CONDITIONS TO OBLIGATIONS OF THE SELLING CORPORATION. AND THE BUYING CORPORATION. The obligations of each of the Selling Corporations and the Buying Corporations with respect to each Reorganization are subject to the satisfaction of the following conditions: Tax Opinion. With respect to the Reorganization between a Selling Fund and its corresponding Buying Fund, the Selling Fund shall have received an opinion of Ropes & Xxxx LLP satisfactory to such Selling Fund, and the Buying Fund shall have received an opinion of Ropes & Xxxx LLP satisfactory to such Buying Fund, each substantially to the effect that, on the basis of existing provisions of the Code, Treasury regulations promulgated thereunder, current administrative rules, pronouncements and court decisions, although the matter is not free from doubt, generally for federal income tax purposes:
Appears in 4 contracts
Samples: Agreement and Plan of Reorganization (Riversource Strategy Series, Inc.), Agreement and Plan of Reorganization (Seligman Growth Fund Inc), Agreement and Plan of Reorganization (Seligman Value Fund Series Inc)
