Common use of Tax Basis Clause in Contracts

Tax Basis. The Company and the Holder agree pursuant to Proposed Treasury Regulation Section 1.1273-2 that, for Federal income tax purposes, the aggregate issue price of the Notes (as defined in the Purchase Agreement) and the aggregate purchase price for the Warrants are those set forth in Section 2.04 of the Purchase Agreement. Neither the Company nor the Holder hereof shall voluntarily take any action inconsistent with the agreement set forth in this Section 8.7.

Appears in 3 contracts

Samples: Warrant Agreement (Mce Companies Inc), Warrant Agreement (Mce Companies Inc), Warrant Agreement (Mce Companies Inc)

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Tax Basis. The Company and the Holder agree pursuant to Proposed Treasury Regulation Section 1.1273-2 that, for Federal income tax purposes, the aggregate issue price of the Notes (as defined in the Purchase Agreement) and the aggregate purchase price for the Warrants are those set forth in Section 2.04 of the Purchase Agreement. Neither the Company nor the Holder hereof shall voluntarily take any action inconsistent with the agreement set forth in this Section 8.77.7.

Appears in 2 contracts

Samples: Warrant Agreement (Mce Companies Inc), Warrant Agreement (Mce Companies Inc)

Tax Basis. The Company and the Holder agree pursuant to Proposed Treasury Regulation Section 1.1273-2 that, for Federal income tax purposes, the aggregate issue price of the Notes (as defined in the Purchase Agreement) Note originally issued to Holder is [$___] and the aggregate purchase price for the Warrants are those set forth in Section 2.04 Warrant issued to Holder is $-0-, for the purposes of the Purchase Agreementthis Warrant. Neither the Company nor the Holder hereof shall voluntarily take (nor shall Company permit Company voluntarily to take) any action inconsistent with the agreement set forth in this Section 8.77.7.

Appears in 1 contract

Samples: Warrant Agreement (Brookside Technology Holdings, Corp.)

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Tax Basis. The Company and the Holder agree pursuant to Proposed --------- Treasury Regulation Section 1.1273-2 that, for Federal income tax purposes, the aggregate issue price of the Notes Loans (as defined in the Purchase Credit Agreement) and the aggregate purchase price for the Warrants are those set forth in Section 2.04 2.09 of the Purchase Credit Agreement. Neither the Company nor the Holder hereof shall voluntarily take (nor shall the Company permit the Company voluntarily to take) any action inconsistent with the agreement set forth in this Section 8.77.7.

Appears in 1 contract

Samples: Warrant Agreement (Medichem Life Sciences Inc)

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