Common use of No Audit Clause in Contracts

No Audit. (A) No taxing authority has asserted any adjustment that could result in an additional Tax for which the Company or any Subsidiaries are or may be liable or that could result in a Lien on any of its assets which has not been fully paid or adequately provided for on the Interim Financial Statements (collectively, “Tax Liability”), or which adjustment, if asserted in another period, would result in any Tax Liability, (B) there is not pending any audit, examination, investigation, dispute, proceeding or claim (collectively, “Proceeding”) relating to any Tax Liability and, to the Knowledge of the Company, no taxing authority is contemplating such a Proceeding and there is no basis for any such Proceeding, (C) no statute of limitations with respect to any Tax Liability has been waived or extended (unless the period to which it has been waived or extended has expired), (D) there is no outstanding power of attorney authorizing anyone to act on behalf of the Company or any Subsidiaries in connection with any Tax Liability, Tax Return or Proceeding relating to any Tax, (E) there is not any outstanding closing agreement, ruling request, request to consent to change a method of accounting, subpoena or request for information with or by any taxing authority with respect to the Company or any Subsidiaries, its income, assets or business, or any Tax Liability, (F) the Company or any Subsidiaries are not required to include any adjustment under Section 481 of the Code (or any corresponding provision of applicable Law) in income for any period ending after the Closing Date, (G) the Company or any Subsidiaries are not and has never been a party to any Tax sharing or Tax allocation agreement, arrangement or understanding, (H) the Company or any Subsidiaries are not and has never been included in any consolidated, combined or unitary Tax Return, (I) all taxable periods for the assessment or collection of any Tax Liability are closed by agreement or by operation of the normal statute of limitations (without extension) or will close by operation of the normal statute of limitations for such Taxes (in each case determined without regard to any omission, fraud or other special circumstance other than the timely filing of the Tax Return), and (J) no taxing authority has ever asserted that the Company or any Subsidiaries should file a Tax Return in a jurisdiction where it does not file.

Appears in 3 contracts

Samples: Share Purchase Agreement (Nisun International Enterprise Development Group Co., LTD), Share Exchange Agreement, Share Exchange Agreement (Hebron Technology Co., LTD)

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No Audit. Except as set forth on Schedule 3.26(b), (A) No taxing authority no Authority has asserted any adjustment that could result in an additional Tax for which the Company or any Subsidiaries are Subsidiary is or may be liable or that could result in a Lien on any of its assets which has not been fully paid or adequately provided for on the Interim Financial Statements December 2007 Balance Sheet (collectively, “Tax Liability”), or which adjustment, if asserted in another period, would result in any Tax Liability, (B) there is not pending any audit, examination, investigation, dispute, proceeding or claim (collectively, “Proceeding”) relating to any Tax Liability and, to the Knowledge of the Company, no taxing authority Authority is contemplating such a Proceeding and there is no basis for any such Proceeding, (C) no statute of limitations with respect to any Tax Liability of the Company or any Subsidiary has been waived or extended (unless the period to which it has been waived or extended has expired), (D) there is no outstanding power of attorney authorizing anyone any Person to act on behalf of the Company or any Subsidiaries Subsidiary in connection with any Tax Liability, Tax Return or Proceeding relating to any Tax, (E) there is not outstanding any outstanding closing agreement, ruling request, request to consent to change a method of accounting, subpoena or request for information with or by any taxing authority Authority with respect to the Company or any SubsidiariesSubsidiary, its or any of their income, assets or business, or any Tax Liability, (F) neither the Company or nor any Subsidiaries are not Subsidiary is required to include any adjustment under Section 481 of the Code (or any corresponding provision of applicable Lawlaw) in income for any period ending after the Closing Date, (G) neither the Company or nor any Subsidiaries are not and Subsidiary is, nor has never been ever been, a party to any Tax sharing or Tax allocation agreement, arrangement or understanding, (H) neither the Company or nor any Subsidiaries are not and Subsidiary has never ever been included in any consolidated, combined or unitary Tax Return, (I) all taxable Taxable periods for the assessment or collection of any Tax Liability are closed by agreement or by operation of the normal statute of limitations (without extension) or will close by operation of the normal statute of limitations for such Taxes (in each case determined without regard to any omission, fraud or other special circumstance in writing other than the timely filing of the Tax Return), and (J) no taxing authority Authority has ever asserted that the Company or any Subsidiaries Subsidiary should file a Tax Return in a jurisdiction where it does not file.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Kline Hawkes Pacific Advisors, LLC), Stock Purchase Agreement (Vector Intersect Security Acquisition Corp.)

