Common use of Tax Free Exchange Clause in Contracts

Tax Free Exchange. Unless the other parties shall otherwise agree in writing, none of the Shareholders, the Parent or the Company shall knowingly take or fail to take any action, which action or failure to act would jeopardize the qualification of the Exchange as an exchange within the meaning of Section 351 of the Code.

Appears in 4 contracts

Samples: Agreement and Plan of Exchange (Brightstar Information Technology Group Inc), Agreement and Plan of Exchange (Brightstar Information Technology Group Inc), Agreement and Plan of Exchange (Brightstar Information Technology Group Inc)

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Tax Free Exchange. Unless the other parties shall otherwise agree in writing, none of the ShareholdersShareholder, Rayden, the Parent or the Company shall knowingly take or fail to take any action, which action or failure to act would jeopardize the qualification of the Exchange as an exchange within the meaning of Section 351 of the Code.

Appears in 1 contract

Samples: Agreement and Plan of Exchange (Brightstar Information Technology Group Inc)

Tax Free Exchange. Unless the other parties shall otherwise agree in writing, none None of the ShareholdersOwners, the Parent Purchaser or the Company shall knowingly take or fail to take any action, which action or failure to act would jeopardize the qualification of the Exchange as an exchange within the meaning of Section 351 of the Code.

Appears in 1 contract

Samples: Agreement and Plan of Exchange (Brightstar Information Technology Group Inc)

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Tax Free Exchange. Unless the other parties shall otherwise agree in writing, none None of the ShareholdersMembers, the Parent Purchaser or the Company shall knowingly take or fail to take any action, which action or failure to act would jeopardize the qualification of the Exchange as an exchange within the meaning of Section 351 of the Code.

Appears in 1 contract

Samples: Agreement and Plan of Exchange (Brightstar Information Technology Group Inc)

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