Common use of Tax and Regulatory Matters Clause in Contracts

Tax and Regulatory Matters. No WSFS Entity or, to the Knowledge of WSFS, any Affiliate thereof has taken or agreed to take any action, and WSFS does not have any Knowledge of any agreement, plan or other circumstance, that is reasonably likely to (a) prevent the Merger or the Bank Merger from qualifying as a “reorganization” within the meaning of Section 368(a) of the Internal Revenue Code or (b) materially impede or delay receipt of any of the Requisite Regulatory Approvals.

Appears in 4 contracts

Samples: Merger Agreement (WSFS Financial Corp), Merger Agreement (Bryn Mawr Bank Corp), Merger Agreement (Beneficial Bancorp Inc.)

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Tax and Regulatory Matters. No WSFS Entity or, to the Knowledge of WSFS, any Affiliate thereof has taken or agreed to take any action, and WSFS does not have any Knowledge of any agreement, plan or other circumstance, that is reasonably likely to (ai) prevent the Merger or the Bank Merger from qualifying as a “reorganization” within the meaning of Section 368(a) of the Internal Revenue Code Code, or (bii) materially impede or delay receipt of any of the Requisite Regulatory Approvals.

Appears in 3 contracts

Samples: Merger Agreement (WSFS Financial Corp), Merger Agreement (WSFS Financial Corp), Agreement and Plan of Reorganization (Alliance Bancorp, Inc. Of Pennsylvania)

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