Common use of Illinois Taxes Clause in Contracts

Illinois Taxes. That its shareholders holding more than five percent (5%) of the outstanding shares of the corporation, its officers and directors are not delinquent in the payment of taxes to the Illinois Department of revenue in accordance with 65 ILCS 5/11-42.1-1.

Illinois Taxes. That That, if it is a partnership, it is not and its general partners are not, and, if it is a corporation, its shareholders holding more than five percent (5%) of the outstanding shares of the corporation, its officers and directors are not delinquent in the payment of taxes to the Illinois Department of revenue Revenue in accordance with 65 ILCS 5/11-42.1-1.