No Audit. (A) No taxing authority has asserted any adjustment that could result in an additional Tax for which the Company or any Subsidiaries are or may be liable or that could result in a Lien on any of its assets which has not been fully paid or adequately provided for on the Interim Financial Statements (collectively, "Tax Liability"), or which adjustment, if asserted in another period, would result in any Tax Liability, (B) there is not pending any audit, examination, investigation, dispute, proceeding or claim (collectively, "Proceeding") relating to any Tax Liability and, to the Knowledge of the Company, no taxing authority is contemplating such a Proceeding and there is no basis for any such Proceeding, (C) no statute of limitations with respect to any Tax Liability has been waived or extended (unless the period to which it has been waived or extended has expired), (D) there is no outstanding power of attorney authorizing anyone to act on behalf of the Company or any Subsidiaries in connection with any Tax Liability, Tax Return or Proceeding relating to any Tax, (E) there is not any outstanding closing agreement, ruling request, request to consent to change a method of accounting, subpoena or request for information with or by any taxing authority with respect to the Company or any Subsidiaries, its income, assets or business, or any Tax Liability, (F) the Company or any Subsidiaries are not required to include any adjustment under Section 481 of the Code (or any corresponding provision of applicable Law) in income for any period ending after the Closing Date, (G) the Company or any Subsidiaries are not and has never been a party to any Tax sharing or Tax allocation agreement, arrangement or understanding, (H) the Company or any Subsidiaries are not and has never been included in any consolidated, combined or unitary Tax Return, (I) all taxable periods for the assessment or collection of any Tax Liability are closed by agreement or by operation of the normal statute of limitations (without extension) or will close by operation of the normal statute of limitations for such Taxes (in each case determined without regard to any omission, fraud or other special circumstance other than the timely filing of the Tax Return), and (J) no taxing authority has ever asserted that the Company or any Subsidiaries should file a Tax Return in a jurisdiction where it does not file.. Page

Appears in 1 contract

Samples: Share Exchange Agreement (Zoom Technologies Inc)

No Audit. (A) No taxing authority has asserted any adjustment that could result in an additional Tax which is or could be a Liability for which the Company or any Subsidiaries are or may be liable HHE or that could result in a Lien lien on any of its assets which has not been fully paid or adequately provided for on the Interim Financial Statements (collectively, “Tax Liability”), or which adjustment, if asserted in another period, would result in any Tax Liability, (B) there is not pending any audit, examination, investigation, dispute, proceeding or claim (collectively, “Proceeding”) relating to any Tax Liability and, to the Knowledge knowledge of the CompanyHHE, no taxing authority is contemplating such a Proceeding and there is no basis for any such Proceeding, (C) no statute of limitations with respect to any Tax Liability has been waived or extended (unless the period to which it has been waived or extended has expired), (D) there is no outstanding power of attorney authorizing anyone to act on behalf of the Company or any Subsidiaries HHE in connection with any Tax Liability, Tax Return or Proceeding relating to any Tax, (E) there is not any outstanding closing agreement, ruling request, request to consent to change a method of accounting, subpoena or request for information with or by any taxing authority with respect to the Company or any SubsidiariesHHE, its income, assets or business, or any Tax Liability, (F) the Company or any Subsidiaries are HHE is not required to include any adjustment adjustment, required under Section 481 of the Code (or any corresponding provision of applicable Law) Tax law, in income for any period ending after the Closing Date, (G) the Company or any Subsidiaries are HHE is not and has never been a party to any Tax tax sharing or Tax tax allocation agreement, arrangement or understanding, (H) the Company or any Subsidiaries are HHE is not and has never been included in any consolidated, combined or unitary Tax Return, (I) all taxable periods for the assessment or collection of any Tax Liability are closed by agreement or by operation of the normal statute of limitations (without extension) or will close by operation of the normal statute of limitations for such Taxes (in each case determined without regard to any omission, fraud or other special circumstance other than the timely filing of the Tax Return), and (J) no taxing authority has ever asserted that the Company or any Subsidiaries HHE should file a Tax Return in a jurisdiction where it does not file.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Borqs Technologies, Inc.)

