Bio Syntech Sample Clauses

Bio Syntech. (i) has duly and in a timely manner filed all returns, elections, filings and reports required pursuant to the Income Tax Act, the Quebec Tax Act, the income tax legislation of any other province of Canada or any foreign jurisdictions having jurisdiction over the affairs of Bio Syntech, the Excise Tax Act (Canada) as it relates to the goods and services tax ("GST"), the Mines and Minerals Act (Quebec), the Freehold Mineral Rights Tax Act (Quebec), and any similar legislation of provinces or foreign jurisdictions having jurisdiction over the affairs of Bio Syntech for all prior periods in respect of which such filings have heretofore been required, and such filings are substantially true, complete and correct; the tax liability of Bio Syntech is as indicated by the above returns and filings, and Bio Syntech has made timely payment of, or has duly and properly accrued on the books thereof, the taxes (including interest and penalties thereon) shown in these returns and filings, with respect to periods ending on or prior to the date hereof, and any subsequent assessments, reassessments or determinations thereof; (ii) has made adequate provision for taxes or other amounts payable pursuant to any legislation referred to in (i) above for the current period for which returns, reports, elections or other filings are not yet required to be filed, and Bio Syntech has paid all required instalments of income, capital, property and business taxes payable on account of the current period; (iii) is not aware, without having made special investigation, of any contingent tax liabilities or any grounds that could prompt an assessment or reassessment and has not received any indication from any taxation authorities that an assessment or reassessment, regardless of its merits, is proposed or is under consideration; (iv) is not a party to any agreements or waivers extending the statutory period of limitations applicable to any federal, provincial or other tax return for any period; (v) has withheld, and will continue to withhold until the Effective Date, from each payment made to any of its officers, directors, former directors and employees and to all non-residents of Canada and other persons with respect to whom it is required by law to withhold any amounts, the amount of all taxes (including, without limitation, income tax) and other deductions required to be withheld therefrom and has paid the same to the proper tax or other authority within the time required under any appl...