Collection and Remittance. The Company has collected from each receipt from any of the past and present customers (or other Persons paying amounts to the Company) the amount of all Taxes required to be collected and has paid and remitted such Taxes when estimated and/or due, in the form required under appropriate Legal Requirements or made adequate provision for the payment of such amounts to the proper receiving authorities. The amount of Tax collected but not remitted by the Company will be retained in the appropriate accounts and remitted by the Company to the appropriate authorities when due.
Appears in 2 contracts
Samples: Share Purchase Agreement, Share Purchase Agreement (SecureAlert, Inc.)
Collection and Remittance. The Each Acquired Company has collected from each receipt from any of the past and present customers (or other Persons paying amounts to the an Acquired Company) the amount of all Taxes (including goods and services tax and provincial sales taxes) required to be collected and has paid and remitted such Taxes when estimated and/or due, due in the form required under appropriate the applicable Legal Requirements or made adequate provision in the Acquired Companies Financial Statements pursuant to such goods, services or sales Tax Legal Requirements for the payment and remittance of such amounts to the proper receiving authorities. The amount of Tax collected but not remitted by the Company will be retained in the appropriate accounts and remitted by the Company to the appropriate authorities when dueGovernmental Bodies.
Appears in 2 contracts
Samples: Stock Purchase Agreement, Stock Purchase Agreement (OMNICELL, Inc)
Collection and Remittance. The Company has collected from each receipt from any of the past and present customers (or other Persons paying amounts to the Company) the amount of all Taxes (including goods and services tax and provincial sales taxes) required to be collected and has paid and remitted such Taxes when estimated and/or due, in the form required under the appropriate Legal Requirements legislation or made adequate provision for the payment of such amounts to the proper receiving authorities. The amount of Tax collected but not remitted by the Company will be retained in the appropriate their respective accounts and remitted by the Company them to the appropriate authorities when due.
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Collection and Remittance. The Each Company has collected from each receipt from any of the its past and present customers (or other Persons paying amounts to the CompanyCompanies) the amount of all Taxes required to be collected and has paid and remitted such Taxes when estimated and/or due, due in the form required under appropriate Legal Requirements or applicable Laws or, if not yet due, has made adequate provision in the Books and Records for the payment and remittance of such amounts to the proper receiving authorities. The amount of Tax collected but not remitted by the Company will be retained in the appropriate accounts and remitted by the Company to the appropriate authorities when dueGovernmental Entities.
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