Common use of Tax Efficiency Clause in Contracts

Tax Efficiency. The Company shall, and shall cause its Subsidiaries to, cooperate in good faith with Parent and Merger Sub and take those reasonable actions as the Company deems appropriate in its sole and absolute discretion (to be effective as of or immediately prior to the Effective Time), in order to effectuate the transactions in the most Tax efficient manner to Parent and Merger Sub.

Appears in 2 contracts

Sources: Merger Agreement (Lecroy Corp), Merger Agreement (Teledyne Technologies Inc)