Common use of No Taxes Clause in Contracts

No Taxes. The Company is not liable for any income, sales, withholding, real or personal property taxes to any governmental agencies whatsoever. All United States federal, state, county, municipality local or foreign income tax returns and all other material tax returns (including foreign tax returns) which are required to be filed by or on behalf of the Company have been or will be filed as of the Closing Date and all material taxes due pursuant to such returns or pursuant to any assessment received by the Company have been or will be paid as of the Closing Date, except those being disputed in good faith and for which adequate reserves have been established. The charges, accruals and reserves on the books of the Company in respect of taxes or other governmental charges have been established in accordance with GAAP.

Appears in 6 contracts

Samples: Stock Purchase Agreement (Sunrise Real Estate Group Inc), Stock Purchase Agreement (Sunrise Real Estate Group Inc), Stock Purchase Agreement (Sunrise Real Estate Group Inc)

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No Taxes. The Company To the best of the Company's knowledge, it is not liable for any income, sales, withholding, real or personal property taxes to any governmental agencies whatsoever. All United States federal, state, county, municipality local or foreign income tax returns and all other material tax returns (including foreign tax returns) which are required to be filed by or on behalf of the Company have been or will be filed as of the Closing Date and all material taxes due pursuant to such returns or pursuant to any assessment received by the Company have been or will be paid as of the Closing Date, except those being disputed in good faith and for which adequate reserves have been established. The charges, accruals and reserves on the books of the Company in respect of taxes or other governmental charges have been established in accordance with GAAP.

Appears in 5 contracts

Samples: Stock Purchase Agreement (Parallax Entertainment Inc), Stock Purchase Agreement (Hartland Investments Inc), Stock Purchase Agreement (Lucas Educational Systems Inc)

No Taxes. The Company To the best of the Company’s knowledge, it is not liable for any income, sales, withholding, real or personal property taxes to any governmental agencies whatsoever. All United States federal, state, county, municipality local or foreign income tax returns and all other material tax returns (including foreign tax returns) which are required to be filed by or on behalf of the Company have been or will be filed as of the Closing Date and all material taxes due pursuant to such returns or pursuant to any assessment received by the Company have been or will be paid as of the Closing Date, except those being disputed in good faith and for which adequate reserves have been established. The charges, accruals and reserves on the books of the Company in respect of taxes or other governmental charges have been established in accordance with GAAP.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Legalopinion Com), Share Exchange Agreement (New World Entertainment Corp.)

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No Taxes. The Company To the best of the Company's knowledge, it is not liable for any income, sales, withholding, real or personal property taxes to any governmental agencies whatsoever. All United States federal, state, county, municipality local or foreign income tax returns and all other material tax returns (including foreign tax returns) which are required to be filed by or on behalf of the Company have been or will be filed as of the Closing Date closing date and all material taxes due pursuant to such returns or pursuant to any assessment received by the Company have been or will be paid as of the Closing Dateclosing date, except those being disputed in good faith and for which adequate reserves have been established. The charges, accruals and reserves on the books of the Company in respect of taxes or other governmental charges have been established in accordance with GAAP.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Knowledge Transfer Systems Inc), Stock Purchase Agreement (Safetek International Inc)

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