Common use of Reorganization Tax Opinion Clause in Contracts

Reorganization Tax Opinion. Summit shall have received the opinion of Xxxxxx Xxxx LLP, counsel to Summit, dated the Closing Date, to the effect that the Merger shall be treated as a reorganization within the meaning of Section 368(a) of the Code. In rendering such opinion, counsel to Summit shall be entitled to rely upon customary assumptions and representations provided by Summit and PSB.

Reorganization Tax Opinion. Summit shall have received the opinion of Xxxxxx Xxxx Hunton Xxxxxxx Xxxxx LLP, counsel to Summit, dated the Closing Date, to the effect that the Merger shall be treated as a reorganization within the meaning of Section 368(a) of the Code. In rendering such opinion, counsel to Summit shall be entitled to rely upon customary assumptions and representations provided by Summit and PSBCornerstone.

Reorganization Tax Opinion. Summit shall have received the opinion of Xxxxxx Xxxx LLP, counsel to Summit, dated the Closing Date, to the effect that the Merger shall be treated as a reorganization within the meaning of Section 368(a) of the Code. In rendering such opinion, counsel to Summit shall be entitled to rely upon customary assumptions and representations provided by Summit and PSBPeoples.

Reorganization Tax Opinion. Summit shall have received the opinion of Xxxxxx Xxxx Hunton & Xxxxxxxx LLP, counsel to Summit, dated the Closing Date, to the effect that the Merger shall be treated as a reorganization within the meaning of Section 368(a) of the Code. In rendering such opinion, counsel to Summit shall be entitled to rely upon customary assumptions and representations provided by Summit and PSB.First Century. 50