITED Corp)

Section 355. In the past five (5) years, neither Neither the Company nor any its Subsidiary has ever distributed the stock of or another Personperson, or has had its stock distributed by another Personperson, in a transaction that was purported or intended to be governed in whole or in part by Sections Section 355 or 361 of the Code.

Appears in 2 contracts

Sources: Membership Interest Purchase Agreement (Union Street Acquisition Corp.), Membership Interest Purchase Agreement (Union Street Acquisition Corp.)

Section 355. In the past five (5) years, neither Neither the Company nor any Subsidiary of its Subsidiaries has distributed stock of another Person, or has had its stock distributed by another Person, in a transaction that was purported or intended to be governed in whole or in part by Sections Section 355 of the Code or Section 361 of the Code.

Appears in 1 contract

Sources: Merger Agreement (Argo Tech Corp)

Section 355. In the past five (5) years, neither the Neither Company nor any Subsidiary has distributed stock of another Person, or has had its stock distributed by another Person, in a transaction that was purported or intended to be governed governed, in whole or in part part, by Sections Section 355 or Section 361 of the Code.

Appears in 1 contract

Sources: Stock Purchase Agreement (Heritage-Crystal Clean, Inc.)

Section 355. In the past five (5) years, neither the Neither Company nor any Subsidiary has distributed stock of another Person, or has had its stock distributed by another Person, in a transaction that was purported or intended to be governed governed, in whole or in part part, by Sections Section 355 or Section 361 of the Code.. j.

Appears in 1 contract

Sources: Stock Purchase Agreement