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In addition, the Stipulation and the transactions contemplated thereby may not become effective if there is an Occurrence of a Material Adverse Event, as set forth in the Stipulation. In addition, the Stipulation may not become effective and the proposed Tender Offer may not be commenced if there is an Occurrence of a Material Adverse Event, as set forth in the Stipulation. An unfavorable outcome in the rate filing, in itself, would not constitute a material adverse event under the merger agreement. |
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