Accounting and Tax Treatment. Each of the Parties undertakes and ---------------------------- agrees to use its reasonable best efforts to cause the Merger to qualify, and to take no action which would cause the Merger not to qualify, for treatment as a "reorganization" within the meaning of Section 368(a) of the Internal Revenue Code for federal income tax purposes. Each of the Parties further undertakes and agrees to use its reasonable best efforts to cause the Merger to be eligible, and to take no action which would cause the Merger not to be eligible, to be accounted for as a "pooling of interests."
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (Premier Bancshares Inc /Ga), Agreement and Plan of Reorganization (Premier Bancshares Inc /Ga)
Accounting and Tax Treatment. Each of the Parties undertakes and ---------------------------- ----------------------------- agrees to use its reasonable best efforts to cause the Merger to qualify, and to take no action which would cause the Merger not to qualify, for treatment as a "reorganization" within the meaning of Section 368(a) of the Internal Revenue Code for federal income tax purposes. Each of the Parties further undertakes and agrees to use its reasonable best efforts to cause the Merger to be eligible, and to take no action which would cause the Merger not to be eligible, to be accounted for as a "pooling of interests."
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Premier Bancshares Inc /Ga)
Accounting and Tax Treatment. Each of the Parties undertakes ---------------------------- and ---------------------------- agrees to use its reasonable best efforts to cause the Merger to qualify, and to take no action which would cause the Merger not to qualify, for treatment as a "reorganization" within the meaning of Section 368(a) of the Internal Revenue Code for federal income tax purposes. Each of the Parties further undertakes and agrees to use its reasonable best efforts to cause the Merger to be eligible, and to take no action which would cause the Merger not to be eligible, to be accounted for as a "pooling of interests."
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (First Alliance/Premier Bancshares Inc)
Accounting and Tax Treatment. Each of the Parties undertakes and ---------------------------- agrees to use its reasonable best efforts to cause the Merger to qualify, and to take no action which would cause the Merger not to qualify, for treatment as a "reorganization" within the meaning of Section 368(a) of the Internal Revenue Code for federal income tax purposes. Each of the Parties further undertakes and agrees to use its reasonable best efforts to cause the Merger to be eligible, and to take no action which would cause the Merger not to be eligible, to be accounted for as a "pooling of interests."
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Premier Bancshares Inc /Ga)