Common use of Tax and Regulatory Matters Clause in Contracts

Tax and Regulatory Matters. Neither BB&T nor any BB&T Subsidiary has taken or agreed to take any action which would or could reasonably be expected to (i) cause the Merger not to be accounted for as a pooling-of-interests or not to constitute a reorganization under Section 368 of the Code, or (ii) materially impede or delay receipt of any consents of regulatory authorities referred to in Section 5.4(b) or result in failure of the condition in Section 6.3(b).

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (First Citizens Corp /Ga/), Agreement and Plan of Reorganization (First Liberty Financial Corp), Agreement and Plan of Reorganization (First Banking Co of Southeast Georgia)

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Tax and Regulatory Matters. Neither BB&T nor any BB&T Subsidiary has taken or agreed to take any action action, or knows of any circumstance, which would or could reasonably be expected to (i) cause the Merger not to be accounted for as a pooling-of-interests or not to constitute a reorganization under Section 368 of the Code, or (ii) materially impede or delay receipt of any consents of regulatory authorities referred to in Section 5.4(b) or result in failure of the condition in Section 6.3(b).

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Republic Bancshares Inc), Agreement and Plan of Reorganization (First Virginia Banks Inc)

Tax and Regulatory Matters. Neither BB&T nor any BB&T Subsidiary has taken or agreed to take any action which would or could reasonably be expected to (i) cause the Merger not to be accounted for as a pooling-of-interests or not to constitute a reorganization under Section 368 of the Code, or (ii) materially impede or delay receipt of any consents of regulatory authorities referred to in Section 5.4(b) or result in failure of the condition in Section 6.3(b).

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Matewan Bancshares Inc), Agreement and Plan (Firstspartan Financial Corp)

Tax and Regulatory Matters. Neither BB&T nor any BB&T Subsidiary has taken or agreed to take any action action, and has no Knowledge of any fact or circumstance, which would or could is reasonably be expected likely to (i) cause the Merger not to be accounted for as a pooling-of-interests or not to constitute a reorganization under Section 368 368(a) of the Code, Code or (ii) materially impede or delay receipt of any consents of regulatory authorities referred to in Section 5.4(b) or result in failure of the condition in Section 6.3(b).

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Premier Bancshares Inc /Ga)

Tax and Regulatory Matters. Neither BB&T nor any BB&T Subsidiary has taken or agreed to take any action action, or knows of any circumstance, which would or could reasonably be expected to (i) cause the he Merger not to be accounted for as a pooling-of-interests or not to constitute a reorganization under Section 368 of the Code, or (ii) materially impede or delay receipt of any consents of regulatory authorities referred to in Section 5.4(b) or result in failure of the condition in Section 6.3(b).

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Republic Bancshares Inc)

Tax and Regulatory Matters. Neither BB&T nor any BB&T Subsidiary has taken or agreed to take any action which would or could reasonably be expected to (i) cause the Merger not to be accounted for as a pooling-of-interests or not to constitute a reorganization under Section 368 of the Code, or (ii) materially impede or delay receipt of any consents of regulatory authorities referred to in Section 5.4(b) or result in failure of the condition in Section 6.3(b).; provided, that nothing that nothing contained herein shall limit the ability of BB&T to exercise its rights under the BB&T Option Agreement,

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Bankfirst Corp)

Tax and Regulatory Matters. Neither BB&T nor any BB&T Subsidiary has taken or agreed to take any action which would or could reasonably be expected to (i) cause the Merger not to be accounted for as a pooling-of-interests interest or not to constitute a reorganization under Section 368 of the Code, or (ii) materially impede or delay receipt of any consents of regulatory authorities referred to in Section 5.4(b) or result in failure of the condition in Section 6.3(b).

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Life Bancorp Inc)

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Tax and Regulatory Matters. Neither BB&T nor any BB&T Subsidiary has taken or agreed to take any action which would or could reasonably be expected to (i) cause the Merger not to be accounted for as a pooling-of-interests or not to constitute a reorganization under Section 368 of the Code, or (ii) materially impede or delay receipt of any consents of regulatory authorities referred to in Section 5.4(b) or result in failure of the condition in Section 6.3(b).; provided, that nothing contained herein shall limit the ability of BB&T to exercise its rights under the BB&T Option Agreement,

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Floridafirst Bancorp Inc)

Tax and Regulatory Matters. Neither BB&T nor any BB&T Subsidiary has taken or agreed to take any action which would or could reasonably be expected to (i) cause the Merger not to be accounted for as a pooling-of-interests or not to constitute a reorganization under Section 368 of the Code, or (ii) ii)<-1- 95>materially impede or delay receipt of any consents of regulatory authorities referred to in Section 5.4(b) or result in failure of the condition in Section 6.3(b).

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Virginia Capital Bancshares Inc)

Tax and Regulatory Matters. Neither BB&T nor any BB&T Subsidiary has taken or agreed to take any action which would or could reasonably be expected to (i) cause the Merger not to be accounted for as a pooling-of-interests or not to constitute a reorganization under Section 368 of the Code, provided, however, that nothing contained herein shall limit the ability of BB&T to exercise its rights under the BB&T Option Agreement, or (ii) materially impede or delay receipt of any consents of regulatory authorities referred to in Section 5.4(b) hereof or result in failure of the condition in Section 6.3(b)) hereof.

Appears in 1 contract

Samples: Employment Agreement (Maryland Federal Bancorp Inc)

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