Common use of Accounting and Tax Treatment Clause in Contracts

Accounting and Tax Treatment. Each of SFG and MNB agrees not to take any actions subsequent to the date of this Agreement that would adversely affect the ability to treat the Merger as a "pooling-of-interests" in accordance with GAAP or MNB or the shareholders of MNB to characterize the Merger as a tax-free reorganization under Section 368(a) of the IRC, and each of SFG and MNB agrees to take such action as may be reasonably required, if such action may be reasonably taken to reverse the impact of any past actions which would adversely impact the ability of SFG or MNB (as the case may be) to treat the Merger as a "pooling-of-interests" for accounting purposes or for the Merger to be characterized as a tax-free reorganization under Section 368(a) of the IRC.

Accounting and Tax Treatment. Each of SFG and MNB FWB agrees not to take any actions subsequent to the date of this Agreement that would adversely affect the ability to treat the Merger as a "pooling-of-interests" in accordance with GAAP or MNB FWB or the shareholders of MNB FWB to characterize the Merger as a tax-free reorganization under Section 368(a) of the IRC, and each of SFG and MNB FWB agrees to take such action as may be reasonably required, if such action may be reasonably taken to reverse the impact of any past actions which would adversely impact the ability of SFG or MNB FWB (as the case may be) to treat the Merger as a "pooling-of-interests" for accounting purposes or for the Merger to be characterized as a tax-free reorganization under Section 368(a) of the IRC.

Accounting and Tax Treatment. Each of SFG and MNB FWB agrees not to take any actions subsequent to the date of this Agreement that would adversely affect the ability to treat the Merger as a "pooling-of-interests" in accordance with GAAP or MNB FWB or the shareholders of MNB FWB to characterize the Merger as a tax-free reorganization under Section 368(a) of the IRCCode, and each of SFG and MNB FWB agrees to take such action as may be reasonably required, if such action may be reasonably taken to reverse the impact of any past actions which would adversely impact the ability of SFG or MNB FWB (as the case may be) to treat the Merger as a "pooling-of-interests" for accounting purposes or for the Merger to be characterized as a tax-free reorganization under Section 368(a) of the IRCCode.