Voting Stock. The parties hereto agree and acknowledge that the Sponsor Earn-Out Shares are intended to constitute “voting stock” within the meaning of Section 368(a)(1) of the Code and the Treasury Regulations promulgated thereunder received by Sponsor in connection with the Mergers, and shall file all Tax Returns consistent with, and take no position inconsistent with (whether in audits, Tax Returns or otherwise) such treatment.
Appears in 4 contracts
Samples: Sponsor Support Agreement, Sponsor Support Agreement (Lotus Technology Inc.), Sponsor Support Agreement (Lotus Technology Inc.)
Voting Stock. The parties hereto agree and acknowledge that the Sponsor Earn-Out Shares are intended to constitute “voting stock” within the meaning of Section 368(a)(1) of the Code and the Treasury Regulations promulgated thereunder received by Sponsor in connection with the MergersMerger, and shall file all Tax Returns consistent with, and take no position inconsistent with (whether in audits, Tax Returns or otherwise) such treatment.
Appears in 2 contracts
Samples: Sponsor Lock Up and Support Agreement (Magnum Opus Acquisition LTD), Merger Agreement (Magnum Opus Acquisition LTD)
