PARENT’S UNDERTAKINGS. Parent will not, directly or indirectly, take (and will use reasonable efforts to prevent any affiliate of the Company from taking) any action that would cause the Merger not to be treated as a reorganization within the meaning of Section 368(a) of the Code. Parent shall as promptly as practicable following the date hereof apply for approval for listing of Parent Common Stock to be issued pursuant to the Merger on the Nasdaq National Market ("NMS") upon official notice of issuance.
Appears in 2 contracts
Samples: Agreement and Plan of Merger and Reorganization (CRW Financial Inc /De), Agreement and Plan of Merger and Reorganization (Telespectrum Worldwide Inc)
PARENT’S UNDERTAKINGS. Parent will not, directly or indirectly, take (and will use reasonable efforts to prevent any affiliate of the Company Parent from taking) any action that would cause the Merger not to be treated as a reorganization within the meaning of Section 368(a) of the CodeCode or would prevent or impede the Merger from qualifying as a "pooling of interests" for accounting purposes. Parent shall as promptly as practicable following the date hereof apply for approval for listing of Parent Common Stock to be issued pursuant to the Merger on the Nasdaq National Market ("NMS") upon official notice of issuance.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Zany Brainy Inc), Agreement and Plan of Merger (Zany Brainy Inc)
