Common use of Pooling of Interests; Reorganization Clause in Contracts

Pooling of Interests; Reorganization. During the period from the date of this Agreement through the Effective Time, unless the other party shall otherwise agree in writing, none of Parent, the Company or any of their respective Subsidiaries or Affiliates over which they exercise control shall (a) knowingly take or fail to take any action which action or failure would jeopardize the treatment of the Merger as a pooling of interests for accounting purposes or (b) knowingly take or fail to take any action which action or failure would jeopardize the qualification of the Merger as a reorganization within the meaning of Section 368(a) of the Code. Between the date of this Agreement and the Effective Time, Parent and the Company each shall take all reasonable actions necessary to cause the characterization of the Merger as a pooling of interests for accounting purposes if such a characterization were jeopardized by action taken by Parent or the Company, respectively, prior to the Effective Time. Following the Effective Time, Parent shall not knowingly take any action, or fail to take any action, that would jeopardize the characterization of the Merger as a "pooling of interests" for accounting purposes. Parent shall cause financial results covering the first full month of post-Merger combined operations to be published within 75 days after the Effective Time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Proffitts Inc), Agreement and Plan of Merger (Carson Pirie Scott & Co /Il/)

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Pooling of Interests; Reorganization. During the period from the date of this Agreement through the Effective Time, unless the other party shall otherwise agree in writing, none of Parent, the Company or any of their respective Subsidiaries or Affiliates over which they exercise control shall (a) knowingly take or fail to take any action which action or failure would jeopardize the treatment of the Merger as a pooling of interests for accounting purposes or (b) knowingly take or fail to take any action which action or failure would jeopardize the qualification of the Merger as a reorganization within the meaning of Section 368(a) of the Code. Between the date of this Agreement and the Effective Time, Parent and the Company each shall take all reasonable actions necessary to cause the characterization of the Merger as a pooling of interests for accounting purposes if such a characterization were jeopardized by action taken by Parent or the Company, respectively, prior to the Effective Time. Following the Effective Time, Parent shall not knowingly take any action, or fail to take any action, that would jeopardize the characterization of the Merger as a "pooling of interests" for accounting purposes. Parent shall cause financial results covering the first full month of post-Merger combined operations to be published within 75 days after the Effective Time.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Proffitts Inc), Agreement and Plan of Merger (Proffitts Inc)

Pooling of Interests; Reorganization. During the period from the date of this Agreement through the Effective Time, unless the other party shall otherwise agree in writing, none of Parent, the Company or any of their respective Subsidiaries or Affiliates over which they exercise control shall (a) knowingly take or fail to take any action which action or failure would jeopardize the treatment of the Merger as a pooling of interests for accounting purposes or (b) knowingly take or fail to take any action which action or failure would jeopardize the qualification of the Merger as a reorganization within the meaning of Section 368(a) of the Code. Between the date of this Agreement and the Effective Time, Parent and the Company each shall take all reasonable actions (including taking all reasonable actions with respect to seeking consents from third parties) necessary to cause the characterization of the Merger as a pooling of interests for accounting purposes if such a characterization were jeopardized by action taken by Parent or the Company, respectively, prior to the Effective Time. Following the Effective Time; provided, Parent however that nothing contained herein shall not knowingly take any action, or fail require either party to take any action, that would jeopardize the characterization actions without receipt of the Merger as a "pooling of interests" for accounting purposes. Parent shall cause financial results covering the first full month of post-Merger combined operations to be published within 75 days after the Effective Timeappropriate or desirable consents from third parties.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Proffitts Inc)

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Pooling of Interests; Reorganization. During the period from the date of this Agreement through the Effective Time, unless the other party shall otherwise agree in writing, none of Parent, the Company or any of their respective Subsidiaries or Affiliates over which they exercise control shall (a) knowingly take or fail to take any action which action or failure would jeopardize the treatment of the Merger as a pooling of interests for accounting purposes or (b) knowingly take or fail to take any action which action or failure would jeopardize the qualification of the Merger as a reorganization within the meaning of Section 368(a) of the Code. Between the date of this Agreement and the Effective Time, Parent and the Company each shall take all reasonable actions (including taking all reasonable actions with respect to seeking consents from third parties) necessary to cause the characterization of the Merger as a pooling of interests for accounting purposes if such a characterization were jeopardized by action taken by Parent or the Company, respectively, prior to the Effective Time. Following the Effective Time; provided, Parent however that nothing contained herein shall not knowingly take any action, or fail require either party to take any action, that would jeopardize the characterization actions without receipt of the Merger as a "pooling of interests" for accounting purposesappropriate or desirable consents from third parties. Parent shall cause financial results covering the first full month of post-Merger combined operations to be published within 75 days after the Effective Time.Section 4.5

Appears in 1 contract

Samples: Agreement and Plan of Merger (Saks Holdings Inc)

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