Common use of Returns and Payments Clause in Contracts

Returns and Payments. (a) The Company is a taxable person duly registered for the purposes of VAT. (b) The Company has complied with all statutory provisions, rules, regulations, orders and directions in respect of VAT, has promptly submitted accurate returns, and the Company maintains full and accurate VAT records, has never been subject to any interest, forfeiture, surcharge or penalty nor been given any notice under sections 59 or 64, VATA nor been given a warning within section 76(2), VATA nor has the Company been required to give security under paragraph 4 of Schedule 11, VATA. (c) VAT has been duly paid or provision has been made in the Accounts for all amounts of VAT for which the Company is liable.

Appears in 3 contracts

Samples: Sale and Purchase Agreement (Cunningham Graphics International Inc), Share Purchase Agreement (Phone Com Inc), Share Purchase Agreement (Seacor Smit Inc)

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Returns and Payments. (ai) The Company is a taxable person duly registered for the purposes of VAT. (bii) The Company has complied with all statutory provisions, rules, regulations, orders and directions in respect of VAT, has promptly submitted accurate returns, and the Company maintains full and accurate VAT records, has never been subject to any interest, forfeiture, surcharge or penalty nor been given any notice under sections 59 or 64, VATA nor been given a warning within section 76(2), VATA nor has the Company been required to give security under paragraph 4 of Schedule 11, VATA. (ciii) VAT has been duly paid or provision has been made in the Accounts for all amounts of VAT for which the Company is liable.

Appears in 1 contract

Samples: Share Purchase Agreement (Inverness Medical Innovations Inc)

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Returns and Payments. (a) The Each Group Company is a taxable person duly registered for the purposes of VAT. (b) The Each Group Company has complied with all statutory provisions, rules, regulations, orders and directions in respect of VAT, has promptly submitted accurate returns, and the each Group Company maintains full and accurate VAT records, has never been subject to any interest, forfeiture, surcharge or penalty nor been given any notice under sections 59 or 64, VATA nor been given a warning within section 76(2), VATA nor has the any Group Company been required to give security under paragraph 4 of Schedule 11, VATA. (c) VAT has been duly paid or provision has been made in the Accounts for all amounts of VAT for which the each Group Company is liable.

Appears in 1 contract

Samples: Umbrella Agreement (Cooper Companies Inc)

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