THE MERGER
Notwithstanding anything to the contrary contained in this Agreement, prior to the Effective Time, Somerset Bank or SR Bancorp shall be entitled to revise the structure of the Merger, the Bank Merger or the Conversion, provided that (i) there are no adverse federal or state income tax consequences to Regal Bancorp stockholders as a result of the modification; (ii) the consideration to be paid to the holders of Regal Bancorp Common Stock under this Agreement is not thereby changed in kind or value or reduced in amount as a result of such change in structure and, in the case of revision to the structure of the Conversion, the pro forma capitalization of SR Bancorp shall not be materially different than that contemplated by the Conversion Prospectus; provided however, a change in the Independent Valuation shall not be deemed to be a change in the consideration to be paid to the holders of Regal Bancorp Common Stock; and (iii) such modification will not materially delay or jeopardize receipt of any required regulatory approvals or other consents and approvals relating to the consummation of the Merger. Each of SR Bancorp, Somerset Bank, Regal Bancorp and Regal Bank agrees to appropriately amend this Agreement and any related documents to reflect any such revised structure.
【参考訳】(i)変更の結果、Regal Bancorp の株主に連邦所得税または州所得税の不利な影響がないこと； (ii) 本契約に基づき Regal Bancorp 普通株式の保有者に支払われる対価が、そのような構造変更の結果、種類や価値が変更されたり、金額が減額されたりせず、また、転換の構造変更の場合、SR Bancorp のプロフォーマ資本が転換目論見書によって意図されたものと実質的に異ならないこと； ただし、独立評価額の変更は、Regal Bancorp 普通株式の保有者に支払われる対価の変更とはみなされないものとします。SR Bancorp、Somerset Bank、Regal Bancorp、Regal Bank の各社は、かかる修正された構造を反映するために本契約および関連書類を適切に修正することに同意します。