No Audit. (A) No taxing authority has asserted any adjustment that could result in an additional Tax tax for which the Company or any Subsidiaries KADI SH and KADI HK are or may be liable or that could result in a Lien lien on any of its assets which has not been fully paid or adequately provided for on the Interim Financial Statements (collectively, “Tax Liability”), or which adjustment, if asserted in another period, would result in any Tax Liability, (B) there is not pending any audit, examination, investigation, dispute, proceeding or claim (collectively, “Proceeding”) relating to any Tax Liability and, to the Knowledge knowledge of KADI and the CompanySelling Shareholders, no taxing authority is contemplating such a Proceeding and there is no basis for any such Proceeding, (C) no statute of limitations with respect to any Tax Liability has been waived or extended (unless the period to which it has been waived or extended has expired), (D) there is no outstanding power of attorney authorizing anyone to act on behalf of the Company KADI SH or any Subsidiaries KADI HK in connection with any Tax Liability, Tax Return tax return or Proceeding relating to any Taxtax, (E) there is not any outstanding closing agreement, ruling request, request to consent to change a method of accounting, subpoena or request for information with or by any taxing authority with respect to the Company KADI SH or any SubsidiariesKADI HK, its income, assets or business, or any Tax Liability, (F) the Company or any Subsidiaries KADI SH and KADI HK are not required to include any adjustment adjustment, required under Section 481 of the Code (or any corresponding provision of applicable Law) tax law, in income for any period ending after the Closing Date, (G) the Company or any Subsidiaries KADI SH and KADI HK are not and has never been a party to any Tax tax sharing or Tax tax allocation agreement, arrangement or understanding, (H) the Company or any Subsidiaries KADI SH and KADI HK are not and has never been included in any consolidated, combined or unitary Tax Returntax return, (I) all taxable periods for the assessment or collection of any Tax Liability are closed by agreement or by operation of the normal statute of limitations (without extension) or will close by operation of the normal statute of limitations for such Taxes taxes (in each case determined without regard to any omission, fraud or other special circumstance other than the timely filing of the Tax Returntax return), and (J) no taxing authority has ever asserted that the Company KADI SH or any Subsidiaries KADI HK should file a Tax Return tax return in a jurisdiction where it does not file.

Appears in 1 contract

Samples: Share Purchase Agreement (Borqs Technologies, Inc.)

No Audit. (A) No taxing authority has asserted any adjustment that could result in an a material additional Tax for which the Company DIGITAL HKco or any of its Subsidiaries are or may be liable or that could result in a material Lien on any of its assets which has not been fully paid or adequately provided for on the Interim Financial Statements (collectively, “Tax Liability”), or which adjustment, if asserted in another period, would result in any Tax Liability, (B) there is not pending any audit, examination, investigation, dispute, proceeding or claim (collectively, “Proceeding”) relating to any Tax Liability and, to the Knowledge of the CompanyDigital HKco’s Shareholder, no taxing authority is contemplating such a Proceeding and there is no basis for any such Proceeding, (C) no statute of limitations with respect to any Tax Liability has been waived or extended (unless the period to which it has been waived or extended has expired), (D) there is no outstanding power of attorney authorizing anyone to act on behalf of the Company DIGITAL HKco or any of its Subsidiaries in connection with any Tax Liability, Tax Return or Proceeding relating to any Tax, (E) there is not any outstanding closing agreement, ruling request, request to consent to change a method of accounting, subpoena or request for information with or by any taxing authority with respect to the Company DIGITAL HKco or any of its Subsidiaries, its income, assets or business, or any Tax Liability, (F) the Company DIGITAL HKco or any of its Subsidiaries are not required to include any adjustment under Section 481 of the Code (or any corresponding provision of applicable Law) in income for any period ending after the Closing Date, (G) the Company or any DIGITAL HKco and each of its Subsidiaries are is not and has never been a party to any Tax sharing or Tax allocation agreement, arrangement or understanding, (H) the Company or any DIGITAL HKco and each of its Subsidiaries are is not and has never been included in any consolidated, combined or unitary Tax Return, (I) all taxable periods for the assessment or collection of any Tax Liability are closed by agreement or by operation of the normal statute of limitations (without extension) or will close by operation of the normal statute of limitations for such Taxes (in each case determined without regard to any omission, fraud or other special circumstance other than the timely filing of the Tax Return), and (J) no taxing authority has ever asserted that the Company DIGITAL HKco or any of its Subsidiaries should file a Tax Return in a jurisdiction where it does not file.. xx

