Common use of Spin-Offs Clause in Contracts

Spin-Offs. Neither the Company nor any Company Subsidiary has been a “distributing corporation” or a “controlled corporation” (within the meaning of section 355 of the Code) in a transaction intended to qualify under section 355 of the Code within the past two years.

Appears in 6 contracts

Samples: Merger Agreement (Xyratex LTD), Merger Agreement (Seagate Technology PLC), Merger Agreement (Reckitt Benckiser Group PLC)

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Spin-Offs. Neither the Company nor any Company Subsidiary has been a “distributing corporation” or a “controlled corporation” (within the meaning of section 355 of the Code) in a transaction distribution of stock intended to qualify for tax-free treatment under section 355 of the Code within in the past two yearsyears prior to the date of this Agreement.

Appears in 5 contracts

Samples: Merger Agreement, Merger Agreement (Allergan Inc), Merger Agreement (MAP Pharmaceuticals, Inc.)

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Spin-Offs. Neither the Company nor any Company Subsidiary has been a “distributing corporation” or a “controlled corporation” (within the meaning of section Section 355 of the Code) in a transaction intended to qualify under section Section 355 of the Code within the past two years.

Appears in 2 contracts

Samples: Merger Agreement (St Jude Medical Inc), Merger Agreement (Thoratec Corp)