Common use of Spin-Offs Clause in Contracts

Spin-Offs. Neither the Company nor any of its Subsidiaries has distributed the stock of any corporation in a transaction satisfying the requirements of Section 355 of the Code since April 16, 1997, and neither the stock of the Company nor the stock of any of its Subsidiaries has been distributed in a transaction satisfying the requirements of Section 355 of the Code since April 16, 1997.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Independence Holding Co), Stock Purchase Agreement (Softnet Systems Inc), Stock Purchase Agreement (Madison Investors Corp)

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Spin-Offs. Neither the Company nor any of its Subsidiaries has distributed the stock of any corporation in a transaction satisfying the requirements of Section 355 of the Code since April 16, 1997, and neither the stock of each of the Company nor the stock of and any of its Subsidiaries has not been distributed in a transaction satisfying the requirements of Section 355 of the Code since April 16, 1997.

Appears in 2 contracts

Samples: Merger Agreement (Check Point Software Technologies LTD), Merger Agreement (Mentor Graphics Corp)

Spin-Offs. Neither During the past three (3) years, neither the Company nor any of its Subsidiaries Company Subsidiary has distributed the stock of any corporation in a transaction satisfying intended to satisfy the requirements of Section 355 of the Code since April 16, 1997Code, and neither the stock of the Company nor the stock of any of its Subsidiaries Company Subsidiary has been distributed in a transaction satisfying intended to satisfy the requirements of Section 355 of the Code since April 16, 1997Code.

Appears in 2 contracts

Samples: Merger Agreement (DG FastChannel, Inc), Merger Agreement (Enliven Marketing Technologies Corp)

Spin-Offs. Neither the Company nor any of its Subsidiaries the Company Subsidiary has distributed the stock of any corporation in a transaction satisfying the requirements of Section 355 of the Code since April 16, 1997Code, and neither the stock of the Company nor the stock of any of its Subsidiaries the Company Subsidiary has been distributed in a transaction satisfying the requirements of Section 355 of the Code since April 16, 1997Code.

Appears in 2 contracts

Samples: Merger Agreement, Merger Agreement (Iparty Corp)

Spin-Offs. Neither the Company nor any of its Subsidiaries the Company Subsidiary has distributed the stock of any corporation in a transaction satisfying the requirements of Section 355 of the Code since April 16, 1997, and neither the stock of the Company nor the stock of any of its Subsidiaries the Company Subsidiary has been distributed in a transaction satisfying the requirements of Section 355 of the Code since April 16, 1997.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Microfluidics International Corp)

Spin-Offs. Neither the Company nor any of its the Subsidiaries has distributed the stock of any corporation in a transaction satisfying the requirements of Section 355 of the Code since April 16, 1997Code, and neither the stock of the Company nor the stock of any of its the Subsidiaries has been distributed in a transaction satisfying the requirements of Section 355 of the Code since April 16, 1997Code.

Appears in 1 contract

Samples: Securities Purchase Agreement (Isecuretrac Corp)

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Spin-Offs. Neither the Company nor any of its Subsidiaries has distributed the stock of any corporation in a transaction satisfying intended to satisfy the requirements of Section 355 of the Code since April 16, 1997, and neither the stock of each of the Company nor the stock of and any of its Subsidiaries has not been distributed in a transaction satisfying intended to satisfy the requirements of Section 355 of the Code since April 16, 1997.

Appears in 1 contract

Samples: Merger Agreement (Check Point Software Technologies LTD)

Spin-Offs. Neither the Company nor any of its the Subsidiaries has distributed the stock of any corporation in a transaction satisfying the requirements of Section 355 of the Code since April 16, 1997, and neither the stock of the Company nor the stock of any of its the Subsidiaries has been distributed in a transaction satisfying the requirements of Section 355 of the Code since April 16, 1997.

Appears in 1 contract

Samples: Securities Purchase Agreement (Pathmark Stores Inc)

Spin-Offs. Neither the Company nor any of its Subsidiaries Company Subsidiary has distributed the stock of any corporation in a transaction satisfying the requirements of Section 355 of the Code since April 16, 1997, and neither the stock of the Company nor the stock of any of its Subsidiaries Company Subsidiary has been distributed in a transaction satisfying the requirements of Section 355 of the Code since April 16, 1997.

Appears in 1 contract

Samples: Merger Agreement (Allergan Inc)