Common use of Plan or Series of Related Transactions Clause in Contracts

Plan or Series of Related Transactions. HBI hereby represents and warrants that, to the knowledge of HBI and the management of HBI, neither the Restructuring nor the Distribution are part of a plan (or series of related transactions) pursuant to which a Person will acquire stock representing a fifty-percent or greater interest (within the meaning of Sections 355(d) and (e) of the Code) in HBI or any successor to HBI.

Appears in 2 contracts

Sources: Tax Sharing Agreement (Hanesbrands Inc.), Tax Sharing Agreement (Hanesbrands Inc.)