Common use of POOLING QUALIFICATION Clause in Contracts

POOLING QUALIFICATION. At any time after Old Kent's independent accountants have advised Old Kent that they are not of the opinion that the Merger is likely to qualify for treatment as a pooling-of-interests for accounting and financial reporting purposes; PROVIDED, that Old Kent shall not have wilfully taken any action to disqualify the Merger as a pooling-of-interests for accounting and financial reporting purposes; PROVIDED FURTHER, that Merchants shall have a period of 30 days after notification by Old Kent to cure any condition that would prevent the Merger from qualifying for treatment as a pooling-of-interests for accounting and financial reporting purposes.

Appears in 1 contract

Sources: Merger Agreement (Merchants Bancorp Inc/De/)

POOLING QUALIFICATION. At any time after Old Kent's independent accountants have advised Old Kent that they are not of the opinion that the Merger is likely to qualify for treatment as a pooling-of-interests for accounting and financial reporting purposes; PROVIDEDprovided, that Old Kent shall not have wilfully taken any action to knowingly disqualify the Merger as a pooling-of-interests for accounting and financial reporting purposes; PROVIDED FURTHERprovided further, that Merchants Grand Premier shall have a period of 30 days after notification by Old Kent to cure any condition that would prevent the Merger from qualifying for treatment as a pooling-of-interests for accounting and financial reporting purposes.

Appears in 1 contract

Sources: Merger Agreement (Old Kent Financial Corp /Mi/)

POOLING QUALIFICATION. At any time after Old Kent's independent accountants have advised Old Kent that they are not of the opinion that the Merger is likely to qualify for treatment as a pooling-of-interests for accounting and financial reporting purposes; PROVIDED, that Old Kent shall not have wilfully taken any action to knowingly disqualify the Merger as a pooling-of-of- interests for accounting and financial reporting purposes; PROVIDED FURTHER, that Merchants Grand Premier shall have a period of 30 days after notification by Old Kent to cure any condition that would prevent the Merger from qualifying for treatment as a pooling-of-interests for accounting and financial reporting purposes.

Appears in 1 contract

Sources: Merger Agreement (Grand Premier Financial Inc)