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: Agreement and Plan of Merger (Energy East Corp), Agreement and Plan of Merger (CTG Resources Inc), Agreement and Plan of Merger (Northeast Utilities System)
Tax Free Status. No party shall, nor shall any party permit any of its subsidiaries 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 (i) upon the meaning exercise of dissenters' rights or (ii) for 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: Agreement and Plan of Merger (Puget Sound Power & Light Co /Wa/)
