Accounting Methods; Income Tax Elections. Except as disclosed in ---------------------------------------- Company SEC Reports filed before the date of this Agreement, or as required by a Governmental Entity, the Company shall not change its methods of accounting in effect at December 31, 1997, except as required by changes in GAAP as concurred in by the Company's independent auditors. The Company shall not (i) change its fiscal year or (ii) make any material tax election, other than in the ordinary course of business consistent with past practice, without consultation with Parent.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Armstrong World Industries Inc), Agreement and Plan of Merger (Armstrong World Industries Inc), Agreement and Plan of Merger (Triangle Pacific Corp)
Accounting Methods; Income Tax Elections. Except as disclosed in ---------------------------------------- the Company SEC Reports filed before prior to the date of this Agreement, or as required by a Governmental Entity, the Company shall not change its methods of accounting in effect at December March 31, 19972002, except as required by changes in GAAP as concurred in by the Company's independent auditorspublic accountants. The Company shall not (i) change its fiscal year or (ii) make or change any material tax election, other than in the ordinary course of business consistent with past practicesettle or compromise any material tax liability or claim for refund, without consultation with the prior written consent of Parent.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Pharmacia Corp /De/), Agreement and Plan of Merger (Pfizer Inc)
Accounting Methods; Income Tax Elections. Except as disclosed in ---------------------------------------- Company SEC Reports filed before the date of this Agreement, or as required by a Governmental Entity, the Company shall not change its methods of accounting in effect at December 31, 1997, except as required by changes in GAAP as concurred in by the Company's independent auditors. The Company shall not (i) change its fiscal year or (ii) make any material tax election, other than in the ordinary course of business consistent with past practice, without consultation with Parent.
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (Fairchild Corp), Agreement and Plan of Reorganization (Kaynar Technologies Inc)
Accounting Methods; Income Tax Elections. Except as disclosed in ---------------------------------------- Company SEC Reports filed before the date of this Agreement, or as required by a Governmental Entity, the Company shall not change its methods of accounting in effect at December 31, 1997, except as required by changes in GAAP as concurred in by the Company's independent auditors. The Company shall not (i) change its fiscal year or (ii) make any material tax election, other than in the ordinary course of business consistent with past practice, without consultation with Parent.
Appears in 1 contract
Samples: Agreement and Plan of Merger (Triangle Pacific Corp)
