Accounting and Tax Treatment. Each of the Parties undertakes and agrees to use its reasonable efforts to cause the Merger to qualify, and to take no action which would cause the Merger not to qualify, for treatment as a pooling of interests for accounting purposes and as a "reorganization" within the meaning of Section 368(a) of the Internal Revenue Code for federal income tax purposes.
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (Triangle Bancorp Inc), Agreement and Plan of Reorganization (Triangle Bancorp Inc)
Accounting and Tax Treatment. Each of the Parties undertakes and agrees to use its commercially reasonable efforts to cause the Merger to qualifyMerger, and to take no action which would cause the Merger not not, to qualify, qualify for treatment as a pooling of interests for accounting purposes and or as a "reorganization" within the meaning of Section 368(a) of the Internal Revenue Code for federal income tax purposes.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Gulf South Medical Supply Inc), Agreement and Plan of Merger (Gulf South Medical Supply Inc)
Accounting and Tax Treatment. Each of the Parties undertakes and agrees to use its reasonable efforts to cause the Merger to qualifyMergers, and to use its reasonable efforts to take no action which would cause the Merger not Mergers not, to qualify, for treatment as a pooling of interests for accounting purposes and qualify as a "reorganization" within the meaning of Section 368(a) of the Internal Revenue Code for federal income tax purposes.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Capital City Bank Group Inc), Agreement and Plan of Merger (Capital City Bank Group Inc)
Accounting and Tax Treatment. Each of the Parties undertakes and ---------------------------- agrees to use its reasonable efforts to cause the Merger to qualifyMerger, and to take no action which would cause the Merger not not, to qualify, qualify for treatment as a pooling of interests for accounting purposes and or as a "reorganization" within the meaning of Section 368(a) of the Internal Revenue Code for federal income tax purposes.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Acsys Inc), Agreement and Plan of Merger (First Southern Bankshares Inc/Ga)
Accounting and Tax Treatment. Each of the Parties undertakes and agrees to use its commercially reasonable best efforts to cause the Merger to qualifyMerger, and to take no action which would cause the Merger not not, to qualify, qualify for "pooling-of-interests" accounting treatment as a pooling consistent with GAAP and the rules and regulations of interests for accounting purposes the SEC and treatment as a "reorganization" within the meaning of Section 368(a) of the Internal Revenue Code for federal income tax purposes.
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization and Merger (LSB Bancshares Inc /Nc/), Agreement and Plan of Reorganization and Merger (LSB Bancshares Inc /Nc/)
Accounting and Tax Treatment. Each of the Parties undertakes and agrees to use its reasonable efforts to cause the Merger to qualifyMerger, and to take no action which would cause the Merger not not, to qualify, qualify for treatment as a pooling of pooling-of-interests for accounting purposes and or as a "reorganization" within the meaning of Section 368(a) of the Internal Revenue Code for federal income tax purposes.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Union Planters Corp)
Accounting and Tax Treatment. Each of the Parties undertakes and agrees to use its reasonable efforts to cause the Merger to qualifyMerger, and to take no action which would cause the Merger not not, to qualify, qualify for treatment as a pooling of interests for accounting purposes and each of the Parties agrees to take no action which would cause the Merger not to qualify as a "reorganization" within the meaning of Section 368(a) of the Internal Revenue Code for federal income tax purposes.
Appears in 1 contract
Samples: Agreement and Plan of Reorganization (Healtheon Corp)
Accounting and Tax Treatment. Each of the Parties undertakes and agrees to use its reasonable efforts to cause the Merger to qualifyMerger, and to take no action which would cause the Merger not not, to qualify, qualify for pooling-of-interests accounting treatment and treatment as a pooling of interests for accounting purposes and as a "reorganization" within the meaning of Section 368(a) of the Internal Revenue Code for federal income tax purposes.a
Appears in 1 contract
Accounting and Tax Treatment. Each of the Parties undertakes and agrees to use its reasonable efforts to cause the Merger to qualifyMergers, and to use its reasonable efforts to take no action which would cause the Merger not Mergers not, to qualify, for treatment qualify as a pooling of interests for accounting purposes and as a "βreorganization" β within the meaning of Section 368(a) of the Internal Revenue Code for federal income tax purposes.
Appears in 1 contract
Samples: Agreement and Plan of Merger (1st United Bancorp, Inc.)
Accounting and Tax Treatment. Each of the Parties undertakes and ------------------------------- agrees to use its reasonable efforts to cause the Merger to qualify, and to take no action which would cause the Merger not to qualify, for treatment as a pooling of interests for accounting purposes and as a "reorganization" within the meaning of Section 368(a) of the Internal Revenue Code for federal income tax purposes.
Appears in 1 contract
Accounting and Tax Treatment. Each of the Parties undertakes and ---------------------------- agrees to use its reasonable efforts to cause the Merger to qualify, and to take no action which would cause the Merger not to qualify, qualify for treatment as a pooling of interests for accounting purposes and as a "reorganization" within the meaning of Section 368(a) of the Internal Revenue Code for federal income tax purposes. The Merger will be accounted for as a purchase transaction.
Appears in 1 contract
Accounting and Tax Treatment. Each of the Parties undertakes and ---------------------------- agrees to use its reasonable efforts to cause the Merger to qualifyMerger, and to take no action which would cause the Merger not not, to qualify, for qualify treatment as a pooling of interests for accounting purposes and or as a "reorganization" within the meaning of Section 368(a) of the Internal Revenue Code for federal income tax purposes.
Appears in 1 contract
Accounting and Tax Treatment. Each Notwithstanding anything to the ---------------------------- contrary in this Agreement, each of the Parties undertakes and agrees to use its reasonable efforts to cause the Merger to qualifyMerger, and to take no action which would cause the Merger not not, to qualify, for qualify treatment as a pooling of interests for accounting purposes and or as a "reorganization" within the meaning of Section 368(a) of the Internal Revenue Code for federal income tax purposes.
Appears in 1 contract
Accounting and Tax Treatment. Each of the Parties undertakes and agrees to use its reasonable efforts to cause the Merger to qualifyMergers, and to use its reasonable efforts to take no action which would cause the Merger not Mergers not, to qualify, for treatment as a pooling of interests for accounting purposes and qualify as a "reorganization" within the meaning of Section 368(a) of the Internal Revenue Code for federal income tax purposes.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Capital City Bank Group Inc)
