Common use of Pursuant to Treasury Clause in Contracts

Pursuant to Treasury. Regulations § 1.7874-2(j)(1), the deemed conversion of CGGC from a foreign corporation to a domestic corporation by reason of Section 7874(b) of the Code shall be treated as a reorganization under Section 368(a)(1)(F) of the Code occurring on the day immediately preceding the Closing Date.

Appears in 2 contracts

Sources: Transaction Agreement (Columbia Care Inc.), Transaction Agreement