Common use of Covenant Relating to the Tax Status of the Agreement Clause in Contracts

Covenant Relating to the Tax Status of the Agreement. Neither Parent nor the Company shall take or cause to be taken any action, whether before or after the Effective Time, that would disqualify or would reasonably be expected to disqualify the Merger as a “reorganization” within the meaning of Section 368(a) of the Code.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Bank of Marin Bancorp), Agreement and Plan of Merger (Bank of Marin Bancorp), Agreement and Plan of Merger (Community Bancorp Inc)

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Covenant Relating to the Tax Status of the Agreement. Neither Parent nor the Company Parent, Bank or Napa shall take or cause to be taken any action, whether before or after the Effective Time, that would disqualify or would reasonably be expected to disqualify the Merger as a “reorganization” within the meaning of Section 368(a) of the Code.

Appears in 1 contract

Samples: Agreement to Merge and Plan of Reorganization (Bank of Marin Bancorp)

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