Common use of Reserves for Payment of Taxes Clause in Contracts

Reserves for Payment of Taxes. The Financials accurately and fully accrue in all material respects all actual and contingent liabilities for Taxes with respect to all periods through the dates thereof in accordance with GAAP. Neither the Company nor any of its Subsidiaries have incurred any liability for Taxes since the Balance Sheet Date other than in the ordinary course of business.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Crexendo, Inc.)

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Reserves for Payment of Taxes. The Financials accurately and fully accrue in for all material respects all actual and contingent liabilities for Taxes of the Company and its Subsidiaries with respect to all periods through the dates thereof in accordance with GAAP. Neither Except in connection with the transactions contemplated by this Agreement, neither the Company nor any of its Subsidiaries have incurred any liability for Taxes since the Balance Sheet Date other than in the ordinary course of businessbusiness consistent with past practice.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Zovio Inc)

Reserves for Payment of Taxes. The Financials accurately and fully accrue in all material respects all actual and contingent liabilities for Taxes with respect to all periods through the dates thereof in accordance with GAAP. Neither the Company nor any of its Subsidiaries have incurred any material liability for Taxes since the Balance Sheet Date other than in the ordinary course of business.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Coupa Software Inc)

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Reserves for Payment of Taxes. The Financials accurately and fully accrue in all material respects all actual and contingent liabilities for Taxes with respect to all periods through the dates thereof in accordance with GAAP. Neither the The Company nor any of its Subsidiaries have has not incurred any liability for Taxes since the Balance Sheet Date other than in the ordinary course of business.. (d)

Appears in 1 contract

Samples: Agreement and Plan of Merger (Simulations Plus, Inc.)

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