No Deficiencies Sample Clauses
The "No Deficiencies" clause establishes that the subject of the agreement—such as goods, services, or property—meets all required standards and is free from defects or shortcomings at the time of delivery or acceptance. In practice, this means the seller or provider guarantees that there are no known issues, faults, or non-conformities that would affect the value or usability of what is being provided. This clause serves to protect the recipient by ensuring they receive what was promised and provides a basis for recourse if deficiencies are later discovered.
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No Deficiencies. The Company is not aware of (A) any significant deficiency in the design or operation of its internal control over financial reporting which are reasonably likely to adversely affect the Company’s ability to record, process, summarize and report financial data or any material weaknesses in internal controls; or (B) any fraud, whether or not material, that involves management or other employees who have a significant role in the Company’s internal controls.
No Deficiencies. The statute of limitations for the assessment of any federal income Taxes has expired for all income Tax Returns of UNC and of each of UNC Subsidiaries or such income Tax Returns have been examined by the Internal Revenue Service for all periods. No deficiency for any income Taxes has been proposed, asserted or assessed against UNC or any of UNC Subsidiaries which has not been resolved and paid in full. There are no deficiencies for state income Taxes which individually, or in the aggregate, would have a UNC Material Adverse Effect.
No Deficiencies. With respect to escrow deposits and escrow payments (other than with respect to each Mortgage Loan which is indicated by the Seller to be a Second Lien Mortgage Loan and for which the Mortgagee under the first lien is collecting escrow payments), all such payments are in the possession of or under the control of the Seller, its servicer or its agent. There exist no deficiencies with respect to escrow deposits and payments, if such are required, for which customary arrangements for repayment thereof have not been made, and no escrow deposits or payments of other charges or payments due the Seller of such Mortgage Loan have been capitalized under the Mortgage or the related Mortgage Note.
No Deficiencies. There is no Tax deficiency or claim assessed, proposed, pending or threatened in writing against St. J▇▇▇▇▇ or any Subsidiary. St. J▇▇▇▇▇ and its Subsidiaries have disclosed on their federal income Tax Returns all positions taken that could give rise to a substantial understatement of federal income Tax within the meaning of Section 6662 of the Code.
No Deficiencies. The Companies have not received any deficiencies for Taxes that have been asserted in writing, proposed in writing or assessed in writing against any of the Companies that have not been paid or otherwise settled or are not otherwise being challenged under appropriate procedures, except for deficiencies that, if finally resolved in a manner adverse to one of the Companies, would not reasonably be expected to have a Material Adverse Effect.
No Deficiencies. Neither the IRS nor any other taxing authority is as of the date of this Agreement asserting in writing against either of BIB or any of its subsidiaries any deficiency or claim for additional taxes or any adjustment of taxes BIB - Applicable Laws and Legal Matters
No Deficiencies. The statute of limitations for the assessment --------------- of any federal income Taxes has expired for all income Tax Returns of the Company and of each of the Subsidiaries or such income Tax Returns have been examined by the Internal Revenue Service for all periods. No deficiency for any income Taxes has been proposed, asserted or assessed against the Company or any of the Subsidiaries which has not been resolved and paid in full. There are no deficiencies for state income Taxes which individually, or in the aggregate, would have a Company Material Adverse Effect.
No Deficiencies. Neither the IRS nor any other taxing authority is as of the date of this Agreement asserting in writing against TTXI any deficiency or claim for additional taxes or any adjustment of taxes TTXI - Applicable Laws and Legal Matters
No Deficiencies. The statute of limitations for the assessment of any Taxes has expired for all Tax Returns of the Company and of each of the Company Subsidiaries or such Tax Returns have been examined by the appropriate taxing authorities for all periods. No deficiency for any Taxes has been proposed, asserted or assessed against the Company or any of the Company Subsidiaries which has not been resolved and paid in full.