Common use of NO GAIN OR LOSS Clause in Contracts

NO GAIN OR LOSS. No gain or loss will be recognized by Old Kent on the constructive acquisition by Old Kent of substantially all of the assets of Grand Premier in exchange for Old Kent Capital Stock and the assumption by Old Kent of the liabilities of Grand Premier.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Grand Premier Financial Inc), Old Kent Financial Corp /Mi/

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NO GAIN OR LOSS. No gain or loss will be recognized by Old Kent on the constructive acquisition by Old Kent of substantially all of the assets of Grand Premier Merchants in exchange for Old Kent Capital Common Stock and the assumption by Old Kent of the liabilities of Grand PremierMerchants.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Merchants Bancorp Inc/De/)

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NO GAIN OR LOSS. No gain or loss will be recognized by Old Kent on the constructive acquisition by Old Kent of substantially all of the assets of Grand Premier Home in exchange for Old Kent Capital Common Stock and the assumption by Old Kent of the liabilities of Grand PremierHome.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Old Kent Financial Corp /Mi/)

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