Common use of Reports and Returns Clause in Contracts

Reports and Returns. Borrower has filed all reports and tax returns required by governmental authority to be filed by it prior to the date hereof and Borrower has received no notice that such reports or returns have been rejected, declared insufficient, or otherwise challenged by such governmental authority. No representation is made as to the occurrence of tax audits.

Appears in 4 contracts

Samples: Business Loan Agreement, Business Loan Agreement (LINC Logistics Co), Business Loan Agreement (LINC Logistics Co)

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Reports and Returns. Borrower has filed all reports and tax returns required by governmental authority to be filed by it prior to the date hereof and Borrower has received no notice that such reports or returns have been rejected, declared insufficient, or otherwise challenged by such governmental authority. No representation is made as to the occurrence of tax audits, except if being contested in good faith.

Appears in 1 contract

Samples: Business Loan Agreement (Meritage Hospitality Group Inc)

Reports and Returns. Borrower has filed all reports and tax returns required by governmental authority to be filed by it prior to the date hereof and Borrower has received no notice that such reports or returns have been rejected, declared insufficient, or otherwise challenged by such governmental authority. No representation is made as to the occurrence of tax audits.

Appears in 1 contract

Samples: Security Agreement (Smart Online Inc)

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Reports and Returns. Borrower has filed all reports and tax returns required by governmental authority to be filed by it prior to the date hereof hereof, except for its tax returns for 2003 which are not currently due, and Borrower has received no notice that such reports or returns have been rejected, declared insufficient, or otherwise challenged by such governmental authority. No representation is made as to , except for an audit by the occurrence Internal Revenue Service of tax auditsthe Company's 2001 Federal Income Tax Return.

Appears in 1 contract

Samples: Business Loan Agreement (Techteam Global Inc)

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