Tax Treatment of Preferred Stock. The Company covenants and agrees not to take any action inconsistent with the Series B Preferred Stock being considered common stock for U.S. Federal income tax purposes.
Appears in 2 contracts
Samples: Purchase Agreement (Royal Ahold), Purchase Agreement (Peapod Inc)
Tax Treatment of Preferred Stock. The Company covenants and agrees not to take any action inconsistent with the Series B Preferred Stock being considered common capital stock for U.S. Federal income tax purposes.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Internet Pictures Corp), Securities Purchase Agreement (Image Investor Portfolio a Sep Ser of Memphis Angels LLC)
