Accounting Methods; Tax Elections. Except as disclosed in any Company SEC Document filed prior to the date of this Agreement, Company shall not change its methods of accounting in effect at December 31, 2007, except as required by changes in GAAP or SAP as concurred to by Company’s independent auditors. Company shall not, and shall not permit any of its subsidiaries to, make, change or revoke any material Tax election or change its method of tax accounting, except as required by changes in applicable law, ordinance or regulation (or any interpretation thereof), in each case, if such action would have the effect of increasing a Tax liability of Company by an amount that is material.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (CastlePoint Holdings, Ltd.), Agreement and Plan of Merger (Tower Group, Inc.), Agreement and Plan of Merger (Tower Group, Inc.)
Accounting Methods; Tax Elections. Except as disclosed in any the Company SEC Document Documents filed prior to the date of this Agreement, or as required by a Governmental Authority, the Company shall not change in any material respect its methods of accounting in effect at December 31, 20072010, except to comply with changes in GAAP as concurred in by the Company’s independent public accountants. The Company shall not (i) change its fiscal year or any method of tax accounting or (ii) make any material Tax election, in each case except as required by changes in GAAP or SAP as concurred to by Company’s independent auditors. Company shall not, and shall not permit any of its subsidiaries to, make, change or revoke any material Tax election or change its method of tax accounting, except as required by changes in applicable law, ordinance or regulation (or any interpretation thereof), in each case, if such action would have the effect of increasing a Tax liability of Company by an amount that is materialLaw.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Crude Carriers Corp.), Agreement and Plan of Merger (Capital Product Partners L.P.)
Accounting Methods; Tax Elections. Except as disclosed in any Company SEC Document Documents filed prior to the date of this AgreementAgreement or as required by a Governmental Entity, Company shall not change in any material respect its methods of accounting in effect at December 3130, 20072002, except as required by changes in GAAP or SAP as concurred agreed to in by Company’s 's independent auditorspublic accountants. Company shall not, and shall not permit any of its subsidiaries Subsidiaries to, make, change or revoke any material Tax election or (i) change its fiscal year or any method of tax accounting, except as required by changes in applicable law(ii) make, ordinance revoke or regulation amend any Tax election or (iii) settle or compromise any interpretation thereof), in each case, if such action would have the effect of increasing a Tax liability of Company by an amount that is materialfor Taxes.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Bruker Daltonics Inc), Agreement and Plan of Merger (Bruker Axs Inc)
