Common use of Tax Free Status Clause in Contracts

Tax Free Status. No party shall, nor shall any party permit any of its Subsidiaries to, take any actions which would, or would be reasonably likely to, adversely affect the status of the Merger as a tax-free transaction (except as to dissenters' rights and fractional shares) under the Code. 6.20

Appears in 1 contract

Samples: Viii 10 Agreement and Plan of Merger (Firstenergy Corp)

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Tax Free Status. No party shall, nor shall any party permit any of its Subsidiaries subsidiaries to, or within the exercise of its reasonable best efforts its joint ventures to, take any actions which would, or would be reasonably likely to, adversely affect the status of the Merger Mergers as a tax-free transaction (except as to dissenters' rights and fractional sharesany cash received) under Section 368(a) of the Code. 6.20, and each party hereto shall use all reasonable efforts to achieve such result.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Commonwealth Energy System)

Tax Free Status. No party hereto shall, nor --------------- shall any party permit any of its Subsidiaries subsidiaries to, take any actions which would, or would be reasonably likely to, adversely affect the status of the Merger as a tax-free transaction (except as to dissenters' rights and fractional shares) under the Code. 6.20Code Section 368(a).

Appears in 1 contract

Samples: Agreement and Plan of Merger (American Eco Corp)

Tax Free Status. No party shall, shall nor shall any party permit any of its Subsidiaries to, subsidiaries to take any actions action which would, or would be reasonably likely to, adversely affect the status of the Merger as a tax-free transaction (except as to cash received upon the exercise of dissenters' rights and fractional sharesrights) under Section 368(a) of the Code. 6.20.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Realnetworks Inc)

Tax Free Status. No party shall, nor shall any party permit any --------------- of its Subsidiaries subsidiaries to, take any actions which would, or would be reasonably likely to, adversely affect the status of the Merger as a tax-free transaction (except as to dissenters' rights and fractional sharesreorganization within the meaning of Section 368(a) under of the Code. 6.20, and each party hereto shall use all reasonable efforts to achieve such result.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Yankee Energy System Inc)

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Tax Free Status. No party shall, nor shall any party permit any --------------- of its Subsidiaries subsidiaries to, or within the exercise of its reasonable best efforts its joint ventures to, take any actions which would, or would be reasonably likely to, adversely affect the status of the Merger Mergers as a tax-free transaction (except as to dissenters' rights and fractional sharesany cash received) under Section 368(a) of the Code. 6.20, and each party hereto shall use all reasonable efforts to achieve such result.

Appears in 1 contract

Samples: Agreement and Plan of Merger (B E C Energy)

Tax Free Status. No party hereto shall, nor shall --------------- any party permit any of its Subsidiaries subsidiaries to, take any actions which would, or would be reasonably likely to, adversely affect the status of the Merger as a tax-free transaction (except as to dissenters' rights and fractional shares) under the Code. 6.20Code Section 368(a).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Giant Group LTD)

Tax Free Status. No party shall, nor shall any party permit any of its Subsidiaries subsidiaries to, take any actions which would, or would be reasonably likely to, adversely affect the status of the Merger Mergers as a tax-free transaction transactions, both to the parties and their respective stockholders (except as to dissenters' rights the extent of any cash received), and fractional shares) under the Code. 6.20each party hereto shall use all reasonable efforts to achieve such result.

Appears in 1 contract

Samples: Employment Agreement (Nevada Power Co)

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