Common use of Locked Box Accounts Clause in Contracts

Locked Box Accounts. All material liabilities of each Target Company for tax measured by reference to income, profits or gains earned, accrued or received on or before the Locked Box Accounts Date or arising in respect of an event occurring on or before the Locked Box Accounts Date are fully provided for or (as appropriate) disclosed in the Locked Box Accounts.

Locked Box Accounts. All material liabilities of each Target Company for tax Tax measured by reference to income, profits or gains earned, accrued or received on or before the Locked Box Accounts Date or arising in respect of an event Event occurring on or before the Locked Box Accounts Date are fully provided for or (as appropriate) disclosed in the Locked Box AccountsAccounts or Last Accounts to the extent required in accordance with applicable accounting policies.

Locked Box Accounts. All material liabilities (other than liabilities in respect of deferred Tax) of each Target Company for tax Tax measured by reference to income, profits or gains earned, accrued or received on or before the Locked Box Accounts Date or arising in respect of an event Event occurring on or before the Locked Box Accounts Date are fully provided for or (as appropriate) or, in accordance with generally accepted accounting practice applicable to the relevant Target Company, disclosed in the Locked Box Accounts.