Common use of Section 355 Clause in Contracts

Section 355. Neither the Company nor its Subsidiary has ever distributed the stock or another person, or had its stock distributed by another person, in a transaction that was intended to be governed in whole or in part by Section 355 of the Code.

Appears in 2 contracts

Sources: Membership Interest Purchase Agreement (Union Street Acquisition Corp.), Membership Interest Purchase Agreement (Union Street Acquisition Corp.)

Section 355. Neither the Company nor any of its Subsidiary Subsidiaries has ever distributed the stock or of another personPerson, or has had its stock distributed by another personPerson, in a transaction that was purported or intended to be governed in whole or in part by Section 355 of the Code or Section 361 of the Code.

Appears in 1 contract

Sources: Merger Agreement (Argo Tech Corp)

Section 355. Neither the Company nor its Subsidiary has ever distributed the stock or of another personPerson, or has had its stock distributed by another personPerson, in a transaction that was purported or intended to be governed governed, in whole or in part part, by Section 355 or Section 361 of the Code.. j.

Appears in 1 contract

Sources: Stock Purchase Agreement

Section 355. Neither the Company nor its Subsidiary has ever distributed the stock or of another personPerson, or has had its stock distributed by another personPerson, in a transaction that was purported or intended to be governed governed, in whole or in part part, by Section 355 or Section 361 of the Code.

Appears in 1 contract

Sources: Stock Purchase Agreement (Heritage-Crystal Clean, Inc.)