Common use of Tax Legislation Clause in Contracts

Tax Legislation. There shall be no proposed legislation introduced in bill xxxm and pending congressional action which, if passed, would have the effect of amending the Internal Revenue Code so as to alter in any materially adverse respect any of the tax consequences prescribed by the Private Letter Ruling or the tax opinions contemplated by paragraphs (d) and (e) above.

Appears in 2 contracts

Samples: Merger Agreement (Ralcorp Holdings Inc), Merger Agreement (New Ralcorp Holdings Inc)

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Tax Legislation. There shall be no proposed legislation introduced in bill xxxm and pending congressional action which, if passed, would have the effect of amending the Internal Revenue Code so as to alter in any materially adverse respect any of the tax consequences prescribed by the Private Letter Ruling or the tax opinions contemplated by paragraphs (d) and (e) abovein lieu thereof.

Appears in 1 contract

Samples: Merger Agreement (Grand Casinos Inc)

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Tax Legislation. There shall be no proposed legislation introduced in bill xxxm xxxx form and pending congressional action which, if passed, would have the effect of amending the Internal Revenue Code so as to alter in any materially adverse respect any of the tax consequences prescribed by the Private Letter Ruling or the tax opinions contemplated by paragraphs (d) and (e) abovein lieu thereof.

Appears in 1 contract

Samples: Merger Agreement (Hilton Hotels Corp)

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