MERGER TAX COVENANTS. 12.3.1 The parties intend that the Merger will qualify as a reorganization within the meaning of Section 368(a) of the Internal Revenue Code in which the Company will not recognize gain or loss, and pursuant to which any gain recognized by the Stockholders as a result of the Merger will not exceed the amount of any cash received by the Stockholders in the Merger (a "Reorganization").
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Samples: Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc), Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc), Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc)
MERGER TAX COVENANTS. 12.3.1 The parties intend that the Merger will qualify as a reorganization within the meaning of Section 368(a) of the Internal Revenue Code in which the Company will not recognize gain or loss, and pursuant to which any gain recognized by the Stockholders Stockholder as a result of the Merger will not exceed the amount of any cash received by the Stockholders Stockholder in the Merger (a "Reorganization").
Appears in 1 contract
Samples: Agreement and Plan of Merger and Reorganization (Universal Document MGMT Systems Inc)
MERGER TAX COVENANTS. 12.3.1 The parties intend that the Merger will qualify as a reorganization within the meaning of Section 368(a) of the Internal Revenue Code in which the Company will not recognize 41 49 gain or loss, and pursuant to which any gain recognized by the Stockholders as a result of the Merger will not exceed the amount of any cash received by the Stockholders in the Merger (a "Reorganization").
Appears in 1 contract
Samples: Agreement and Plan of Merger (Universal Document MGMT Systems Inc)
