Common use of Pooling Letter Clause in Contracts

Pooling Letter. Parent has received a letter from KPMG Peat Marwick, LLP dated as of the date hereof and addressed to Parent, a copy of which has been delivered to Company, stating that, as of the date hereof, based on their best judgment regarding the application of GAAP and the published rules and regulations of the SEC relative to matters of accounting for business combinations, no conditions exist which would preclude Parent from accounting for the Merger as a "pooling of interests".