Common use of Accounting and Tax Matters Clause in Contracts

Accounting and Tax Matters. Contributor and Shareholders will not change in any material respect the tax or financial accounting methods or practices followed by Contributor (including any material change in any assumption underlying, or any method of calculating, any bad debt, contingency or other reserve), except as may be required by law or generally accepted accounting principles. Contributor and Shareholders will duly, accurately and timely (without regard to any extensions of time) file all returns, information statements and other documents relating to taxes of Contributor required to be filed by it, and pay all taxes required to be paid by it, on or before the Closing Date.

Accounting and Tax Matters. Contributor and Shareholders Partners will not change in any material respect the tax or financial accounting methods or practices followed by Contributor (including any material change in any assumption underlying, or any method of calculating, any bad debt, contingency or other reserve), except as may be required by law or generally accepted accounting principles. Contributor and Shareholders Partners will duly, accurately and timely (without regard to any extensions of time) file all returns, information statements and other documents relating to taxes of Contributor required to be filed by it, and pay all taxes required to be paid by it, on or before the Closing Date.

Accounting and Tax Matters. Contributor Contributors and Shareholders Shareholder will not change in any material respect the tax or financial accounting methods or practices followed by Contributor Contributors (including any material change in any assumption underlying, or any method of calculating, any bad debt, contingency or other reserve), except as may be required by law or generally accepted accounting principles. Contributor Contributors and Shareholders Shareholder will duly, accurately and timely (without regard to any extensions of time) file all returns, information statements and other documents relating to taxes of Contributor Contributors required to be filed by it, and pay all taxes required to be paid by it, on or before the Closing Date.