Common use of Section 481 Adjustment Clause in Contracts

Section 481 Adjustment. Without the prior written consent of Old National, St. J▇▇▇▇▇ shall not make or change any election, change an annual accounting period, adopt or change any accounting method, file any amended Tax Return (except as set forth in Section 4.15 of the St. J▇▇▇▇▇ Disclosure Schedule), enter into any closing agreement, settle any Tax claim or assessment relating to St. J▇▇▇▇▇, surrender right to claim a refund of Taxes, consent to any extension or waiver of the limitation period applicable to any tax claim or assessment relating to St. J▇▇▇▇▇, or take any other similar action relating to the filing of any Tax Return or the payment of any Tax.

Appears in 2 contracts

Sources: Merger Agreement (Old National Bancorp /In/), Merger Agreement (St Joseph Capital Corp)