Common use of Opinion of Parent’s Tax Counsel Clause in Contracts

Opinion of Parent’s Tax Counsel. Parent shall have received an opinion of Sxxxxxxx & Cxxxxxxx LLP, dated the Closing Date and based on facts, representations and assumptions described in each such opinion, to the effect that the Merger will be treated as a reorganization within the meaning of Section 368(a) of the Code and that both Company and Parent will be a party to that reorganization within the meaning of Section 368(b) of the Code. In rendering such opinion, Sxxxxxxx & Cxxxxxxx LLP will be entitled to receive and rely upon customary certificates and representations of officers of Parent and the Company.

Appears in 2 contracts

Samples: Merger Agreement (Summit Bancshares Inc /Tx/), Merger Agreement (Cullen Frost Bankers Inc)

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Opinion of Parent’s Tax Counsel. Parent shall have received an opinion of Sxxxxxxx & Cxxxxxxx LLP, dated the Closing Date and based on facts, representations and assumptions described in each such opinion, to the effect that the Merger Transaction will be treated as a reorganization within the meaning of Section 368(a) of the Code and that both Company and Parent will be a party to that reorganization within the meaning of Section 368(b) of the Code. In rendering such opinion, Sxxxxxxx & Cxxxxxxx LLP will be entitled to receive and rely upon customary certificates and representations of officers of Parent and the Company.. 35

Appears in 1 contract

Samples: Merger Agreement (M&t Bank Corp)

Opinion of Parent’s Tax Counsel. Parent shall have received an opinion of Sxxxxxxx Xxxxxxxx & Cxxxxxxx Xxxxxxxx LLP, dated the Closing Date and based on facts, representations and assumptions described in each such opinion, to the effect that the Merger Transaction will be treated as a reorganization within the meaning of Section 368(a) of the Code and that both Company and Parent will be a party to that reorganization within the meaning of Section 368(b) of the Code. In rendering such opinion, Sxxxxxxx Xxxxxxxx & Cxxxxxxx Xxxxxxxx LLP will be entitled to receive and rely upon customary certificates and representations of officers of Parent and the Company.

Appears in 1 contract

Samples: Merger Agreement (Partners Trust Financial Group Inc)

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Opinion of Parent’s Tax Counsel. Parent shall have received an opinion of Sxxxxxxx Xxxxxxxx & Cxxxxxxx Xxxxxxxx LLP, dated the Closing Date and based on facts, representations and assumptions described in each such opinion, to the effect that the Merger will be treated as a reorganization within the meaning of Section 368(a) of the Code and that both Company and Parent will be a party to that reorganization within the meaning of Section 368(b) of the Code. In rendering such opinion, Sxxxxxxx Xxxxxxxx & Cxxxxxxx Xxxxxxxx LLP will be entitled to receive and rely upon customary certificates and representations of officers of Parent and the Company.

Appears in 1 contract

Samples: Merger Agreement (Cullen Frost Bankers Inc)

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