APB 16 definition
Examples of APB 16 in a sentence
As of the date hereof, to the knowledge of Phone, none of Phone, any of its subsidiaries or any of their respective directors, officers or stockholders, has taken any action which would prevent the accounting for the Merger as a pooling of interests in accordance with Accounting Principles Board Opinion No. 16 ("APB 16") and the interpretative releases pursuant thereto and the pronouncements of the SEC.
As of the date hereof, to the knowledge of ▇▇▇▇▇▇▇▇.▇▇▇, none of ▇▇▇▇▇▇▇▇.▇▇▇, any of its subsidiaries or any of their respective directors, officers or stockholders, has taken any action which would prevent the accounting for the Merger as a pooling of interests in accordance with APB 16, the interpretative releases pursuant thereto and the pronouncements of the SEC.
Parent has not failed to bring to the attention of the Company any actions, agreements or understandings, whether written or oral, that would be reasonably likely to prevent Parent from accounting for the Merger as a "pooling of interests" under APB 16 and the applicable SEC rules and regulations.
The Company knows of no reasons why the Merger will not be capable of being treated as a pooling of interest transaction under APB 16.
Parent knows of no reason why the Merger will not be capable of being treated as a pooling of interest transaction under APB 16.
Neither Parent nor any of its Subsidiaries nor to its knowledge any other Affiliate of Parent has taken any action that will prevent the Merger from being recorded as a pooling of interest transaction under APB 16.
Neither Parent nor, to Parent's knowledge, any of its affiliates, has taken or agreed to take any action or is aware of any fact or circumstance that would prevent the Merger from qualifying as a "pooling of interests" under APB 16 and the applicable SEC rules and regulations.
Each party hereto shall use all reasonable efforts to cause the Merger to qualify, and shall not take, and shall use all reasonable efforts to prevent any affiliate of such party from taking, any actions that could prevent the Merger from qualifying, as a reorganization under the provisions of section 368(a) of the Code or from qualifying for the "pooling of interests" method of accounting as provided in APB 16.
For financial reporting purposes, the Merger is intended to be accounted for as a "pooling-of-interests" transaction under APB 16 and the Regulations of the SEC.
Neither the Company nor any of its Subsidiaries nor (to the Company's knowledge) any other Affiliate of the Company has taken any action that will prevent the Merger from being recorded as a pooling of interest transaction under APB 16.