We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

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 reorganization within the meaning of Section 368(a) of the Code, and each party hereto shall use all reasonable efforts to achieve such result.

Appears in 6 contracts

Samples: Merger Agreement (Energy East Corp), Merger Agreement (Energy East Corp), Merger Agreement (CTG Resources Inc)

Tax Free Status. No party shallshall knowingly, nor shall any party knowingly permit any of its subsidiaries Subsidiaries to, take or fail to take any actions action which would, action or failure to act would be reasonably likely to, adversely affect jeopardize the status qualification of the Merger as a reorganization within the meaning of Section 368(a) 368 of the Code, and each party hereto shall use all reasonable efforts to achieve such result.

Appears in 2 contracts

Samples: Merger Agreement (Meridian Resource Corp), Merger Agreement (Cairn Energy Usa Inc)

Tax Free Status. No party shall, nor shall any party permit any --------------- of its 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 reorganization within the meaning of tax-free transaction (except as to any cash received) under Section 368(a) of the Code, and each party hereto shall use all reasonable efforts to achieve such result.

Appears in 1 contract

Samples: Merger Agreement (B E C Energy)

Tax Free Status. No party shall, nor shall any party permit any of its 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 reorganization within the meaning of tax-free transaction (except as to any cash received) under Section 368(a) of the Code, and each party hereto shall use all reasonable efforts to achieve such result.

Appears in 1 contract

Samples: Merger Agreement (Commonwealth Energy System)

Tax Free Status. No Neither party shall, --------------- nor shall any either party permit any of its subsidiaries Subsidiaries or, within the exercise of its best efforts, its Joint Ventures to, take any actions which would, or would be reasonably likely to, adversely affect the status of the Merger as a reorganization within the meaning of under Section 368(a) of the Code, and each party hereto shall use all -------------- reasonable efforts to achieve such result.

Appears in 1 contract

Samples: Merger Agreement (Upper Peninsula Energy Corp /New/)

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

Appears in 1 contract

Samples: Merger Agreement (Realnetworks Inc)

Tax Free Status. No party hereto 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 reorganization within the meaning of tax-free transaction (except as to dissenters' rights and fractional shares) under Code Section 368(a) of the Code, and each party hereto shall use all reasonable efforts to achieve such result).

Appears in 1 contract

Samples: Merger Agreement (American Eco Corp)

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 reorganization within the meaning of Section 368(atax-free transaction (except as to dissenters' rights and fractional shares) of under the Code, and each party hereto shall use all reasonable efforts to achieve such result.

Appears in 1 contract

Samples: Merger Agreement (Firstenergy Corp)

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 reorganization within the meaning of Section 368(a) of the Code, and each party hereto shall use all reasonable efforts to achieve such result.

Appears in 1 contract

Samples: Merger Agreement (Yankee Energy System Inc)

Tax Free Status. No party hereto 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 reorganization within the meaning of tax-free transaction under Code Section 368(a) of the Code, and each party hereto shall use all reasonable efforts to achieve such result).

Appears in 1 contract

Samples: Merger Agreement (Giant Group LTD)

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

Appears in 1 contract

Samples: Agreement and Plan of Merger

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 reorganization within the meaning of tax-free transaction (except as to dissenters' rights and fractional shares) under Section 368(a) of the Code, and each party hereto shall use all reasonable efforts to achieve such result.

Appears in 1 contract

Samples: Merger Agreement (Essex County Gas Company)

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 Mergers as a reorganization within tax-free transactions, both to the meaning parties and their respective stockholders (except to the extent of Section 368(a) of the Codeany cash received), and each party hereto shall use all reasonable efforts to achieve such result.

Appears in 1 contract

Samples: Merger Agreement (Nevada Power Co)