GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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12:28 Dec 12, 2001 |
German to English translations [PRO] Bus/Financial - Law: Contract(s) | |||||
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| Selected response from: Alison Schwitzgebel France Local time: 13:27 | ||||
Grading comment
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Summary of answers provided | ||||
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4 | contribution agreement |
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contribution agreement Explanation: Company 1 is contributing assets and equity to company 2 by way of a contribition agreement dated Oct. 15. See link below for an example of this type of contract. "PURCHASE AND CONTRIBUTION AGREEMENT dated as of June 29, 1999 (the "Agreement") by and among Compaq Computer Corporation, a Delaware corporation ("Compaq"), Digital Equipment Corporation, a Massachusetts corporation and a wholly owned subsidiary of Compaq ("Digital"), AltaVista Company, a Delaware corporation and a wholly owned subsidiary of Digital ("AV"), CMGI, Inc., a Delaware corporation ("CMGI"), and Zoom Newco Inc., a Delaware corporation and a wholly owned subsidiary of CMGI ("Newco"). WHEREAS, for federal income tax purposes, the contribution by CMGI of the Digital Assets (as defined below) and the contribution by Compaq and Digital of the Assigned Assets (as defined below) shall together constitute a transaction described in Section 351 of the Code. NOW THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants, agreements and conditions hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, the parties, intending to be legally bound, hereby agree as follows....." Reference: http://techdeals.biz.findlaw.com/agreements/cmgi/cmgialtavis... |
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