Appears in 1 contract

Samples: Share Exchange Agreement (Wizzard Software Corp /Co)

No Audit. (A) No taxing authority has asserted any adjustment that could result in an additional Tax for which the Company or any Subsidiaries are or may be liable or that could result in a Lien on any of its assets which has not been fully paid or adequately provided for on the Interim Financial Statements (collectively, “material Tax Liability”), or which adjustment, if asserted in another period, would result in any Tax Liability, (B) there is not pending any audit, examination, investigation, dispute, proceeding or claim (collectively, “Proceeding”) Proceeding relating to any Tax Liability and, to the Knowledge of the Company, no taxing authority is contemplating such a Proceeding and there is no basis for any such Proceeding, (C) no statute of limitations with respect to any Tax Liability has been waived or extended (unless the period to which it has been waived or extended has expired), (D) there is no outstanding power of attorney authorizing anyone to act on behalf of the Company or any Subsidiaries of its subsidiaries in connection with any Tax Liability, Tax Return or Proceeding relating to any Tax, (E) there is not any outstanding closing agreement, ruling request, request to consent to change a method of accounting, subpoena or request for information with or by any taxing authority with respect to the Company or any Subsidiaries, its income, assets or business, or any Tax Liability, (F) the Company or any of its Subsidiaries are not required to include any adjustment under Section 481 of the Code (or any corresponding provision of applicable Law) in income for any period ending after the Closing Date, (G) the Company or any of its Subsidiaries are not and has never been a party to any Tax sharing or Tax allocation agreement, arrangement or understanding, (H) the Company or any of its Subsidiaries are not and has never been included in any consolidated, combined or unitary Tax Return, (I) all taxable periods for the assessment or collection of any Tax Liability are closed by agreement or by operation of the normal statute of limitations (without extension) or will close by operation of the normal statute of limitations for such Taxes (in each case determined without regard to any omission, fraud or other special circumstance other than the timely filing of the Tax Return), and (J) no taxing authority has ever asserted that the Company or any of its Subsidiaries should file a Tax Return in a jurisdiction where it does not file.

Appears in 1 contract

Samples: Share Exchange Agreement (Wizzard Software Corp /Co)

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No Audit. (A) No taxing authority has asserted any adjustment that could result in an additional Tax for which the Company Seller or any Subsidiaries are or may be liable or that could result in a Lien on any of its assets which has not been fully paid or adequately provided for on the Interim Financial Statements (collectively, “Tax Liability”), or which adjustment, if asserted in another period, would result in any Tax Liability, (B) there is not pending any audit, examination, investigation, dispute, proceeding or claim (collectively, “Proceeding”) relating to any Tax Liability and, to the Knowledge knowledge of the CompanySeller, no taxing authority is contemplating such a Proceeding and there is no basis for any such Proceeding, (C) no statute of limitations with respect to any Tax Liability has been waived or extended (unless the period to which it has been waived or extended has expired), (D) there is no outstanding power of attorney authorizing anyone to act on behalf of the Company Seller or any Subsidiaries in connection with any Tax Liability, Tax Return or Proceeding relating to any Tax, (E) there is not any outstanding closing agreement, ruling request, request to consent to change a method of accounting, subpoena or request for information with or by any taxing authority with respect to the Company Seller or any Subsidiaries, its income, assets or business, or any Tax Liability, (F) the Company Seller or any Subsidiaries are not required to include any adjustment under Section 481 of the Code (or any corresponding provision of applicable Law) in income for any period ending after the Closing Date, (G) the Company Seller or any Subsidiaries are not and has never been a party to any Tax sharing or Tax allocation agreement, arrangement or understanding, (H) the Company Seller or any Subsidiaries are not and has never been included in any consolidated, combined or unitary Tax Return, (I) all taxable periods for the assessment or collection of any Tax Liability are closed by agreement or by operation of the normal statute of limitations (without extension) or will close by operation of the normal statute of limitations for such Taxes (in each case determined without regard to any omission, fraud or other special circumstance other than the timely filing of the Tax Return), and (J) no taxing authority has ever asserted that the Company Seller or any Subsidiaries should file a Tax Return in a jurisdiction where it does not file.

Appears in 1 contract

Samples: Share Purchase Agreement (Borqs Technologies, Inc.)

