Common use of Reservation of Right to Revise Transaction Clause in Contracts

Reservation of Right to Revise Transaction. CFC may at any time change the method of effecting the acquisition of AFC and AB (including without limitation the provisions of this Section II) if and to the extent it deems such change to be desirable; provided, however, that no such change shall (i) alter the type of consideration to be issued to the holders of AFC Common Stock as provided for in this Reorganization Agreement, (ii) reduce the value of such consideration, (iii) adversely affect the intended tax-free treatment to AFC's stockholders as a result of receiving such consideration or prevent the parties from obtaining the tax opinion of Wyche, Burgess, Xxxxxxx & Xxxxxx, P.A. referred to herein, (iv) materially impair the ability to receive the Regulatory Approvals, or (v) materially delay the Closing.

Appears in 2 contracts

Samples: Reorganization Agreement (Anchor Financial Corp), Stock Option Agreement (Carolina First Corp)

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Reservation of Right to Revise Transaction. CFC may at any time change the method of effecting the acquisition of AFC and AB Citrus (including without limitation the provisions of this Section II) if and to the extent it deems such change to be desirable; provided, however, that no such change shall (i) alter the type of consideration to be issued to the holders of AFC Citrus Common Stock as provided for in this Reorganization Agreement, (ii) reduce the value of such consideration, (iii) adversely affect the intended tax-free treatment to AFC's Citrus' stockholders as a result of receiving such consideration or prevent the parties from obtaining the tax opinion of Wyche, Burgess, Xxxxxxx & Xxxxxx, P.A. referred to herein, (iv) materially impair the ability to receive the Regulatory Approvals, or (v) materially delay the Closing. 2.8.

Appears in 1 contract

Samples: Reorganization Agreement (Carolina First Corp)

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Reservation of Right to Revise Transaction. CFC may at any time change the method of effecting the acquisition of AFC FSFC and AB FFA (including without limitation the provisions of this Section II) if and to the extent it deems such change to be desirable; provided, however, that no such change shall (i) alter the type of consideration to be issued to the holders of AFC FSFC Common Stock as provided for in this Reorganization Agreement, (ii) reduce the value of such consideration, (iii) adversely affect the intended tax-free treatment to AFCFSFC's stockholders as a result of receiving such consideration or prevent the parties from obtaining the tax opinion of Wyche, Burgess, Xxxxxxx & Xxxxxx, P.A. referred to herein, (iv) materially impair the ability to receive the Regulatory Approvals, or (v) materially delay the Closing.

Appears in 1 contract

Samples: Reorganization Agreement (Carolina First Corp)

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