Proper Accrual. The charges, accruals and reserves with respect to Taxes on the Records of Company are adequate (determined in accordance with GAAP) and are at least equal to Company's liability for Taxes. There exists no proposed Tax assessment or deficiency against Company.
Appears in 4 contracts
Samples: Stock Purchase Agreement (Star Energy Corp), Stock Purchase Agreement (Star Energy Corp), Stock Purchase Agreement (Sockeye Seafood Group Inc)
Proper Accrual. The charges, accruals and reserves with respect to Taxes on the Records of Company are adequate (determined in accordance with GAAP) and are at least equal to Company's liability for Taxes. There exists no proposed Tax tax assessment or deficiency against Company.
Appears in 2 contracts
Samples: Share Purchase Agreement (Franklin Towers Enterprises Inc), Share Purchase Agreement (Pay88)
Proper Accrual. The charges, accruals and reserves with respect to Taxes on the Records of Company are adequate (determined in accordance with GAAP) and are at least equal to Company's liability for Taxes. There exists no proposed Tax assessment or deficiency against Company.
Appears in 2 contracts
Samples: Share Exchange Agreement (SFH I Acquisition Corp), Share Exchange Agreement (SFH I Acquisition Corp)
Proper Accrual. The charges, accruals and reserves with respect to Taxes on the Records of Company are adequate (determined in accordance with GAAP) and are at least equal to Company's liability for Taxes. There exists no proposed Tax tax assessment or deficiency against CompanyCompany except as disclosed in the Balance Sheet or in SECTION 3.14(c) of the Disclosure Schedule.
Appears in 1 contract
Samples: Stock Purchase Agreement (American Vantage Companies)
Proper Accrual. The charges, accruals and reserves with respect to Taxes on the Records of the Company are adequate (determined in accordance with GAAP) and are at least equal to the Company's ’s liability for Taxes. There exists no proposed Tax tax assessment or deficiency against the Company.
Appears in 1 contract
Proper Accrual. The charges, accruals and reserves with respect to Taxes on the Records of Company are adequate (determined in accordance with GAAP) and are at least equal to Company's liability for Taxes. The charges, accruals and reserves with respect to Taxes on the Records of Subsidiary are adequate (determined in accordance with GAAP) and are at least equal to Subsidiary’s liability for Taxes. There exists no proposed Tax assessment or deficiency against CompanyCompany or Subsidiary.
Appears in 1 contract
