Common use of Tax and Accounting Consequences Clause in Contracts

Tax and Accounting Consequences. It is intended by the parties hereto that the Merger shall constitute a reorganization within the meaning of Section 368 of the Code. Each party has consulted with its own tax advisors and accountants with respect to the tax and accounting consequences, respectively, of the Merger.

Appears in 2 contracts

Samples: Consulting Agreement (Usa Dealers Auction Com Inc), Merger Agreement and Plan of Reorganization (Usa Dealers Auction Com Inc)

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Tax and Accounting Consequences. It is intended by the parties hereto that the Merger shall constitute a reorganization within the meaning of Section 368 of the CodeInternal Revenue Code of 1986, as amended (the "CODE"). It is intended by the parties hereto that the Merger be treated as a purchase for financial accounting purposes. Each party has consulted with its own tax advisors and accountants with respect to the tax and accounting consequences, respectively, of the Merger.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Commerce One Inc), Agreement and Plan of Reorganization (Commerce One Inc)

Tax and Accounting Consequences. It is intended by the parties hereto that the Merger shall will (i) constitute a tax-free reorganization within the meaning of Section 368 368(a)(1)(A) of the Code. Each party has consulted with its own tax advisors Internal Revenue Code of 1986, as amended (the "CODE") and accountants with respect to the tax and (ii) qualify for accounting consequences, respectively, treatment as a pooling of the Mergerinterests.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Data Dimensions Inc)

Tax and Accounting Consequences. It is intended by the parties Parties hereto that the Merger shall (i) constitute a reorganization within the meaning of Section 368 368(a) of the Code and as a transaction described in Section 351 of the Code, and (ii) qualify for accounting treatment as a purchase. Each party Party has consulted with its own tax advisors and accountants with respect to the tax and accounting consequences, respectively, of the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Infospace Com Inc)

Tax and Accounting Consequences. It is intended by the parties hereto that the Merger shall constitute a reorganization within the meaning of Section 368 of the Code. Each party has consulted with its own tax advisors and accountants with respect to It is intended by the tax and parties hereto that the Merger be treated as a purchase transaction for financial accounting consequences, respectively, of the Mergerpurposes.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Intraware Inc)

Tax and Accounting Consequences. It is intended by the parties Parties hereto that the Merger shall (i) constitute a reorganization within the meaning of Section 368 of the CodeInternal Revenue Code of 1986, as amended (the "CODE") and (ii) qualify for accounting treatment as a pooling of interests. Each party Party has consulted with its own tax advisors and accountants with respect to the tax and accounting consequences, respectively, of the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Gadzoox Networks Inc)

Tax and Accounting Consequences. It is intended by the parties hereto that the Merger shall (i) constitute a reorganization within the meaning of Section 368 of the Code. Each party has consulted with its own tax advisors Internal Revenue Code of 1986, as amended (the "CODE") and accountants with respect to the tax and (ii) qualify for accounting consequences, respectively, treatment as a pooling of the Mergerinterests.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Informix Corp)

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Tax and Accounting Consequences. It is intended by the parties hereto that the Merger shall constitute a reorganization within the meaning of Section 368 of the Code. Each party has consulted with its own tax advisors and accountants with respect to Internal Revenue Code of 1986, as amended (the tax and accounting consequences, respectively, of the Merger"CODE").

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Tangible Asset Galleries Inc)

Tax and Accounting Consequences. It is intended by the parties hereto that the Merger shall constitute a reorganization within the meaning of Section 368 of the CodeCode and constitute a pooling of interest for accounting purposes and each of the parties agrees to take all actions reasonably necessary to assure that the Merger will qualify for such treatment. Each party has consulted with its own tax advisors and accountants with respect to the tax and accounting consequences, respectively, of the Merger.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Cybergold Inc)

Tax and Accounting Consequences. It is intended by the parties hereto that the Merger shall constitute a reorganization within the meaning of Section 368 of the CodeInternal Revenue Code of 1986, as amended (the "CODE"). Each party has consulted with its own tax advisors and accountants with respect to It is intended by the tax and parties hereto that the Merger be treated as a pooling of interests for financial accounting consequences, respectively, of the Mergerpurposes.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Intraware Inc)

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