Accounting for the Merger; Reorganization. As of the date hereof, Sovereign does not have any reason to believe that the Merger will fail to qualify (i) for pooling-of-interests treatment under GAAP, assuming compliance by ML and Sovereign with the requirements of Section 4.16 hereof, or (ii) as a reorganization under Section 368(a) of the IRC.
Appears in 2 contracts
Samples: Stock Option Agreement (Sovereign Bancorp Inc), Stock Option Agreement (Ml Bancorp Inc)
Accounting for the Merger; Reorganization. As of the date hereof, Sovereign does not have any reason to believe that the Merger will fail to qualify (i) for pooling-of-interests treatment under GAAP, assuming compliance by ML and Sovereign with the requirements of Section 4.16 hereof, or (ii) as a reorganization under Section 368(a) of the IRC.
Appears in 1 contract
Accounting for the Merger; Reorganization. As of the date hereof, Sovereign does not have any reason to believe that the Merger will fail to qualify (i) for pooling-of-interests treatment under GAAP, assuming compliance by ML and Sovereign with the requirements of Section 4.16 hereof, or (ii) as a reorganization under Section 368(a) of the IRC.. Section 3.19
Appears in 1 contract
Samples: Annex a Agreement and Plan of Merger (Sovereign Bancorp Inc)
