Common use of Accruals and Reserves Clause in Contracts

Accruals and Reserves. The charges, accruals, and reserves with respect to Taxes on the accounting Records of each Acquired Company are adequate and are at least equal to that Acquired Company’s liability for Taxes and to the Acquired Companies’ liability for Taxes on a consolidated basis, respectively.

Appears in 5 contracts

Samples: Stock Purchase Agreement, Share Exchange and Purchase Agreement, Share Exchange and Purchase Agreement (NewBridge Global Ventures, Inc.)

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Accruals and Reserves. The charges, accruals, accruals and reserves with respect to Taxes on the accounting Records records of each Acquired Company are adequate and reflected in the Financial Statements are at least equal to that Acquired Company’s liability for Taxes and to the Acquired Companies’ liability for Taxes on a consolidated basis, respectivelyTaxes.

Appears in 1 contract

Samples: Purchase Agreement (Sigmatron International Inc)

Accruals and Reserves. The charges, accruals, and reserves with respect to Taxes on the accounting Records of each Acquired the Company are adequate and are at least equal to that Acquired the Company’s and Seller’s liability for Taxes and to the Acquired Companies’ liability for Taxes on a consolidated basis, respectivelyTaxes.

Appears in 1 contract

Samples: Share Purchase Agreement (Xspand Products Lab, Inc.)

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Accruals and Reserves. The charges, accruals, and reserves with respect to Taxes on the accounting Records of each Acquired Company are adequate and are at least equal to that Acquired Company’s liability for Taxes and to the Acquired Companies’ liability for Taxes on a consolidated basis, respectivelyTaxes.

Appears in 1 contract

Samples: Stock Purchase Agreement (Fuel Tech, Inc.)

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