CORPORATE FRANCHISE TAX. Contractor (or “Seller” or other designation of contracting party) certifies that, upon the effective date of this agreement, either (1) it is not delinquent in payment of State of Texas corporate franchise taxes, or (2) it is not subject to the payment of such taxes. Contractor (or other designation of contracting party) agrees that any false statement with respect to franchise tax status shall be a material breach hereof, and the College shall be entitled to terminate this Agreement upon written notice thereof to Contractor (or other designation).
Appears in 4 contracts
Samples: Professional Services, Owner Contractor Construction Agreement, Owner Contractor Construction Agreement
CORPORATE FRANCHISE TAX. Contractor CONTRACTOR (or “Seller” or other designation of contracting party) certifies that, upon the effective date of this agreement, either (1) it is not delinquent in payment of State of Texas corporate franchise taxes, or (2) it is not subject to the payment of such taxes. Contractor (or other designation of contracting party) agrees that any false statement with respect to franchise tax status shall be a material breach hereof, and the College LSC shall be entitled to terminate this Agreement upon written notice thereof to Contractor (or other designation).
Appears in 1 contract