Common use of Prohibition on Contracting with Corporations with Unpaid Tax Liabilities Clause in Contracts

Prohibition on Contracting with Corporations with Unpaid Tax Liabilities. The Grantee must not knowingly enter into a contract, memorandum of understanding, or cooperative agreement with, make a grant to, or provide a loan or loan guarantee to, any corporation that has any unpaid federal tax liability that has been assessed, for which all judicial and administrative remedies have been exhausted or have lapsed, and that is not being paid in a timely matter pursuant to an agreements with the authority responsible for collecting the tax liability.