No Audit. Except as set forth on Schedule 3.28(b) (A) No taxing authority no Taxing Authority has asserted any adjustment that could result in an additional Tax for which the Company or any Subsidiaries are is or may be liable or that could result in a Lien on any of its assets which has not been fully paid or adequately provided for on the Interim Financial Statements Closing Balance Sheet (collectively, “Tax Liability”), or which adjustment, if asserted in another period, would result in any Tax Liability, (B) there is not pending any audit, examination, investigation, dispute, proceeding or claim (collectively, “Proceeding”) relating to any Tax Liability and, to the Knowledge knowledge of the Company, no taxing authority Taxing Authority is contemplating such a Proceeding and there is no not basis for any such Proceeding, (C) no statute of limitations with respect to any Tax Liability has been waived or extended (unless the period to which it has been waived or extended has expired), (D) there is no outstanding power of attorney authorizing anyone to act on behalf of the Company or any Subsidiaries in connection with any Tax Liability, Tax Return or Proceeding relating to any Tax, (E) there is not any outstanding closing agreement, ruling request, request to consent to change a method of accounting, subpoena or request for information with or by any taxing Taxing authority with respect to the Company or any SubsidiariesCompany, its income, assets or business, or any Tax Liability, (F) the Company or any Subsidiaries are is not required to include any adjustment under Section 481 of the Code (or any corresponding provision of applicable Lawlaw) in income for any period ending after the Closing Date, (G) the Company or any Subsidiaries are is not and has never been a party to any Tax sharing or Tax allocation agreement, arrangement or understanding, (H) the The Company or any Subsidiaries are is not and has never been included in any consolidated, combined or unitary Tax Return, (I) all taxable Taxable periods for the assessment or collection of any Tax Liability are closed by agreement or by operation of the normal statute of limitations (without extension) or will close by operation of the normal statute of limitations for such Taxes (in each case determined without regard to any omission, fraud or other special circumstance other than the timely filing of the Tax Return), and (J) no taxing authority Taxing Authority has ever asserted that the Company or any Subsidiaries should file a Tax Return in a jurisdiction where it does not file.

Appears in 1 contract

Samples: Merger Agreement (A21 Inc)

No Audit. Except as set forth on Schedule 3.28(b), (A) No no taxing authority (“Taxing Authority”) has asserted any adjustment that could result in an additional Tax for which the Company or any Subsidiaries are is or may be liable or that could result in a Lien on any of its assets which has not been fully paid or adequately provided for on the Interim Financial Statements Company’s balance sheet at Closing (collectively, “Tax Liability”), or which adjustment, if asserted in another period, would result in any Tax Liability, ) (B) there is not pending any audit, examination, investigation, dispute, proceeding or claim (collectively, “Proceeding”) relating to any Tax Liability andLiability, and to the Knowledge knowledge of the Principal Shareholders and the Company, no taxing authority Taxing Authority is contemplating such a Proceeding and there is no basis for any such Proceeding, (C) no statute of limitations with respect to any Tax Liability has been waived or extended (unless the period to which it has been waived or extended has expired), (D) there is no outstanding power of attorney authorizing anyone to act on behalf of the Company or any Subsidiaries in connection with any Tax Liability, Tax Return or Proceeding relating to any Tax, (E) there is not any no outstanding closing agreement, ruling request, request to consent to change a method of accounting, subpoena or request for information with or by any taxing authority Taxing Authority with respect to the Company or any SubsidiariesCompany, its income, assets or business, or any Tax Liability, (F) the Company or any Subsidiaries are is not required to include any adjustment under Section 481 of the Code (or any corresponding provision of applicable Law) in income for any period ending after the Closing Date, (G) the Company or any Subsidiaries are is not and has never been a party to any Tax sharing or Tax allocation agreement, arrangement or understanding, (H) the Company or any Subsidiaries are is not and has never been included in any consolidated, combined or unitary Tax Return, (I) all taxable Taxable periods for the assessment or collection of any Tax Liability are closed by agreement or by operation of the normal statute of limitations (without extension) or will close by operation of the normal statute of limitations for such Taxes (in each case determined without regard to any omission, fraud or other special circumstance other than the timely filing of the Tax Return), and (J) no taxing authority Taxing Authority has ever asserted that the Company or any Subsidiaries should file a Tax Return in a jurisdiction where it does not presently file.

Appears in 1 contract

Samples: Merger Agreement (Intelli Check Inc)

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