Common use of Over-provision and Reliefs Clause in Contracts

Over-provision and Reliefs. 7.1 If the auditors for the time being of the Company shall certify (at the request and expense of the Shareholders) that any provision for Taxation in the Management Accounts (excluding any provision for deferred taxation) has proved to be an over-provision, then the amount of such over-provision shall be dealt with in accordance with paragraph 7.3 below.

Appears in 2 contracts

Samples: Agreement (Smartdisk Corp), Agreement (Smartdisk Corp)

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Over-provision and Reliefs. 7.1 If the auditors for the time being of the relevant Group Company shall certify (at the request and expense of the ShareholdersWarrantors) that any provision for Taxation in the Management Accounts (excluding any provision for deferred taxation) has proved to be an over-provision, then the amount of such over-provision shall be dealt with in accordance with paragraph 7.3 below.

Appears in 1 contract

Samples: Agreement (Enodis PLC)

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Over-provision and Reliefs. 7.1 If the auditors for the time being of the Company shall certify (at the request and expense of the ShareholdersWarrantors’ Representative) that any provision for Taxation in the Management Accounts (excluding any provision for deferred taxation) has proved to be an over-provision, then the amount of such over-provision shall be dealt with in accordance with paragraph 7.3 below.

Appears in 1 contract

Samples: Activcard Corp

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