Shell Company Sample Clauses
A Shell Company clause defines the treatment or restrictions regarding entities that exist primarily on paper and have no significant operations or assets. In practice, this clause may prohibit parties from using shell companies to enter into agreements, require disclosure if a party is a shell company, or set conditions for transactions involving such entities. Its core function is to prevent fraud, money laundering, or other illicit activities by ensuring transparency about the true parties involved in a contract.
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Shell Company. The Company is not, and was not in the past, an “ineligible issuer” (as defined in Rule 405 promulgated under the Securities Act).
Shell Company. For over one-year, the Company has not been a former shell company as that phrase is defined by Rule 405 under the Securities Act and Rule 12b-2 under the Exchange Act.
Shell Company. The Company is not an “ineligible issuer” (as defined in Rule 405 promulgated under the Securities Act) and is not, and has never been, an issuer identified in, or subject to, Rule 144(i)(1) of the Securities Act.
Shell Company. The Company is not, and has never been, an issuer identified in Rule 144(i)(1) promulgated under the Securities Act.
Shell Company. The Company is not a shell company (as defined in Rule 405 under the Securities Act) and has not been a shell company for at least 12 calendar months previously, and if it has been a shell company at any time previously, has filed current Form 10 information (as defined in Instruction I.B.6 of Form S-3) with the Commission at least 12 calendar months previously reflecting its status as an entity that is not a shell company.
Shell Company. The Company is not and has never been a shell company as such term is defined in Rule 12(b)(2) under the Exchange Act and the rules and regulations of the SEC thereunder.
Shell Company. The Company is a Shell Company as defined in Rule 12(b)(2) promulgated under the Exchange Act. The Company maintains limited operations and does not employ any employees and does not maintain any employee benefit or stock option or similar equity incentive plans.
Shell Company. The Company is a “shell company,” as defined in Rule 12b-2 of the Exchange Act.
Shell Company. The Company is not, and has never been, a “shell company,” as described in paragraphs (i)(1)(i) and (ii) of Rule 144 promulgated under the Securities Act (“Rule 144”).
Shell Company. The Company is a “shell company” as defined in Rule 405 of the Securities Act.