Tax and Accounting Treatment. Neither Parent nor the Company shall, nor shall they permit their Subsidiaries to take, any action, and Parent and the Company shall not, and shall ensure that its Subsidiaries do not, fail to take any action which action or failure to act would prevent, or would be reasonably likely to prevent, the Merger from qualifying (a) for "pooling of interests" accounting treatment as described in Section 3.19(a) or (b) as a 368 Reorganization.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Texaco Inc), Agreement and Plan of Merger (Chevron Corp)
Tax and Accounting Treatment. (a) Neither Parent nor the Company shall, nor shall they permit their Subsidiaries to taketo, take any action, and Parent and the Company shall not, and shall ensure that its Subsidiaries do not, action or fail to take any action which action or failure to act would prevent, or would be reasonably likely to prevent, the Merger from qualifying (a) for "pooling of interests" accounting treatment as described in Section 3.19(a) under GAAP and the rules and regulations of the Commission or (b) as a 368 Reorganization.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Honeywell Inc), Agreement and Plan of Merger (Alliedsignal Inc)
