MAI and its Subsidiaries. have properly accrued all current or contested Taxes (to the extent in excess of $50,000 in the aggregate) on their books and records, and their books and records reflect reserves that are adequate for the payment of all Taxes (to the extent in excess of $50,000 in the aggregate) not yet due and payable that are properly accruable thereon through the date of this Agreement (including Taxes being contested). Neither MAI nor any of its Subsidiaries have any liability for any Taxes which, in the aggregate, are more than $50,000 in excess of amounts accrued or the reserves established. All Taxes (to the extent in excess of $50,000 in the aggregate) required to be withheld, collected or deposited in connection with the operations and activities of MAI or its Subsidiaries have been timely withheld, collected or deposited and, to the extent required, have been paid to the relevant taxing authority.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Medical Alliance Inc), Agreement and Plan of Merger (Medical Alliance Inc), Agreement and Plan of Merger (Diagnostic Health Services Inc /De/)
