Common use of No Unpaid Taxes Clause in Contracts

No Unpaid Taxes. All tax returns required to be filed by the Transferor in any jurisdiction have in fact been filed, and all taxes, assessments, fees and other governmental charges upon it or any subsidiary or upon any of its properties, income or franchises, shown to be due and payable on such returns have been paid. To the best of the Transferor's knowledge all such tax returns were true and correct and neither it nor any subsidiary knows of any proposed additional tax assessment against it in any material amount or of any basis therefor.

No Unpaid Taxes. All tax returns required to be filed by the Transferor in any jurisdiction have in fact been filed, and all taxes, assessments, fees and other governmental charges upon it or any subsidiary or upon any of its properties, income or franchises, shown to be due and payable on such returns have been paid. To the best of the Transferor's knowledge all such tax returns were true and correct and neither it nor any subsidiary knows of any proposed additional tax assessment against it in any material amount or of any basis therefortherefore.