Common use of Accounting Records and Tax Returns Clause in Contracts

Accounting Records and Tax Returns. Merchant shall treat receipt of the Purchase Price and delivery of the Specified Percentage of Future Receipts in a manner consistent with its nature as a true sale of Future Receipts in its accounting records and tax returns and further agrees that Purchaser is entitled to audit Mxxxxxxx’s accounting records upon reasonable Notice in order to verify compliance. Merchant hereby waives any rights of privacy, confidentiality, or taxpayer privilege in any litigation or arbitration arising out of this Agreement in which Merchant asserts that this transaction is anything other than a sale of future receipts.

Appears in 11 contracts

Samples: Agreement of Sale of Future Receipts (Sky Quarry Inc.), Agreement of Sale of Future Receivables (Sky Quarry Inc.), Agreement of Sale of Future Receipts (Sky Quarry Inc.)

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Accounting Records and Tax Returns. Merchant shall will treat receipt of the Purchase Price and delivery of the Specified Percentage of Sold Future Receipts in a manner consistent with its nature as a true evidencing sale of Future Receipts its future receipts in its accounting records and tax returns and further agrees that Purchaser is entitled to audit MxxxxxxxMerchant’s accounting records upon reasonable Notice in order to verify compliance. Merchant hereby waives any rights of privacy, confidentiality, confidentiality or taxpayer privilege in any litigation or arbitration arising out of this Agreement in which Merchant asserts that this transaction is anything other than a sale of future receipts.

Appears in 5 contracts

Samples: Agreement of Sale of Future Receipts (Vystar Corp), Agreement of Sale of Future Receivables (1847 Holdings LLC), Agreement of Sale of Future Receivables (SHARING SERVICES GLOBAL Corp)

Accounting Records and Tax Returns. Merchant shall treat receipt of the Purchase Price and delivery of the Specified Percentage of Future Receipts in a manner consistent with its nature as a true sale of Future Receipts in its accounting records and tax returns and further agrees that Purchaser is entitled to audit Mxxxxxxx’s 's accounting records upon reasonable Notice in order to verify compliance. Merchant hereby waives any rights of privacy, confidentiality, or taxpayer privilege in any litigation or arbitration arising out of this Agreement in which Merchant asserts that this transaction is anything other than a sale of future receipts.

Appears in 3 contracts

Samples: Agreement of Sale of Future Receivables (Sky Quarry Inc.), Agreement of Sale of Future Receivables (Sky Quarry Inc.), Agreement of Sale of Future Receipts (Sky Quarry Inc.)

Accounting Records and Tax Returns. Merchant shall treat receipt of the Purchase Price and delivery of the Specified Percentage of Future Receipts in a manner consistent with its nature as a true sale of Future Receipts in its accounting records and tax returns and further agrees that Purchaser is entitled to audit Mxxxxxxx’s Xxxxxxxx's accounting records upon reasonable Notice in order to verify compliance. Merchant hereby waives any rights of privacy, confidentiality, or taxpayer privilege in any litigation or arbitration arising out of this Agreement in which Merchant asserts that this transaction is anything other than a sale of future receipts.

Appears in 1 contract

Samples: Agreement of Sale of Future Receipts (Enservco Corp)

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Accounting Records and Tax Returns. Merchant shall treat receipt of the Purchase Price and delivery of the Specified Percentage of Future Receipts in a manner consistent with its nature as a true sale of Future Receipts in its accounting records and tax returns and further agrees that Purchaser is entitled to audit MxxxxxxxMerchant’s accounting records upon reasonable Notice in order to verify compliance. Merchant hereby waives any rights of privacy, confidentiality, or taxpayer privilege in any litigation or arbitration arising out of this Agreement in which Merchant asserts that this transaction is anything other than a sale of future receipts.

Appears in 1 contract

Samples: Agreement of Sale of Future Receipts (Clearday, Inc.)

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