PRESERVATION OF TAX AND ACCOUNTING TREATMENT. Except as contemplated by this Agreement or the Registration Statement, after the Funding and Consummation Date, Home shall not and shall not permit any of its subsidiaries to undertake any act that would jeopardize the tax-free status of the organization, including without limitation: (a) the retirement or reacquisition, directly or indirectly, of all or part of the Home Stock issued in connection with the transactions contemplated hereby; or (b) the entering into of financial arrangements for the benefit of the Stockholders.
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Samples: Merger Agreement (Homeusa Inc), Agreement and Plan of Organization (Homeusa Inc), Merger Agreement (Homeusa Inc)
PRESERVATION OF TAX AND ACCOUNTING TREATMENT. Except as contemplated by this Agreement or the Registration Statement, after the Funding and Consummation Date, Home shall not and shall not permit any of its subsidiaries to undertake any act that would jeopardize the tax-free status of the organization, including without limitation:
(a) the retirement or reacquisition, directly or indirectly, of all or part of the Home Stock issued in connection with the transactions contemplated hereby; or
(b) the entering into of financial arrangements for the benefit of the StockholdersStockholder.
Appears in 2 contracts
Samples: Merger Agreement (Homeusa Inc), Merger Agreement (Homeusa Inc)
PRESERVATION OF TAX AND ACCOUNTING TREATMENT. Except as contemplated by this Agreement or the Registration Statement, after the Funding and Consummation Date, Home shall not and shall not permit any of its subsidiaries to undertake any act that would jeopardize the tax-free status of the organization, including without limitation:
(a) the retirement or reacquisition, directly or indirectly, of all or part of the Home Stock issued in connection with the transactions contemplated hereby; or
(b) the entering into of financial arrangements for the benefit of the StockholdersOwners.
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