No Reliance on Tax Advice. The Subscriber has reviewed with his, her or its own tax advisors the foreign, federal, state and local tax consequences of this investment, where applicable, and the transactions contemplated by this Agreement. The Subscriber is relying solely on such advisors and not on any statements or representations of the Company or any of its agents and understands that the Subscriber (and not the Company) shall be responsible for the Subscriber own income tax liability that may arise as a result of this investment or the transactions contemplated by this Agreement.
No Reliance on Tax Advice. The Purchaser has reviewed with his, her or its own tax advisors the foreign, federal, state and local tax consequences of this investment, where applicable, and the transactions contemplated by this Agreement. The Purchaser is relying solely on such advisors and not on any statements or representations of the Company or any of its agents and understands that the Purchaser (and not the Company) shall be responsible for the Purchaser own income tax liability that may arise as a result of this investment or the transactions contemplated by this Agreement.
No Reliance on Tax Advice. Subscriber and each Investor have reviewed with his, her or its own tax advisors the foreign, federal, state and local tax consequences of this investment, where applicable, and the transactions contemplated by this Agreement. Subscriber and each Investor are relying solely on such advisors and not on any statements or representations of the Company or any of their agents and understands that Subscriber (and not the Company) shall be responsible for the Subscriber's or Investor's own tax liability that may arise as a result of this investment or the transactions contemplated by this Agreement.
No Reliance on Tax Advice. Such Member has been given the opportunity to review with such member's own tax advisors the federal, state and local tax consequences of the transactions contemplated by this Agreement. Except for matters addressed in the tax opinion to be provided to such Member pursuant to Section 7(d) hereof, such Member is relying solely on such advisors, if any, and not on any statements or representations of ANHI or any of its agents. Such Member understands that such Member (and not ANHI) shall be responsible for such Member's own tax liability that may arise as a result of the transactions contemplated by this Agreement. In particular, such Member, by execution of this Agreement, agrees and acknowledges that such Member has been given the opportunity to discuss with such Member's tax advisors, and understands, the following: ANCM is treated as a partnership for federal and most state income tax purposes. ANHI is a corporation for federal and state income tax purposes. Consequently, the Members will be exchanging what are in effect partnership interests for shares of a corporation, and will be taxed differently on the shares received from that of the interests given up in the exchange. Partnerships are pass-through entities for tax purposes. Therefore, partnerships are not subject to tax at the entity level. Rather, all tax items, including items of income, gain, loss, deduction and credit, pass through to the individual partners (or members, in the case of a limited liability company). Members must report such items on their individual income tax returns, and are taxed annually on their distributive share of income from the partnership, regardless of whether such income is actually distributed to the Members. Under the Internal Revenue Code of 1986, as amended, corporations and their shareholders are subject to two levels of tax. The corporation itself pays an annual corporate level tax on its income. If the corporation chooses to distribute earnings and profits to its shareholders in the form of dividends, the shareholders who receive such dividends (whether in cash or property) must include the value of the dividend in their gross income, and are therefore subject to tax at their individual rates on the value of the
No Reliance on Tax Advice. The Investor has reviewed with his, her or its own tax advisors the foreign, Federal, state and local tax consequences of this investment, where applicable, and the transactions contemplated by this Agreement. The Investor is relying solely on such advisors and not on any statements or representations of the Company or any of its agents and understands that the Investor (and not the Company) shall be responsible for the Investor own income tax liability that may arise as a result of this investment or the transactions contemplated by this Agreement.
No Reliance on Tax Advice. The Shareholder has reviewed with its own tax advisors the tax consequences of the transactions contemplated by this agreement. The Shareholder is relying solely on the advisors and not on any statements or representations of CMNN or any of its agents with respect to the tax consequences and understands that the Shareholder (and not CMNN) is responsible for the Shareholder's tax liability that may arise as a result of this investment or the transactions contemplated by this agreement.
No Reliance on Tax Advice. The Lender has reviewed with its own tax advisors foreign, federal, and state and local tax consequences of this investment, where applicable, and the transactions contemplated by this Agreement. The Lender is relying solely on such advisors and not on any of its agents and understands that the Lender (and not the Borrower) shall be responsible for the Lender's own tax liability that may arise as a result of this investment or the transactions contemplated by this Agreement.
No Reliance on Tax Advice. The Holder has reviewed with his, her or ------------------------- its own tax advisors the foreign, federal, state and local tax consequences of this investment, where applicable, and the transactions contemplated by this Agreement. The Holder is relying solely on such advisors and not on any statements or representations of the Company or any of its agents and understands that the Holder (and not the Company) shall be responsible for the Holder's own tax liability that may arise as a result of this investment or the transactions contemplated by this Warrant.
No Reliance on Tax Advice. Subscriber has reviewed with his, her or ---------------------------- its own tax advisors the foreign, federal, state and local tax consequences of this investment, where applicable, and the transactions contemplated by this Agreement. Subscriber is relying solely on such advisors and not on any statements or representations of the Company or any of its agents and understands that Subscriber (and not the Company) shall be responsible for the Subscriber's own tax liability that may arise as a result of this investment or the transactions contemplated by this Agreement, including, but not limited to, any and all taxes, fees, liens, encumbrances and other costs associated with the transfer to the Company of the assets in accordance with the terms and conditions of the "Deed of Absolute Sale" attached hereto as EXHIBIT 'C'.
No Reliance on Tax Advice. SUNBURST has reviewed with its own tax advisors the federal, state and local tax consequences of this investment, where applicable, and the transactions contemplated by this Agreement. SUNBURST is relying solely on such advisors and
