Common use of Expiration of Statute of Limitations Clause in Contracts

Expiration of Statute of Limitations. The federal and state income Tax Returns of the Company either have been examined and settled with the appropriate taxing authority or closed by virtue of the expiration of the applicable statute of limitations for all years, and no deficiency for any Taxes has been proposed, asserted, or assessed against the Company that has not been resolved and paid in full, except for those contested in good faith and for which adequate reserves have been established.

Appears in 5 contracts

Samples: Purchase Agreement (American Water Works Co Inc), Purchase Agreement (American Water Works Co Inc), Purchase Agreement (American Water Works Co Inc)

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Expiration of Statute of Limitations. The federal and state income Tax Returns of the Company and each of its subsidiaries either have been examined and settled with the appropriate taxing Tax authority or closed by virtue of the expiration of the applicable statute of limitations for all yearsyears through and including 1994, and no deficiency for any Taxes has been proposed, asserted, asserted or assessed against the Company or any of its subsidiaries that has not been resolved and paid in full, full except for those contested in good faith and for which adequate reserves have been established.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Northeast Utilities System), Agreement and Plan of Merger (Northeast Utilities System)

Expiration of Statute of Limitations. The federal and state income All Tax Returns of the Company either have been examined and settled with the appropriate taxing authority Taxing Authority or closed by virtue of the expiration of the applicable statute of limitations for all years, and no deficiency for any Taxes has been proposed, asserted, or assessed against the Company that has not been resolved and paid in full, except for those contested in good faith and for which adequate reserves have been established.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Aqua America Inc), Stock Purchase Agreement (Connecticut Water Service Inc / Ct)

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Expiration of Statute of Limitations. The federal and state income ------------------------------------ Tax Returns of the Company and each of its subsidiaries either have been examined and settled with the appropriate taxing Tax authority or closed by virtue of the expiration of the applicable statute of limitations for all yearsyears through and including 1994, and no deficiency for any Taxes has been proposed, asserted, asserted or assessed against the Company or any of its subsidiaries that has not been resolved and paid in full, full except for those contested in good faith and for which adequate reserves have been established.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Yankee Energy System Inc)

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