Termination of Tax Allocation Agreements. Any tax allocation or ---------------------------------------- sharing agreement or arrangement, whether or not written, that may have been entered into by Seller or any member of Seller's Group and the Bank shall be terminated as to the Bank as of the Closing Date, and no payments which are owed by or to the Bank pursuant thereto shall be made thereunder, except to the extent such obligation or receivable is reflected on the final Closing Date Balance Sheet, in which case it shall be paid.
Appears in 2 contracts
Samples: Stock Purchase Agreement (City National Corp), Stock Purchase Agreement (City National Corp)
Termination of Tax Allocation Agreements. Any tax allocation or ---------------------------------------- sharing agreement or arrangement, whether or not written, that may have been entered into by Seller or any member of Seller's Group and the Bank Savings shall be terminated as to the Bank Savings as of the Closing Date, and no payments which are owed by or to the Bank Savings pursuant thereto shall be made thereunder, except to the extent such obligation or receivable is reflected on the final Closing Date Balance Sheet, in which case it shall be paid.
Appears in 1 contract
Samples: Stock Purchase Agreement (Standard Pacific Corp /De/)
Termination of Tax Allocation Agreements. Any tax allocation or ---------------------------------------- sharing agreement or arrangement, whether or not written, that may have been entered into by Seller or any member of Seller's Group group and the Bank Savings shall be terminated as to the Bank Savings as of the Closing Date, and no payments which are owed by or to the Bank Savings pursuant thereto shall be made thereunder, except to the extent such obligation or receivable is reflected on the final Closing Date Balance Sheet, in which case it shall be paid.
Appears in 1 contract
Samples: Stock Purchase Agreement (First Alliance Corp /De/)
Termination of Tax Allocation Agreements. Any tax allocation or ---------------------------------------- sharing agreement or arrangement, whether or not written, that may have been entered into by Seller or any member of Seller's Group and the Bank Company shall be terminated as to the Bank Company as of the Closing Date, and no payments which are owed by or to the Bank Company pursuant thereto shall be made thereunder, except to the extent such obligation or receivable is reflected on the final Closing Date Balance Sheet, in which case it shall be paid.
Appears in 1 contract
Samples: Membership Interest Purchase Agreement (MVB Financial Corp)
